Mining News: Northern Neighbors: Klaza drilling expands open-pit potential

Rockhaven Resources Ltd. Sept. 26 reported another batch of results from a recently completed drill program at its Klaza gold-silver property in southern Yukon Territory. Highlights from this drilling include 4.32 meters averaging 17.01 grams per metric ton gold and 121 g/t silver in hole 317; 8.09 meters averaging 3.48 g/t gold and 88.4 g/t silver in hole 318; and 2.46 meters of 10.25 g/t gold and 52.9 g/t silver in hole 337. The 2016 drill program focused on better defining and expanding near -surface mineralization adjacent to open pits and declines proposed in a preliminary economic assessment released in March. The majority of drilling was conducted within the Central and Eastern Klaza zones, testing veins located to the east and in the immediate footwall of the proposed open pit. These near-surface veins are particularly attractive targets because most are not included in the current mineral resource estimate or the proposed mine plan presented in the PEA. “The PEA highlighted the importance of high-grade, open pittable resources to project economics. These Central and Eastern Klaza zone results and the recently reported drill intersects from the Rex zone demonstrate that additional discoveries of (this) type can continue to be made at Klaza,” said Rockhaven CEO Matt Turner. “Results from this drilling have exceeded our expectations, further illustrating the deposit’s excellent potential to grow.” The 2016 field program at the Klaza property consisted of 8,427 meters drilled in 44 holes.

-Shane Lasley