GoldHaven to Focus on Canadian Critical Minerals Exploration; Update on Chilean Activities
June 9, 2023
Vancouver, British Columbia – (June 9, 2023) - GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) ("GoldHaven" or the "Company") announces the Company’s intent to focus on critical minerals exploration in Canada, in large part due to the promising results from the 2022 exploration campaigns which included airborne ZTEM and LiDAR surveys on the Company’s title project: Smoke Mountain.
GoldHaven CEO, Bonn Smith states “The global clean energy transition is under way, representing the largest economic transformation since the Industrial Revolution, and GoldHaven is currently in position to play a part. Canada is positioned to become the world’s green supplier of choice for critical minerals, and it would be a shame to not take advantage of this opportunity happening in our own backyard. With the recently identified 2.5-kilometre-long open-ended Cu-Au-Ag-Zn trend coupled with positive airborne geophysics results and forthcoming geochemical results, Smoke Mountain will be the primary focus of this Company moving forward.”
Figure 1. The location of the Smoke Mountain property in the Central BC porphyry-epithermal belt. Note: The mines, deposits, and prospects in this part of BC provide geologic context for the Smoke Mountain property, but are not necessarily an indication that the Property hosts similar grades or tonnages of mineralization.
Smoke Mountain is strategically situated within the Central British Columbia Porphyry- Epithermal Belt; an extensive 85-kilometre polymetallic belt that is highly prospective for gold- silver-zinc epithermal systems and porphyry copper-gold deposits (Figure 1). The region has the potential to host some of the largest copper-polymetallic discoveries in British Columbia.
Exploration activity in this historic mining region is propelled by recent and ongoing expansion of advanced exploration projects and mines including:
- Universal Copper’s Poplar project (18km NE) hosting 236Mt @ 0.37% Cu1
- Surge Copper’s Berg project (15km SW) with reserves of 238Mt @ 0.4% Cu; 0.05% Au2
- Imperial Metals' Huckleberry project (26 km SE) containing 161Mt @ 0.48% Cu3
Note: The mines, advanced exploration and development projects in the Central BC porphyry-epithermal belt, provide geologic context for the Smoke Mountain Property, but are not necessarily indicative that the Project hosts similar grades or tonnages of mineralization.
Update on Chilean Activities
The Company announces that it has ceased all negotiations with Oro Atacama SpA. After several months of negotiations, no deal was reached with respect to the near-production properties Los Sapos, India Coya, and Pepita.
Patrick Burns has resigned from GoldHaven’s Board of Directors. Bertram T. von Plettenberg has also resigned as a Director, but will remain as a Special Advisor to the Company. Mr. Burns, Jack Pritting and Chris Ford have all stepped down from GoldHaven’s Chilean Technical Advisory Board. We thank them for their contributions and wish them well in their future endeavours.
About GoldHaven Resources Corp.
GoldHaven Resources Corp. is a Canadian junior metals exploration Company focused on acquiring and exploring highly prospective land packages in Canada. GoldHaven is making exploration progress at its Smoke Mountain property which is strategically located in the Central British Columbia Porphyry-Epithermal Belt in close proximity to Surge Copper’s Berg project, as well as its Pat’s Pond claim in Newfoundland’s Central Newfoundland Gold Belt. Pat’s Pond is strategically located in close proximity to Marathon Gold’s 3.14 Moz6 Valentine Gold Project and on strike from the Boomerang/Domino VMS deposit. Pat’s Pond is highly prospective for gold, copper, silver and zinc and has large scale discovery potential. GoldHaven engages proactively with local and Indigenous rightsholders and seeks to develop relationships and agreements that are mutually beneficial to all stakeholders.
On Behalf of the Board of Directors
Bonn Smith, Chief Executive Officer
For further information, please contact:
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE- Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
News Release References
1 Giroux, G.H., 2012. MINERAL RESOURCE UPDATE on The POPLAR DEPOSIT, OMINECA MINING DIVISION BRITISH COLUMBIA. Prepared for Lions Gate Metals Inc. Prepared by Giroux Consultants Ltd. Effective Date: March 30, 2012 https://www.universalcopper.com/UNV_Presentation_Web.pdf?a28db
2 Norton, C., Huang, J., and Lui, D., Updated Technical Report and Mineral Resource Estimate on the Berg Project, British Columbia. A NI 43- 101 Technical Report prepared by Tetra Tech Canada Inc. EFFECTIVE DATE: MARCH 9, 2021; RELEASE DATE: MAY 4, 2021. https://surgecopper .com/news-releases/surge-copper-announces-filing-of-technical-report-for-mineral-resource-estimate-on-its-berg-property/
3 Christensen, K., Connaughton, G.R., and Ogryzlo, P., 2011. TECHNICAL REPORT ON THE MAIN ZONE OPTIMIZATION HUCKLEBERRY MINE OMINECA MINING DIVISION BRITISH COLUMBIA, CANADA. Prepared for Huckleberry Mines Ltd. and Imperial Metals Corporation November 22, 2011 The effective date of the exploration data is September 1, 2011, Amended May 11, 2016. https://www.imperialmetals.com/assets/docs/2016-hml-43-101-technical-report-on-the-main-zone-optimization.pdf
4 Burga D., Barry J., Grant D., Hutter J., Puritch E., Sutcliffe, R.H., and Wu, Y., 2019. INITIAL MINERAL RESOURCE ESTIMATE AND TECHNICAL REPORT ON THE NUMBER 3 VEIN, SILVER QUEEN PROPERTY, OMINECA MINING DIVISION, BRITISH COLUMBIA, CANADA. Prepared for NEW NADINA EXPLORATIONS LIMITED
NI 43-101 & 43-101F1 TECHNICAL REPORT by P&E Mining Consultants Inc. Effective Date: July 15, 2019 Signing Date: August 29, 2019. https://equitymetalscorporation.com/site/assets/files/3673/sq_ni43-101_aug29_2019.pdf
5 https://sunsummitminerals.com/news/2021/sun-summit-drills-31-6-g-t-gold-over-4-0-metres-including-246-g-t-gold-over-0-5-metres-in-the- trench-zone-and-1-07-g-t-gold-over-109-metres-including-7-17-g-t-gold-over-5-2-metres-in-the-horseshoe-zo/
Cautionary Statements Regarding Forward Looking Information
This news release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the intended use of the proceeds received from the Offering, the possible acquisition of the Projects, the Company's expectation that it will be successful in enacting its business plans, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that investor interest will be sufficient to close the Offering, and the receipt of any necessary regulatory or corporate approvals in connection with the Offering and the Assignment, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner, the availability of financing on suitable terms for the exploration and development of the Company's projects and the Company's ability to comply with environmental, health and safety laws.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the inability to close the Offering, the inability of the Company to enter into definitive agreements in respect of the Letters of Intent which are the subject of the Assignment, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including by the Exchange, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management's Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.