Rockhaven Starts Diamond Drill Program at its Klaza Gold-Silver Project, Yukon
1016 – 510 West Hastings Street
Vancouver, BC V6B 1L8
604-687-2522
www.rockhavenresources.com
Rockhaven Starts Diamond Drill Program at its Klaza Gold-Silver
Project, Yukon
August 12, 20 20 - Rockhaven Resources Ltd. (TSX-V:RK) (“Rockhaven”) is pleased to
announce the 2020 diamond drill program has started at its 100% -owned and road accessible
Klaza property, located in the Dawson Range Gold Belt of southern Yukon.
The 2020 Klaza exploration program will include a minimum of 6,000 m of diamond drilling .
The focus of th e initial drilling will be to evaluate high-priority targets that lie outside of the
Klaza Deposit. 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).
Preparations for advancing Klaza towards pre-feasibility will also be initiated in 2020, with camp
infrastructure expansion and drill pad and access c onstruction in anticipation of a 25,000 m drill
program slated for 2021.
“Rockhaven plans to build on the robust economics of the recent PEA by testing high -priority
targets elsewhere on our camp-scale Klaza property,” stated Matt Turner, Rockh aven’s CEO.
“We feel it is prudent to test these targets now as promising discoveries can be fast-tracked to
expand inferred mineral resources , before Rockhaven transitions into detailed pre-feasibility
level work next year.”
Diamond drilling will evaluate a number of targets including those described below. Detailed
maps showing the planned drill hole locations can be viewed on the Rockhaven website at
www.rockhavenresources.com.
Rusk Target:
The Rusk Target is l ocated 3 km south of the Klaza D eposit and hosts a 2.6 sq. km , highly
elevated arsenic -in-soil anomaly , which is adjacent to the largest placer gold deposit in the
Mount Nansen Gold Camp. The area of elevated soil geochemistry is transected by linear
magnetic lows and VLF -EM conductors, similar to those marking the main mineralized zones
that comprise the Klaza Deposit. The geochemical and geophysical anomalies have only
recently been identified and have never been drilled. Drilling has already commenced on a ten-
hole drill fence across the heart of the Rusk Target area.
Victoria Target:
The Victoria Target, which was discovered in 2017 by prospecting and excavator trenching, is
situated 1.5 km east of the Klaza Deposit. Samples taken within a series of parallel gullies have
yielded numerous high-grade results, including 35.30 g/t gold with 1,145 g/t silver and 12.10 g/t
gold with 2,360 g/t silver. A total of 14 holes are planned to evaluate this showing as well as a
number of large gold and arsenic -in-soil anomalies that exist further down -slope at targets that
2
include the Etzel and Kelly zones , where there is potential for vein and porphyry -style
mineralization.
Resource Expansion Down-Dip on Klaza Deposit:
The deepest holes that tested each of the four sub-zones containing the Klaza mineral resources
all produced above deposit average grade intercepts. These results include: 11.90 g/t gold over
6.70 m at a depth of 425 m from surface in the deepest hole in the Central Klaza Zone; and ,
16.29 g/t gold and 1,435 g/t silver over 1.37 m at a depth of 450 m below surface in the Western
BRX Zone. At least one, even deeper hole is planned to test each of the four s ub-zones to
demonstrate potential for high-grade resource expansion further to depth on these structures.
Pearl Zone:
Drilling at the Central Pearl Zone will follow up on widely-spaced drill holes completed in 2019,
which included 5.28 g/t gold and 1,054 g/t silver over 1.60 m. Drilling will focus on the eastern
extension of the zone where two prominent structures converge and soil samples returned highly
anomalous gold values. Three holes are planned to test this structural junction, which sits only
500 m north of the Central Klaza Zone, where a similar structural junction cores an open-pit
envisioned in the 2020 Klaza PEA.
In order to safely carry out the 2020 exploration program, Rockhaven has instituted extensive
COVID-19 protocols designed to protect the workers at Klaza and the citizens of nearby
communities. With these protocols in place, Rockhaven hopes to expand the 2020 program from
one to two drill rigs and conduct up to 10,000 m of total drilling. Final decisions on possible
expansion of the program will be made in consultation with local First Nations, after assessing
the effectiveness of the safety protocols.
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 mineral exploration company focused on growth through the
advancement of its Klaza project. For additional information concerning Rockhaven or its Klaza
project please visit Rockhaven’s website at www.rockhavenresources.com.
Matthew Turner
President, CEO and Director
Rockhaven Resources Ltd.
T:604-687-2522
3
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 rele ase 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.