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Rockhaven Starts Diamond Drill Program at Its Klaza Gold-Silver Project, Yukon
VANCOUVER, BC / ACCESSWIRE / August 12, 2020 / Rockhaven Resources Ltd. (TSXV:RK) ("Rockhave...
About this update from Rockhaven Resources Ltd.
[{"type":"text","content":"Rockhaven Starts Diamond Drill Program at Its Klaza Gold-Silver Project, YukonVANCOUVER, BC / ACCESSWIRE / August 12, 2020 / Rockhaven Resources Ltd. (TSXV: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 the 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 construction 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, Rockhaven'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 located 3 km south of the Klaza Deposit 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 k...