Mining News: Northern Neighbors: Rockhaven aims to improve Klaza PEA in 2016

Rockhaven Resources Ltd. May 17 said its 2016 exploration at the Klaza gold-silver property, located in the Dawson Range Gold Belt of southern Yukon Territory, will include 8,000 meters of drilling and metallurgical test work. “The 2016 program is designed to increase the value of the Klaza project through resource expansion, improved processing and new discoveries,” explained Rockhaven CEO Matt Turner, Rockhaven’s CEO. The work will focus on enhancing the base case assumptions presented in a preliminary economic assessment published for Klaza earlier this year. To accomplish this, the 2016 program aims to: better define and extend areas of near-surface mineralization; test numerous adjacent structures and targets with geochemical and geophysical signatures that are similar to those of the known mineralized zones; explore east of the Klaza deposit within an area that has shown promise to host porphyry-style mineralization; and collect drill core for metallurgical testing to investigate the possibility of reducing processing costs and lowering cut-off grades through pre-concentration. In order to fund the proposed program, Rockhaven has announced plans to raise C$2.5 million through a private placement that will include the sale of up to 8.75 million flow-through units at C20 cents per unit and 4.5 million non-flow-through units at C17 cents per unit.

- Shane Lasley