GoldHaven Resources Enhances Magno Project with New Report

GoldHaven Resources Corp. Announced Technical Report on Magno Project

In an exciting development, GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) has released an independent technical report in compliance with National Instrument 43-101, which presents vital insights into the Magno Project. The report, titled "Magno Project, Liard Mining Division, BC," unveils the promising prospects of this polymetallic land situated adjacent to the renowned Cassiar mining district.

Understanding the Magno Project and Its Significance

The Magno Project is not just another mining site; it encompasses a vast area with 24 mineral tenures that play a crucial role in the Liard Mining Division of British Columbia. GoldHaven holds a significant 100% ownership of the Magno property through its subsidiary, Copper Peak Metals Inc.

Within the boundaries of British Columbia lies a wealth of resources, boasting 16 of Canada’s 31 critical minerals and earning the title of the country's lead producer of copper. The region also houses an astonishing gold reserve, accounting for approximately 280 million ounces mainly within polymetallic porphyry deposits.

The Rich Geology of Northwestern British Columbia

This area of northwestern British Columbia is globally recognized for its prime mineral deposits. Its geological history, defined by Late Triassic to Early Jurassic tectono-magmatic activity, has resulted in high-grade, large-scale copper and gold deposits.

Focusing specifically on the late Cretaceous terranes, the exploration aims to target significant porphyry deposits, including those at Casino and Red Mountain. GoldHaven's geological team is gearing up for intensive geochemical and geophysical exploration, which will spotlight the promising skarn deposits that are likely linked to more extensive mineral resources.

Detailed Insights into Magno North

Magno North is the highlight of the project, situated just 3 kilometers south of the Cassiar Townsite. This area has been the focal point of historic explorations and mineral extractions. The Cassiar vicinity is rich in diverse mineralization types, establishing its role as a significant mining hub.

Among the noteworthy mining ventures in the vicinity are the Taurus, Erickson, and Table Mountain, in addition to past thriving activities in placer gold extraction since 1874. The Magno Property has been under scrutiny since the 1950s, with explorations including soil and rock sampling, geophysics, and drilling operations that further illuminate its potential.

Latest Developments on GoldHaven’s Corporate Front

GoldHaven is excited to announce the launch of its updated corporate website, a modern platform that emphasizes the Company's key projects and latest news. This newly designed site not only presents the Magno Project but the Three Guardsmen Project too, which also shows exceptional promise for copper and gold-sourced skarn mineralization.

Investors and stakeholders can easily access the website’s newsletter section, ensuring they remain informed of all developments regarding these valuable assets.

Recent Financial Updates: Non-Brokered Private Placement

Alongside updates on operational activities, GoldHaven has also announced a non-brokered private placement consisting of up to 9,500,000 units pegged at $0.05 per unit, totaling potential gross proceeds of up to $475,000.

Each unit will comprise one common share of the Company and one-half of a common share purchase warrant. The proceeds will primarily fund exploration activities and underpin general working capital. Insiders of GoldHaven may opt into this offering, emphasizing confidence in the Company’s strategic position.

Future Directions for GoldHaven Resources Corp.

GoldHaven Resources is committed to leveraging these investments into successful exploration outcomes. The Magno and Three Guardsmen projects are set against a backdrop of promising mineralization, making strategic investments imperative for realizing their full potential.

As the Company navigates through these evolving opportunities, it's pivotal for potential investors to stay abreast of developments, as GoldHaven demonstrates a solid commitment to exploration excellence.

Frequently Asked Questions

What is the significance of the newly filed technical report?

The technical report provides independent verification of the Magno Project's potential, aligning with industry standards for mineral disclosure.

How does the Magno Project relate to the Cassiar mining district?

The Magno Project is strategically located adjacent to the historic Cassiar mining district, known for its rich resource deposits, enhancing its exploration prospects.

What are the key features of the non-brokered private placement?

The placement includes up to 9.5 million units at $0.05 each, aimed at raising funds for exploration and operational capital.

How can investors obtain updates on GoldHaven's developments?

Investors can subscribe to the newsletter via the newly launched website for the latest information on company activities.

What types of mineralization are primarily targeted at the Magno Property?

The project targets significant porphyry deposits and skarn mineralization, pivotal for copper and gold extraction.

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