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As a result of a review by the British Columbia Securities Commission, Rockhaven Resources Ltd. (TSX-V: RK) (“Rockhaven” or the “Company”) is issuing the following news release to clarify its disclosure.
The corporate website, presentation and fact sheet contained references to the 2020 Preliminary Economic Assessment (PEA) results but did not disclose that a portion of the resource used in the PEA considered inferred mineral resources. As per section 2.3(3)(a) of NI 43-101, all references to the 2020 PEA results contain disclosure which cautions readers that the PEA is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.
Additionally, the Company used over promotional language with respect to the sensitivity analysis related to the 2020 PEA and next steps for the project. These statements have been amended and are now in compliance.
Technical information in this news release has been approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National Instrument 43-101.
Rockhaven Resources Ltd. is a well-funded explorer focused on the exploration and development of its 100%-owned, camp-scale Klaza Property, which hosts the Klaza Deposit and numerous lightly explored exploration targets. Rockhaven has completed a mineral resource estimate and a preliminary economic assessment on the Klaza deposit (see Klaza Property Technical Report with an effective date of July 10, 2020 and titled, “Technical Report and Preliminary Economic Assessment Update for the Klaza Property, Yukon, Canada” which can be viewed at www.sedar.com under the Rockhaven profile or on the Rockhaven website at www.rockhavenresources.com).
President, CEO and Director
Rockhaven Resources Ltd.
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