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Tuesday, May 30, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


Rockhaven Resources reports high-grade intercepts at Yukon gold project

One of the holes yielded 43.2 g/t gold and 137 g/t silver over 1.2 m

Rockhaven Resources reports high-grade intercepts at Yukon gold project
Geologists at the Klaza project, Yukon Territory. Photo via Rockhaven Resources

Rockhaven Resources Ltd. (TSX-V: RK) has reported notable gold and silver discoveries from its 2022 exploration program in the southern section of the Yukon Territory.

On Monday, the Vancouver-based company announced that one of its drill holes at the Klaza gold project’s Western BRX Zone yielded 43.2 g/t Au and 137 g/t Ag over 1.2 metres.

A hole located approximately 800 metres north of that discovery at the site’s Western Klaza Zone also yielded 7.4 g/t Au and 183 g/t Ag over 4.2 metres.

Read more: Calibre Mining finds robust drill results from Golden Eagle project

Read more: Calibre Mining offers a ‘very attractive’ value-risk proposition: Haywood Securities

The company’s 2022 drill program involved the use of two diamond drill rigs that completed about 12,000 metres of drilling throughout 69 holes. Rockhaven released results from eight holes today and results from 39 holes drilled last year are still pending.

“The Western BRX and Western Klaza zones could potentially be attractive as two of the centres for early mining in any development scenario developed at Klaza, due in part to their high-grade nature and excellent continuity along strike and down-dip,” said Matt Turner, President and CEO of Rockhaven.

“The infill drill holes completed this summer at these zones all intersected significant mineralization. The strongest result came from the core of the Western BRX Zone, with a high-grade gold intercept of 43 g/t gold and 137 g/t silver over 1.2 m in hole KL-22-593,” added Turner.

Rockhaven’s stock rose by 21.43 per cent today to $0.085 on the TSX Venture Exchange.

Read more: Calibre Mining Pan Mine assays show strong potential for Coyote mine target

Read more: Calibre Mining 2022 operating results show year-round gold production of 222K ounces

Calibre Mining (TSX: CXB) (OTCQX: CXBMF) is another Vancouver-based gold producer that has been having success with its recent drill programs.

The company has been finding high-grade discoveries at its mining sites in Nevada, Washington and Nicaragua and generated a total of approximately 222,000 ounces of gold last year.

Calibre conforms to the World Gold Council’s Responsible Gold Mining Principles.

Calibre’s stock value increased by 0.9 per cent today to $1.12 on the TSX.


Calibre Mining is a sponsor of Mugglehead news coverage


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