Canadian Mining Journal

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Rockhaven increases gold estimate at Klaza



VANCOUVER — With over 20 million historical ounces of placer gold scoured out of the gravel creeks across the northern latitudes of the Yukon Territory, Matthew Turner, president, CEO and director of Rockhaven Resources (TSXV: RK), says there’s plenty of gold left to discover – and not all of it is entrained at surface.

The company has seen a 53% increase in the gold resource estimate for its Klaza project, 8 km from the historical Mt. Nansen mine and 50 km west of the town of Carmacks, where gold is confined to narrow, parallel trending veins that carve through the rolling hillside.

“We’re pleased with the resource upgrade, considering we used the same methodology as our previous estimate and doubled the gold ounces,” he says. “We’re the highest grade, +1 million oz gold deposit ever discovered in the Yukon, and we’re quite sure it’s only going to get better.”

Resources at Klaza stand at 9.4 million tonnes at 4.48 g/t Au and 89 g/t Ag for a total of 1.4 million oz of gold and 27 million oz of silver, assuming optimistic prices of US$1,300 gold and US$20 silver.

Read the complete article at NorthernMiner.com/news/rockhaven