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To: Goose94 who wrote (8772)	8/27/2014 10:17:51 AM
From: Rocket Red	Respond to of 202448

Northern Miner: Rockhaven Resources has high hopes for Klaza http://www.northernminer.com/news/site-visit-rockhaven-has-high-hopes-for-klaza/1003223971/ 2014-08-25 CARMACKS, YUKON — Rockhaven Resources (TSXV: RK) is not the first, second, or even third company to explore the Klaza project in central Yukon, but it is the first company to find what the others had sought: epithermal gold and silver. Over four seasons on site, Rockhaven tracked nine veins on surface, identifying more than 9 km of cumulative strike length. Now the company is focusing on two of those zones to tally an initial resource that is due out by the end of the year. The resource will likely carry an impressive grade, as intercepts like 23.5 grams gold per tonne and 239 grams silver per tonne over 1.7 metres or 66.2 grams gold and 403 grams silver over 1 metre are not uncommon at Klaza. Moreover, Rockhaven now believes the property hosts a particular kind of epithermal mineralization — carbonate base metal (CBM) mineralization — that generally shows much greater vertical extent than other epithermal systems. Indeed, the BRX and Klaza zones each already offer 2.4 km strike and as drills probe deeper, the structures seem to just continue. "We don’t know how much farther it goes on surface or at depth — we’ve just scratched the surface of what’s potentially here," Matt Turner, Rockhaven’s president and CEO, says. "But we’ve pulled some pretty phenomenal holes this year." Rockhaven acquired Klaza for a song in late 2009. The vendor was ATAC Resources (TSXV: ATC), a sister company born of the Archer Cathro family. Archer Cathro is a mineral exploration and engineering firm with a long and highly successful history in the Yukon. At the time, ATAC was just starting to uncover the potential at its Rackla gold project in eastern Yukon, which left little time for other projects like Klaza. Rockhaven had a smattering of interesting projects, but no single property that stood out. Klaza offered that opportunity. Several previous operators had uncovered interesting sniffs at Klaza over the prior 30 years, but each time outside factors — other projects or a resource sector downturn — left the sniffs untested. Rockhaven saw potential not just in Klaza’s geology, but in its location, too. Klaza may be in the Yukon, but it is not remote: Located 50 km west of Carmacks, the project is accessible from the Klondike Highway along a well-established dirt road. The landscape is gently rolling hills with low bushes. Geologically, Klaza is part of the Mt. Nansen gold camp at the south end of the Dawson gold belt. Mt. Nansen hosts four gold-silver deposits that various operators have tried to mine since the 1960s. The gold and silver at Mt. Nansen is undoubtedly related to the metals at Klaza: both were born when a large porphyry body rose up to the south, fracturing the ground for many miles around and sending fluids radiating out along those cracks. At Klaza, the cracks or structures run northwest-southeast and dip steeply to the south. Ready for a resource With continuity confirmed, this year Rockhaven raised $3.1 million and returned to the property with a single goal: to show Klaza’s potential to the market by drilling off a resource. The resource will sit in the project’s two largest and most advanced zones: Klaza and BRX. Both are 2.4 km long, with mineralization starting at surface and plunging steeply to the south. The zones are parallel, roughly 1 km apart, and chopped up at their western ends by two faults sitting about 450 metres apart. "That area between the two faults hosts our highest-grade mineralization — that’s our sweet spot," Turner says. "The grades there are spectacular." While Tarswell agrees the area between those two main faults has returned the best grades to date, he does not think Klaza’s high-grade potential is limited to that area. Read more at stockhouse.com