GoldHaven Resources Reports Progress on Copeçal Gold Drilling
GoldHaven Resources Updates on Copeçal Gold Project
GoldHaven Resources Corp. (“GoldHaven” or the “Company”) (CSE: GOH, OTCQB: GHVNF, Frankfurt: 4QS) is excited to announce advancements in its ongoing auger drill program focusing on key anomalies at the Copeçal Gold Project. This program, which began earlier this month, aims to delve into the project's promising geological formations and assess gold mineralization potential.
Current Program Achievements
As of the recent update, GoldHaven has successfully completed 70% of its planned 2,000 meters of auger drilling, totaling about 1,400 meters thus far. Remarkably, the drilling has revealed a weathering profile in the regolith from the surface down to depths of up to 30 meters, demonstrating a promising geological structure for potential gold concentrations. The initial drilling approach has yielded multiple promising intersections, reinforcing the initial geological expectations based on prior analyses.
Quality Assurance and Assay Progress
The Company has submitted 350 samples from the East Target to ALS Global Laboratories for thorough analysis. Adhering to industry standards, sampling was conducted at 2-meter intervals throughout the drilling process. Quality control is paramount; hence, a systematic insert of blanks, certified standards, and duplicates has been integrated at a rate of 10%, ensuring the reliability of the results to be generated within the anticipated timeframe of 3 to 4 weeks.
CEO Comments on Progress
Rob Birmingham, the CEO of GoldHaven Resources, shared his enthusiasm regarding the drilling progress stating, "We are delighted to have surpassed the first half of auger drilling on our Copeçal Gold project, with our first batch of assays sent for analysis. As we transition from the East Target to the West Target, we expect to gain further clarity on the anomalies before we commence diamond drilling." His insights underscore the commitment to enhancing the understanding of the project’s geological frameworks.
Overview of the Auger Drilling Program
The objective of the auger drilling program is to establish a detailed 3D litho-geochemical model of the gold distribution within the regolith below significant soil anomalies. Drilling is carried out vertically from the surface to the regolith-bedrock interface, spanning depths of approximately 5 to 30 meters, on a 100m x 50m grid. This meticulous method is anticipated to produce critical high-resolution geological data that will refine the understanding of subsurface structures and advance future explorations.
Future Drilling Initiatives
Looking ahead, GoldHaven plans to implement a Drone-borne Very Low Frequency (VLF) Electromagnetic Survey, targeted to start soon. This survey will map out structural trends recognized as conducive to hosting gold mineralization across both the East and West Gold-in-Soil anomalies and their projected extensions. The combination of VLF geophysics and auger geochemistry is expected to enhance the strategic positioning of diamond drill collars, thus improving the efficiency of exploration efforts.
Insights into the Copeçal Gold Project
The Copeçal Gold Project is prominently located within the Alta Floresta Gold Province, an area reputed for its rich history of gold mining that dates back to the late 1970s. Covering 3,681 hectares, GoldHaven’s tenure sits within the geologically favorable Juruena Gold Province, known for its significant gold deposits. Notable assets in the area include historically recognized gold sources that lend credence to the exploration endeavors being conducted by GoldHaven.
Prior exploration campaigns, including soil sampling and geophysical studies performed from 2010 to 2016 by AngloGold Ashanti, indicated multiple zones of intriguing anomalous gold indicators across the project. The accumulated data from these activities points towards a substantial gold system across the Copeçal Gold Project, strengthening GoldHaven’s ongoing exploration narrative.
About GoldHaven Resources Corp.
GoldHaven Resources Corp. is a burgeoning Canadian exploration company committed to identifying and developing highly promising mineral land in both North and South America. The Company's project portfolio notably includes the flagship Magno Project near the historic Cassiar mining district in British Columbia, several projects targeting copper and gold skarn mineralization, alongside vital mineral exploration initiatives located in Brazil.
Frequently Asked Questions
What recent updates has GoldHaven Resources shared?
GoldHaven has provided an update on the progress of their auger drill program at the Copeçal Gold Project, highlighting completion of 70% of their planned drilling.
What are the next steps for GoldHaven Resources?
The Company plans to initiate a Drone-borne Very Low Frequency (VLF) Electromagnetic Survey to further investigate gold mineralization potential.
How many samples have been submitted for analysis?
GoldHaven has submitted a total of 350 samples from the East Target of the Copeçal Project to ALS Global Laboratories for analysis.
What has been CEO Rob Birmingham's response to the drilling progress?
Rob Birmingham expressed excitement over reaching the halfway point of the auger drilling and emphasized the importance of the upcoming assays for future drilling.
What historical significance does the Copeçal Gold Project hold?
The Copeçal Gold Project is located in a historically gold-rich area, with notable previous work from AngloGold Ashanti revealing multiple zones of gold anomalies.
About The Author
Contact Lucas Young privately here. Or send an email with ATTN: Lucas Young as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.