GoldHaven Prepares for Phase 1 Drilling at Rio Loa and Outlines Work Programs at Coya, Alicia and Roma Properties
January 22, 2021
Vancouver, British Columbia, January 22, 2020 – GoldHaven Resources Corp. (“GoldHaven” or the “Company”) (CSE: GOH) (OTCQB: GHVNF) (FRA: 4QS) reports that GoldHaven crews are finalizing preparations for Rio Loa to commence GOH’s 5000m Phase I drill program. GOH crews are also mobilizing equipment to conduct a trenching program at the Coya, Alicia and Roma projects to include rock sampling and geophysics.
Trenching conducted at Rio Loa in December 2020 exposed additional hydrothermal breccias within the Miocene age basement volcanics, volcanic breccias, epiclastic units with arenaceous sediments and dacitic domes, below a thin cover of young post-mineral volcanics. Opaline silica and minor kaolinite clay, typically associated with the steam heated alteration zone were also found within the newly discovered hydrothermal breccia zones.
These hydrothermal breccias are important as they form the host rocks to the gold and silver mineralization in deposits such as the Gold Field’s Salares Norte project located 25km to the north of the Rio Loa property.
Further south, our Coya project is an epithermal high sulfidation project in close proximity to both Arqueros (1.9M ounces) and La Coipa (6.2M ounces). Shallow colluvial cover is present over most of the project; however, there are areas with abundant float and sub-crop exhibiting vuggy silica and silicified breccias with high gold and silver values.
Historical sampling on the property has yielded rock chip samples of up to 764 g/t Au and 719 g/t Ag (Highlights of a 796 rock chip sampling program conducted in 2017-2018). (Historical highlights of a 796 rock chip sampling program conducted in 2017-2018, Public Source: Kingsgate Consolidated annual report June 2018).
Two induced polarization (IP) lines were surveyed in 2019 by Argali Geophysics and yielded a strongly resistive cap over an area of abundant silicified hydrothermal breccia float and vuggy silica. This could represent a Au-Ag mineralized sub-horizontal lithologic replacement style mineralization similar to nearby deposits.
A shallow chargeability zone coincident with the high resistivity cap may indicate disseminated sulfides in an intensely silicified rock. Underlying low chargeabilities are likely related to oxidation of more porous material. A large, deep chargeability anomaly is also present.
Patrick Burns, GoldHaven’s Head of Exploration stated that “We are a district play in one of the most prospective gold districts in the world. Our seven projects and our unique land-position (251 square km’s) are starting to yield attractive targets. The world-class exploration team is now complete and ready to start to our exploration campaigns.”
About GoldHaven Resources Corp.
GoldHaven Resources Corp. is a Canadian junior exploration company active in the Maricunga Gold Belt of northern Chile. The Maricunga measures 150 km north-south and 30 km east-west and is host to discoveries in the last ten years of 100M oz gold, 450M oz silver and 13 billion lbs copper. The Company has agreements in place to acquire seven high priority exploration targets as identified by geological studies. GoldHaven has identified four of these seven properties as being “High Priority” targets and, will commence a drilling program beginning during the first quarter of 2021. The four priority targets include Coya located approximately 16 km northeast of the La Coipa mine where Kinross has extracted over 6.2 million oz.; the second is Rio Loa, a project located 25 km south of Gold Field’s Salares Norte deposit (5.2 M oz. AuEq); the third and fourth projects are Alicia and Roma which are approximately 35 km south of the Salares Norte deposit. These priority targets have been designated as High Priority owing to the extensive pervasive alteration, favourable geology and highly anomalous rock geochemistry results as well as their relative proximity to existing deposits.
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