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Providing coverage of Alaska and Northwest Canada's mineral industry
September 2016

Vol. 21, No. 38 Week of September 18, 2016

Mining News: Northern Neighbors: Fortuitous discovery; new Klaza zone found

Rockhaven Resources Ltd. Sept. 8 reported the discovery of a new, near-surface gold-rich zone at its Klaza property in the Dawson Range Gold Belt of southern Yukon. The new zone, dubbed Rex, contains three veins. KL-16-314, the first hole drilled at Rex, cut 1.39 meters of 5.9 grams per metric ton gold, 1.74 g/t silver and 0.006 percent copper from 32.61 meters; 1.42 meters of 10.55 g/t gold, 44.7 g/t silver and 0.315 percent copper from 39.75 meters; and 1.48 meters of 7.74 g/t gold, 23.9 g/t silver and 0.641 percent copper from 57 meters. The discovery of these gold-rich structures was made while testing a strong chargeability anomaly at depth within the Kelly porphyry zone. The Rex Zone is distinguished from other vein zones on the property by moderate copper values but only trace to background levels of lead, zinc and arsenic. “The fortuitous discovery of multiple, closely spaced veins in an under-explored part of the property further demonstrates the vast untested potential of the Klaza project,” said Rockhaven CEO Matt Turner. Rex lies 1,100 meters south of the Eastern BRX Zone, the closest of the zones comprising the current mineral resource. Two holes testing the core area of a 2,200- by 2,400-meter chargeability anomaly at the Kelly porphyry zone encountered pyrite with lesser chalcopyrite and rare coarse-grained native arsenic. Assays from intervals within the chargeability anomaly yielded weakly elevated levels of copper and gold. The types of alteration and mineralization identified within these holes are consistent with those in porphyry deposits. Rockhaven said additional drilling is needed to fully test Kelly.

-Shane Lasley






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