Rockhaven Identifies New Bonanza Grade Gold-Silver and Extends High-Grade Mineralization to Depth at Klaza Project, Yukon 59.8 g/t gold and 425 g/t silver over 0.40 m – Pearl Zone
1016 – 510 West Hastings Street
Vancouver, BC V6B 1L8
604-687-2522
www.rockhavenresources.com
Rockhaven Identifies New Bonanza Grade Gold-Silver and Extends
High-Grade Mineralization to Depth at Klaza Project, Yukon
59.8 g/t gold and 425 g/t silver over 0.40 m – Pearl Zone
February 18, 20 21 - Rockhaven Resources Ltd. (TSX-V:RK) (“Rockhaven”) is pleased to
announce assay results from the remainder of the 2020 diamond drill program at its 100%-owned
and road accessible Klaza property, located in the Dawson Range Gold Belt of southern Yukon.
The 2020 exploration program was designed to test new vein targets via 6,042 m of diamond
drilling in 22 holes . The drilling focused on targets outside of the known Klaza Au-Ag
Intermediate Sulphidation Deposit including the Rusk, Pearl, Etzel and Victoria targets. One
hole was drilled below the Klaza Deposit to test for depth potential.
“I am excited that our 2020 program, designed to test new vein field targets within 3 km of the
Au-Ag Klaza Deposit, yielded new high -grade vein discoveries ,” stated Matt Turner,
Rockhaven’s President and CEO. “ An aggressive drilling program is scheduled to begin in May
to follow-up the new discoveries, with an emphasis on the Rusk Vein Complex where there is
excellent potential to rapidly outline near-surface gold and silver resources and to test the Klaza
Deposit to depth where we have now documented mineralization to a vertical depth of 450 m.
The goal of the 2021 drill progr am will be to de -risk and build upon the excellen t economics
outlined in the Preliminary Economic Assessment released in July 2020.”
Assay highlights from this press release and the January 13, 2021 press release include:
Pearl Zone
59.8 g/t gold and 425 g/t silver over 0.40 m
Rusk Zone
16.35 g/t gold, 321 g/t silver, 1.98% lead and 1.01% zinc over 0.63 m
2.05 g/t gold, 129 g/t silver, 2.29% lead and 4.67% zinc over 5.65 m
1.42 g/t gold, 30.7 g/t silver, 0.48% lead and 0.60% zinc over 9.80 m
Klaza Zone (to a vertical depth of 450 m)
3.18 g/t gold and 43.52 g/t silver over 2.00 m
Etzel Zone
9.69 g/t gold and 82.74 g/t silver and 2.62% copper over 1.50 m
0.25 g/t gold and 17.2 g/t silver over 81.63 m including 838 g/t silver over 1.50 m
Key highlights from the 2020 drill program are further outlined below.
Rusk Zone (ten holes drilled in 2020)
2
A fence of ten drill holes was completed at the Rusk Target in 2020 to test a 2.6 sq km, highly
elevated arsenic-in-soil anomaly which had previously never been drill tested. The assessment
was very successful with the discovery of numerous mineralized structures, including a wide
zone that was pierced in the upper portion of the third hole (KL-20-470 averaged 1.42 g/t gold,
30.7 g/t silver, 0.48% lead and 0.60% zinc over 9.80 m) and the lower portion of the fourth
hole (KL-20-471 returned 2.05 g/t gold, 129 g/t silver, 2.29% lead and 4.67% zinc over 5.65
m). These zones may be part of the same structure and will be one of the main focuses of 2021
follow-up drilling.
Resource Expansion Potential Down-Dip on Klaza Zone (one hole drilled in 2020)
KL-20-487 was designed to test the Central Klaza Zone, one of the four main sub-zones that host
the mineral resources at Klaza, at a 450 m vertical depth – 125 m deeper than the resource
outline. Five discrete mineralized vein structures were intersected in this hole, including an
interval that yielded 3.18 g/t gold and 43.5 2 g/t silver over 2.00 m (450 m below surface and
125 m deeper than any other hole in this zone). This intersect is highly significant because it
further confirms the expansion potential below the Klaza Deposit mineral resources.
Pearl Zone (three holes drilled in 2020)
Three holes were drilled at the Central Pearl Zone (400 m north of the Klaza Deposit ) and were
designed to test the eastern extension of high-grade veins discovered in 2019 drilling that yielded
5.28 g/t gold and 1,054 g/t silver over 1.60 m.
In 2020 drilling, hole KL-20-480 cut 59.8 g/t gold and 425 g/t silver over 0.40 m toward the
bottom of the hole after encountering numerous gold -silver bearing zones across its length .
Drilling at the Pearl Zone is still widely spaced, yet high-grade intervals have been encountered
in seven of the eight holes drilled to date. Priority follow -up is recommended to systematically
define the best portions of this >1 km long structure to assess resource potential.
Etzel Zone (five holes drilled in 2020)
The Etzel Zone, located 2 km east of the Klaza Deposit , is defined by a large Au-As anomaly.
High-grade structures were intersected including 9.69 g/t gold , 82.74 g/t silver and 2.62%
copper across 1.50 m (KL-20-483) and 838 g/t silver over 1.50 m (KL-20-484).
Of note, two holes spaced 200 m apart encountered widespread, anomalous gold and silver
mineralization. KL -20-484 returned 0.25 g/t gold and 17.21 g/t silver over 8 1.63 m and KL-
20-489 averaged 0.15 g/t gold and 0.7 g/t silver across 162.51 m . Further exploration is
definitely warranted at t he Etzel Zone, especially towards the southeast, where no exploration
work has yet been conducted.
Victoria Zone (two holes drilled in 2020)
The Victoria Zone, discovered in 2017 by prospecting and excavator trenching, is located 1.5 km
east of the Klaza Deposit. Rock samples of vein float collected from a series of parallel gullies
have yielded numerous high -grade results, including 35.30 g/t gold with 1,145 g/t silver and
3
12.10 g/t gold with 2,360 g/t silver. Two holes were drilled in 2020 below the western
projections of these samples, with the most southerly hole (KL-20-485) intersecting 9.8 g/t gold
and 50.2 g/t silver over 0.50 m.
Intermediate & Low Sulphidation Vein Style
Mineralized vein zones on the Klaza property typically consist of galena, sphalerite, pyrite and
arsenopyrite hosted in a quartz -carbonate gangue. The vein system is multi -episodic with both
Intermediate Sulphidation and Low Sulphidation Epithermal Veins. All veins are largely open
for expansion vertically and along their pr ojected trends. Detailed maps showing the drill hole
locations and cross-sections pertaining to this release can be viewed on the Rockhaven website at
www.rockhavenresources.com.
Significant assays from the 2020 drill holes are shown in the following table.
Zone
ID
Drill Hole From
(m)
To
(m)
Interval
(m)+
Gold
(g/t)
Silver
(g/t)
Lead
(%)
Zinc
(%)
Rusk KL-20-468* 65.38 65.94 0.56 1.05 19.45 0.45 1.03
and 162.75 163.35 0.60 1.26 104.00 1.18 0.82
and 191.91 192.56 0.65 2.94 24.70 0.28 0.36
and 228.60 229.33 0.73 1.11 2.53 0.07 0.06
and 260.55 261.1 0.55 0.96 121.00 2.67 4.62
and 325.60 326.70 1.10 1.08 1.60 0.01 0.34
and 337.00 338.35 1.35 2.49 3.36 0.01 0.40
Rusk KL-20-469* 82.63 83.63 1.00 2.10 656.60 12.98 6.17
Rusk KL-20-470* 35.40 45.20 9.80 1.42 30.66 0.48 0.60
incl. 35.40 36.15 0.75 4.51 118.00 1.82 1.99
and incl. 40.06 41.00 0.94 4.67 122.00 1.84 2.57
and 59.00 61.40 2.40 2.56 61.44 0.49 0.48
incl. 60.00 60.40 0.40 12.30 276.00 1.72 1.74
and 97.82 98.30 0.48 2.22 35.10 0.48 0.31
and 123.90 124.53 0.63 16.35 321.00 1.98 1.01
Rusk KL-20-471* 59.50 61.50 2.00 2.26 227.43 1.43 1.57
incl. 61.00 61.50 0.50 7.08 884.00 5.37 5.79
and 201.00 206.65 5.65 2.05 129.00 2.29 4.67
and 217.20 217.70 0.50 0.45 705.00 1.36 0.60
Rusk KL-20-473* 53.50 56.70 3.20 1.37 279.98 0.12 0.11
incl. 53.50 54.20 0.70 4.43 1230.00 0.51 0.41
and 115.80 117.17 1.37 6.17 229.76 0.84 0.57
incl. 116.67 117.17 0.50 16.15 581.00 2.06 1.26
Rusk KL-20-475* 132.60 136.00 3.40 0.58 147.05 0.14 0.41
incl. 132.60 133.10 0.50 1.14 712.00 0.53 0.92
and 177.50 178.00 0.50 1.30 288.00 3.49 1.59
4
and 227.87 228.47 0.60 2.07 4.51 0.00 0.01
Rusk KL-20-476* 266.30 266.80 0.50 2.10 40.60 0.67 0.78
and 269.75 270.55 0.80 1.34 128.00 0.82 1.59
Pearl KL-20-477 88.00 88.50 0.50 1.49 6.25 0.02 0.05
and 118.70 119.25 0.55 4.50 235.00 0.33 0.32
and 128.80 130.09 1.29 2.37 24.90 0.40 0.95
and 162.40 163.50 1.10 1.48 49.50 0.29 2.12
incl. 163.00 163.50 0.50 2.32 95.00 0.52 4.53
and 185.80 186.30 0.50 1.77 186.00 3.63 0.51
and 207.95 208.50 0.55 1.035 31.80 0.81 2.60
Rusk KL-20-478* 290.00 291.50 1.50 1.30 8.12 0.04 0.19
Pearl KL-20-479 185.10 185.60 0.50 1.63 78.50 1.77 0.94
and 223.55 224.05 0.50 2.59 256.00 0.16 0.19
and 237.45 237.95 0.50 2.42 185.00 0.62 0.62
and 249.65 250.15 0.50 4.49 22.30 0.11 0.26
and 260.40 260.90 0.50 2.09 37.10 0.14 0.13
and 281.10 281.60 0.50 1.86 53.00 0.11 0.14
and 283.00 283.50 0.50 1.18 45.10 1.00 0.49
and 306.20 306.70 0.50 1.27 9.50 0.04 0.08
Pearl KL-20-480 21.13 22.63 1.50 2.41 54.70 1.20 0.12
incl. 21.13 21.63 0.50 6.28 35.50 0.19 0.17
and 60.00 60.50 0.50 1.89 28.70 0.44 0.52
and 135.00 135.50 0.50 4.75 460.00 7.40 2.32
and 151.45 151.95 0.50 1.46 12.35 0.05 0.02
and 157.00 157.50 0.50 1.68 6.06 0.08 0.10
and 162.25 162.75 0.50 1.54 98.10 2.10 1.29
and 165.05 165.55 0.50 1.04 49.00 0.64 1.24
and 175.25 175.75 0.50 1.18 52.30 0.60 0.20
and 192.30 192.80 0.50 3.13 12.45 0.16 0.92
and 204.85 209.60 4.75 1.20 64.70 0.74 0.78
incl. 204.85 206.45 1.60 2.04 97.90 0.93 1.02
and incl. 209.30 209.60 0.30 7.49 488.00 6.52 6.12
and 242.35 242.75 0.40 59.8 425.00 0.74 0.13
Victoria KL-20-482 244.30 244.60 0.30 1.28 4.40 0.05 0.14
and 296.75 297.55 0.80 3.65 52.51 0.57 1.22
incl. 296.75 297.05 0.30 9.40 128.00 1.42 3.14
Etzel
KL-20-483 129.25 131.50 2.25 6.57 58.89 0.01 0.10
incl. 130.54 131.50 0.96 12.80 58.40 0.02 0.17
and 148.00 149.00 1.00 1.16 8.94 0.01 0.02
and 182.40 182.90 0.50 2.31 13.05 0.08 0.19
and 245.00 248.00 3.00 1.70 16.28 0.15 0.18
incl. 246.00 246.50 0.50 6.11 57.70 0.44 0.54
5
Etzel KL-20-484 6.15 87.78 81.63 0.25 17.21 0.01 0.03
incl. 22.50 24.00 1.50 1.12 0.29 0.01 0.01
and incl. 78.25 79.75 1.50 0.13 838.00 nil 0.01
and incl. 85.00 86.50 1.50 1.56 8.36 0.01 0.01
Victoria KL-20-485 5.50 7.50 2.00 2.68 17.00 0.06 0.04
incl. 7.00 7.50 0.50 9.80 50.20 0.22 0.06
and 115.60 116.10 0.50 1.08 29.80 0.18 0.39
and 130.10 130.60 0.50 1.48 235.00 0.11 0.18
and 155.60 156.10 0.50 1.82 1.90 0.01 0.13
Klaza KL-20-487 149.10 150.10 1.00 1.12 27.90 0.75 0.35
and 234.30 238.20 3.90 1.20 9.95 0.09 0.54
incl. 237.50 238.20 0.70 4.08 46.20 0.37 2.55
and 275.40 277.45 2.05 1.49 82.76 0.32 1.62
incl. 276.90 277.45 0.55 4.68 303.00 1.04 5.54
and 308.75 309.25 0.50 1.52 9.16 0.14 0.90
and 413.60 414.95 1.35 1.66 7.98 0.02 0.30
and 487.65 488.15 0.50 1.74 61.90 0.09 1.36
and 515.60 516.10 0.50 5.09 8.17 0.02 0.14
and 528.10 530.10 2.00 3.18 43.52 0.04 0.07
incl. 528.10 528.60 0.50 5.03 74.50 0.06 0.03
and 607.90 608.30 0.40 2.13 382.00 0.78 4.11
and 614.83 615.83 1.00 1.55 182.82 0.40 2.02
and 687.75 688.15 0.40 2.39 22.30 0.16 0.25
and 775.56 776.06 0.50 1.24 8.49 0.22 0.34
Etzel KL-20-488 124.00 124.50 0.50 1.57 9.97 0.01 0.02
and 127.35 128.00 0.65 1.37 0.52 nil 0.03
and 168.90 169.40 0.50 2.56 51.60 0.02 0.01
Etzel KL-20-489 5.79 168.30 162.51 0.15 0.70 0.01 0.02
incl. 152.25 153.31 1.06 2.81 0.95 nil 0.01
+ Represents the diamond drill hole core length. True widths are unknown at this time, although the majority of vein intersects had
contacts that were at or near perpendicular to core axis.
*Represents 2020 drill holes previously announced (see Rockhaven Press Release dated January 13, 2021).
KL-20-469 was terminated early due to poor ground conditions
KL-20-472, -481 and -486 did not return significant assay results
KL-20-474 was lost in overburden
KL-20-484 was terminated early due to poor ground conditions and ended in mineralization
QA/QC
All analyses for rock and core samples from the 2020 program were performed by ALS Minerals
with sample preparation in Whitehorse and assays and geochemical analyses in North
Vancouver. Core samples were routinely analyzed for gold by fire assay followed by atomic
absorption (Au-AA24) and 48 other elements by inductively coupled plasma -mass spectrometry
(ME-MS61). Samples that exceeded the detection limits of the routine methods were assayed for
silver, copper, lead and zinc by inductively coupled plasma -atomic emission spectroscopy
(Ag/Cu/Pb/Zn - OG62) and gold by gravimetric analysis (Au -GRA22). Rigorous procedures
6
were in place re garding sample collection, chain of custody and data entry. Certified assay
standards, coarse reject duplicates, field duplicates and blanks were routinely inserted into the
sample stream to ensure integrity of the assay process. All of the results reporte d have passed the
QA/QC screening.
Qualified Persons
Technical information in this news release has been approved by Matthew R. Dumala, P.Eng., a
geological engineer with Archer, Cathro & Associates (1981) Limited and qualified person for
the purpose of National Instrument 43-101.
About Rockhaven
Rockhaven Resources Ltd. is a well-funded explorer focused on the exploration and
development of its 100%-owned, camp-scale Klaza Property, which hosts the Klaza Deposit and
numerous lightly explored exploration targets. The Klaza Deposit has indicated resources of 4.5
Mt containing 686,000 oz gold and 14,071,000 oz silver at grades of 4.8 g/t gold and 98 g/t
silver, and inferred resources of 5.7 Mt containing 507,000 oz gold and 13,901,000 oz silver at
grades of 2.8 g/t gold and 76 g/t silver . An updated Preliminary Economic Assessment of the
Klaza Deposit returned a Post -Tax NPV (5%) of CAD$378 million and an IRR of 37%, using
US$1450/oz gold and US$17/oz silver (see Klaza Property Technical Report with an effective
date of July 10, 2020 and titled, “Technical Report and Preliminary Economic Assessment
Update for the Klaza Property, Yukon, Canada.” which can be viewed at www.sedar.com under
the Rockhaven profile or on the Rockhaven website at www.rockhavenresources.com.).
Matthew Turner
President, CEO and Director
Rockhaven Resources Ltd.
T:604-687-2522
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward looking statements based on assumptions and judgments of management
regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors
beyond its control, and actual results may differ materially from the expected results.