Rockhaven Resources Ltd.
TSX VENTURE : RK

Rockhaven Resources Ltd.

January 24, 2011 08:30 ET

Rockhaven Resources Ltd. Announces Additional Positive Diamond Drill Results at Klaza, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 24, 2011) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce the final assay results from diamond drilling that was completed in fall 2010 at its wholly-owned and road accessible Klaza property, which is located in the Dawson Range Gold Belt of central Yukon Territory. A total of 1641 m of diamond drilling was completed in eleven holes during the 2010 program. 

KL-10-10 is the third drill hole that tested the full width of the Klaza Zone. It intersected 1.04 g/t gold and 14.7 g/t silver over 33.30 m and 1.51 g/t gold and 7.4 g/t silver over 9.30 m. These zones are hosted within a broader interval which averaged 0.70 g/t gold and 8.3 g/t silver over 74.30 m. This hole was collared 125 m east of the previously announced KL-10-03 (see News Release dated November 1, 2010), which returned 2.29 g/t gold and 36.1 g/t silver over 19.75 m and 225 m east of the previously announced KL-10-07 (see News Release dated December 14, 2010) which returned 7.20 g/t gold and 260.0 g/t silver over 15.30 m. The Klaza Zone remains open to extension downdip and along strike in both directions.

Drill holes KL-10-08 and KL-10-09 explored below high grade vein zones discovered by excavator trenching. KL-10-08 intersected two mineralized structures with the best intercept returning 14.25 g/t gold and 15.6 g/t silver across 1.00 m. KL-10-11 tested a broad chargeability anomaly that was identified in the southeast portion of the property. It intersected a strongly clay altered granodiorite hosting disseminated pyrite and sheeted quartz veinlets within the core of the chargeability anomaly, which averaged 0.61 g/t gold and 6.8 g/t silver over 22.20 m.

Based on the extremely encouraging results from the 2010 exploration program at Klaza, Rockhaven is planning an 8000 m diamond drilling program to commence with two drills in spring 2011. Rockhaven recently closed a $6,000,000 financing to fund this program. The company is also pleased to announce that it has doubled its property holdings through the staking of 143 additional mineral claims. The company now holds 100% interest in 305 claims that cover approximately 60 sq kms.

Significant assay results from the 2010 diamond drilling are shown in the following table:

Hole ID From (m) To (m) Interval (m)º Gold (g/t) Silver (g/t) Gold Equiv. (g/t) +
 
KL-10-02* 21.61 22.96 1.35 1.06 19.6 1.5
KL-10-02* 25.47 28.08 2.61 0.51 52.1 1.6
KL-10-02* 52.38 55.79 3.41 0.96 10.8 1.2
KL-10-02* 79.16 81.91 2.75 0.06 33.5 0.7
 
Hole ID From (m) To (m) Interval (m)º Gold (g/t) Silver (g/t) Gold Equiv. (g/t) +
 
KL-10-03* 32.96 35.50 2.54 4.34 71.2 5.8
KL-10-03* 62.08 112.36 50.28 1.10 23.5 1.6
Including 62.08 64.75 2.67 2.41 130.1 5.0
Including 86.93 106.68 19.75 2.29 36.1 3.0
Including 86.93 89.55 2.62 13.05 143 15.9
 
KL-10-04* 97.60 111.00 13.40 0.74 9.1 0.9
Including 109.83 111.00 1.17 5.07 53.6 6.1
             
KL-10-05* 20.41 48.90 28.49 0.77 14.8 1.1
Including 20.41 24.38 3.97 4.57 51.6 5.6
KL-10-05* 79.20 81.16 1.96 1.47 95.1 3.4
 
KL-10-06* 21.64 25.00 3.36 32.52 34.3 33.2
 
KL-10-07* 33.50 34.50 1.00 1.91 38.5 2.7
KL-10-07* 57.80 58.80 1.00 5.51 107 7.7
KL-10-07* 128.00 164.50 36.50 3.23 117.7 5.6
Including 134.00 149.30 15.30 7.20 260.0 12.4
Including 138.50 139.50 1.00 39.3 709 53.5
Including 146.77 149.30 2.53 24.7 1087.0 46.4
             
KL-10-08 12.50 15.54 3.04 2.51 6.7 2.6
KL-10-08 35.00 36.00 1.00 14.25 15.6 14.6
 
KL-10-09 25.40 26.40 1.00 2.89 78.0 4.5
 
KL-10-10 137.00 211.30 74.30 0.70 8.3 0.9
Including 137.00 146.30 9.30 1.51 7.4 1.7
Including 137.00 139.15 2.15 3.81 21.5 4.2
Including 145.10 146.30 1.20 4.12 7.8 4.3
Including 178.00 211.30 33.30 1.04 14.7 1.3
Including 178.00 179.00 1.00 8.78 182 12.4
Including 203.00 204.00 1.00 3.81 19.8 4.2
Including 210.00 211.30 1.30 12.9 181 16.5
 
KL-10-11 88.00 89.00 1.00 0.45 99.2 2.4
KL-10-11 110.20 111.20 1.00 2.25 25 2.8
KL-10-11 163.68 219.00 55.32 0.39 3.9 0.5
Including 179.00 201.20 22.20 0.61 6.8 0.7
KL-10-11 218.00 219.00 1.00 2.66 8.2 2.8

* Indicates previously announced drill hole
+ Gold Equiv. (g/t) = gold (g/t) + [silver (g/t)×conversion factor of 0.02] where the conversion factor is calculated by value/oz silver ÷ value/oz gold using $28/oz silver and $1,400/oz gold. Gold Equiv. value assumes 100% recovery of both gold and silver.
º Interval represents the downhole intersection length and true widths are estimated to be approximately 90% of the interval

The Klaza property is situated in an active placer gold mining camp and historical hard rock gold and silver mining district. Systematic excavator trenching and widely spaced diamond drilling have only been done in approximately 5% of the 60 sq km property. Four laterally contiguous zones have been defined within a 1500 m wide, northwesterly trending structural corridor. The individual zones have been traced by excavator trenching and drill holes over strike lengths of 500 to 1000 m. All are open to extension.

Rockhaven has posted maps and sections illustrating drill hole locations, cross-section interpretations and soil geochemical results from the 2010 exploration program at www.rockhavenresources.com.

Core samples from the Klaza property are being processed in 36 sample batches with each batch including two assay standards, two blank samples, and one duplicate sample. Analytical work is being done by ALS Chemex with sample preparation in Whitehorse and assays and geochemical analyses in North Vancouver. All core samples were initially analyzed for gold by fire assay followed by atomic absorption (Au-AA24) and 35 other elements by inductively coupled plasma-atomic emission spectroscopy (ME-ICP41). Overlimit values for gold were determined by fire assay and gravimetric finish (Au-GRA22) and silver values were determined using Ag-OG62. The average gold and silver grades reported for holes KL-10-01 through KL-10-11 are calculated from the assay results. All standard, blank and duplicate samples passed QAQC reviews.

The 2010 program was conducted by Archer, Cathro & Associates (1981) Limited. Technical information in this news release has been reviewed by Heather Smith, B.Sc., P.Geo., a qualified person for the purpose of National Instrument 43-101.

Rockhaven Resources Ltd. is a strongly managed Canadian mineral exploration company focused on growth through the acquisition of advanced stage projects. For additional information concerning Rockhaven Resources Ltd. or its various exploration projects please visit Rockhaven's website at www.rockhavenresources.com

CAUTIONARY NOTE: This news release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Rockhaven are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Rockhaven are those risks described herein and from time to time, in the filings made by Rockhaven with Canadian securities regulators. Those filings can be found on the Internet at http://www.sedar.com.

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