The planned 2021 exploration program is fully funded and is scheduled to begin in early June.
Kelly Porphyry Target – Porphyry copper-gold-molybdenum-silver mineralization identified by widely spaced drilling over a 4 km2 area will be the focus of two fences of holes testing chargeability high/resistivity low IP anomalies that coincide with magnetic lows and strong copper, molybdenum and gold soil geochemical anomalies.
Etzel/Cyprus Porphyry Target – This second lightly explored, bulk-tonnage target is located in a valley bottom, southeast of the Kelly Porphyry.
Rusk – This vein complex is located 3 km south of the Klaza deposit and was discovered in 2020 when drilling intersected several zones of gold-silver-lead-zinc mineralization over thicknesses of 1-10 m.
Western BRX Extension – The Western BRX Zone is the highest grade gold zone identified on the property to date and is only lightly explored to the west of the current mineral resource.
Western Chevron – This vein is located south of the Western BRX Zone in the same fault block.
A total of 5,000 m in 33 holes is planned for 2021, which follows up on the previous infill diamond drilling program where upgrading was done at a low cost and resulted in an increase in total contained gold, with the indicated mineral resources having higher average gold grades than the corresponding area previously classified as inferred mineral resources.
The Rusk Target is located 3 km south of the Klaza Deposit and is outlined by a 2.6 km2, highly elevated arsenic-in-soil anomaly, which is adjacent to the largest placer gold mine in the Mount Nansen Gold Camp.
Recent geological studies confirm the presence of intrusive rocks within the Kelly and Etzel/Cyprus areas, which represent a protracted magmatic history spanning 15 million years and are contemporaneous with intrusions associated with other large mineralized hydrothermal systems within the Dawson Gold Belt, including the very large Casino copper-gold porphyry deposit located 100 km northwest of Klaza.
The drill holes are designed to test two trends that host most of the known mineralization in the belt, as well as geophysical features and structural orientations observed in nearby trenches.
The Etzel Zone, located only 1 km east of the Kelly Porphyry, is defined by gold, arsenic and silver-in-soil anomalies.
Drilling at the Etzel Zone in 2020 identified both high-grade structures, which included 9.69 g/t gold, 82.74 g/t silver and 2.62% copper across 1.50 m .
The Western Chevron target lies 700 m to the south of the Western BRX Zone, within the same fault block, which suggests it could have been deposited in a similar hydrothermal environment.
In order to safely carry out the 2021 exploration program, Rockhaven has instituted extensive COVID-19 protocols designed to protect the workers at Klaza and the citizens of nearby communities.
The Klaza Deposit has indicated mineral resources of 4.5 Mt containing 686,000 oz gold and 14.1 million oz silver at grades of 4.8 g/t gold and 98 g/t silver, and inferred mineral resources of 5.7 Mt containing 507,000 oz gold and 13.9 million oz silver at grades of 2.8 g/t gold and 76 g/t silver.
Such factors include, among other things: risks and uncertainties relating to exploration and development, the ability of Rockhaven to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in Rockhaven’s financial statements available under the Rockhaven profile at www.sedar.com.