Rockhaven Resources Ltd.
TSX VENTURE : RK

Rockhaven Resources Ltd.

December 14, 2010 08:30 ET

Rockhaven Resources Ltd. Intersects 7.20 g/t Gold and 260.0 g/t Silver Over 15.30 Metres and 32.52 g/t Gold Over 3.36 Metres in Two Separate Zones at Klaza, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2010) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce assay results from four more diamond drill holes that were 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.

KL-10-07 is the second drill hole that tested the full width of the Klaza Zone. It intersected 7.20 g/t gold and 260.0 g/t silver over 15.30 m, within a broader zone which averaged 3.23 g/t gold and 117.7 g/t silver over 36.50 m. This hole pierced the zone 110 m downdip of a trench that averaged 2.87 g/t gold and 42.3 g/t silver over 20.10 m. KL-10-07 was collared 100 m west 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 within a broader interval averaging 1.10 g/t gold and 23.5 g/t silver over 50.28 m. The Klaza Zone remains open to extension downdip and along strike in both directions.

Drill holes KL-10-04 to -06 explored below veins and bulk tonnage targets exposed in trenches at other zones on the property. The most significant result in these holes was from KL-10-06, which tested below a vein discovered on the northern edge of the BRX Zone. The vein was intersected 25 m downdip of the discovery trench and returned 32.52 g/t gold and 34.3 g/t silver over 3.36 m.

Based on these extremely encouraging results, 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. 

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
 
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
* 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. 
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 10% of the 30 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.

A total of 1641 m of diamond drilling was completed in eleven holes during the 2010 program. Assays have been received from seven of the eleven diamond drill holes. The remaining holes from the 2010 drill program will be announced upon receipt of assays and are expected sometime in the new year.

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-10-07 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 or contact:

Matthew Turner, CEO

Rockhaven Resources Ltd.

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.

Neither the TSX Venture Exchange nor its Regulation Services Proivder (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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