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Rockhaven Announces Positive PEA Results for the Klaza Gold-Silver Property, Southern Yukon
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 1, 2016) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce the results of a pos
About this update from Rockhaven Resources Ltd.
[{"type":"text","content":" VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 1, 2016) - Rockhaven Resources Ltd. (TSX VENTURE:RK) (\"Rockhaven\") is pleased to announce the results of a positive Preliminary Economic Assessment (\"PEA\") for its 100%-owned and road-accessible Klaza property, located in the Dawson Range Gold Belt of southern Yukon. The results of the PEA include a pre-tax Net Present Value (\"NPV\") at a 5% discount rate of $150 million with a pre-tax Internal Rate of Return (\"IRR\") of 20% and a post-tax NPV at a 5% discount rate of $86 million and a post-Tax IRR of 14%. AMC Mining Consultants (Canada) Ltd. (mineral resource, mining, infrastructure and financial analysis) was contracted to conduct the PEA in cooperation with Blue Coast Metallurgy Ltd. (metallurgy and processing), Morrison Hershfield (environmental), Knight Piésold (tailings) and H. M. Hamilton & Associates Inc. (concentrate marketing). The PEA is based on the updated Mineral Resource estimate from the Klaza property (see Klaza Property Technical Report dated January 22, 2016). The Technical Report pertaining to this PEA announcement will be filed today with the British Columbia Securities Commission and can be viewed at www.sedar.com under the Rockhaven profile or on the Rockhaven website at www.rockhavenresources.com. PEA Highlights: Highlights from the PEA, with the base case gold price of US$1200/oz and an exchange rate of C$1.00 equal to US$0.75 are as follows (all figures in Canadian Dollars unless otherwise stated): Combination of contractor open pit and owner-operated longhole open stoping underground mining; NPV(5%) of $150 million and an IRR of 20% before tax, and an NPV(5%) of $86 million and an IRR of 14% after tax; 14-year mine life producing total payable metals of approximately 630,000 oz gold, 11,364,000 oz silver, 51,229,000 lbs lead and 52,461,000 lbs zinc; Project capital costs of $262 million, which includes $34 million in contingency costs. Life-of-mine (\"LOM\") sustaining capital costs total $96 million; Centrally located flotation-POX-leach process plant, operating year round at a rate of 1,500 tonnes per day (\"tpd\"); Average mill feed grade of 3.33 g/t Au, 77 g/t Ag, 0.70% lead and 0.80% zinc which equates to a 4.02 g/t AuEQ*; Average LOM operating cash cost of US$652/oz AuEQ* and total all-in sustaining cost of US$966/oz AuEQ*; and, The pro...