Mining Explorers 2012: Rockhaven Resources Ltd.
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Last updated 11/11/2012 at Noon
RK: TSX-V
Chief Executive Officer: Matthew A. Turner
Chief Operating Officer: Ian J. Talbot
Vice-President of Business Development: Marc G. Blythe, P.Eng.
Rockhaven Resources Ltd. currently holds interests in 11 mineral exploration properties in Yukon Territory.
The junior focused in 2012 on the Klaza property in central Yukon, which hosts seven parallel, 1-75 meters wide, structural zones of gold-silver mineralization with a cumulative mineralized strike length of 6,100 meters.
The zones consist of quartz-sulphide veins, breccias and fracture networks, which are spatially associated with quartz-feldspar porphyry dykes that intrude granitic country rocks.
The zones, which exhibit exceptional lateral continuity, collectively form a 1.5-kilometer-wide by 8-kilometer-long northwesterly-trending structural corridor.
Diamond drilling of 8,000 meters began in early June intended to test several unexplored anomalies on the 60-square-kilometer (23.2 square miles) property and expand the Klaza and BRX zones.
Concurrent with the drilling, about 5,000 meters of excavator trenching was conducted along strike of the known zones and to test other targets on the property.
Soil geochemical surveys and prospecting was also completed in other areas of the property to define additional targets for drilling or trenching.
By mid-August, Rockhaven had four skid-mounted diamond drills testing the seven main zones and flanking subsidiary structures.
Of the 50 holes completed by Aug. 23, 48 intersected targeted precious metal zones, and all zones remained open for expansion along strike in both directions and at depth.
Together, they form a 1.5-kilometer-wide-by-8-kilometer-long northwesterly-trending structural corridor.
To date, drilling and trenching have tested less than 20 percent of the Klaza project's prospective target area.
Rockhaven Aug. 27 said it would raise another C$2 million in a private placement to finance additional 2012 drilling at Klaza.
Cash and short-term deposits: C$5.44 million (April 30, 2012)
Working capital: C$6.98 million (April 30, 2012; raised C$2.02 million in a July private placement)
Market capitalization: C$18.32 million (Sept. 2, 2012)
Suite 1016 - 510 West Hastings Street
Vancouver, BC Canada V6B 1L8
Tel: 604 688-2568 Fax: 604 688-2578
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