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Mining Explorers 2013: Rockhaven Resources Ltd.

 

Last updated 11/3/2013 at Noon



RK: TSX-V

Chief Executive Officer: Matthew Turner

Chief Operating Officer: Ian Talbot

Vice-President of Business Development: Marc Blythe

Rockhaven Resources Ltd., which holds interests in 11 mineral exploration properties in Yukon Territory, focused in 2013 on the Klaza property which hosts seven parallel, 1-75 meters wide, structural zones of gold-silver mineralization with a cumulative mineralized strike length of 6,100 meters.

Rockhaven planned 6,000 meters of excavator trenching focused on expanding the strike lengths of the eight main mineralized zones through step-out trenching; better defining key structural controls and mineralization styles through selective infill trenching across some of the main zones; and, discovering new mineralized zones by testing geophysical and soil geochemical anomalies in other areas of the property that have not been systematically explored to date.

Drilling completed by Rockhaven between 2010 and 2012 at the Klaza property has identified eight main mineralized structural zones and numerous subsidiary structures within a corridor that is 1,800 meters wide and 2,400 meters long.

Individually, the main zones range from one to 75 meters in width and are continuously mineralized over strike lengths of 250 meters to 2,400 meters.

The zones have been traced over a cumulative strike length of 8,600 meters and all remain open for expansion along strike and to depth.

Similar anomalies that occur elsewhere on the property were to be tested by trenching for the first time in 2013.

Rockhaven also planned prospecting and geological mapping will be completed in other areas of the property to define additional targets for drilling or trenching.

Baseline environmental and heritage studies will continue to further advance the road-accessible Klaza property toward the permitting process.

Exploration and evaluation costs for the nine months ended July 31, 2013 totaled C$1,176,640.

To assist in funding phase 1 exploration program at Klaza, Rockhaven negotiated a C$500,000 private placement.

The company also planned a follow-up phase 2 program including diamond drilling and geophysical surveys with a total exploration budget for 2013 of about C$1 million.

Cash and short-term deposits: C$1.9 million (July 31, 2013)

Working capital: C$1.7 million (July 31, 2013)

Market capitalization: C$6.8 million

(Sept. 27, 2013)

Suite 1016 - 510 West Hastings Street

Vancouver, BC Canada V6B 1L8

Tel: 604 688-2568 • Fax: 604 688-2578

http://www.rockhavenresources.com

 

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