Drill Results Routine +

A 500%+ Metal, a Historic Tungsten Zone, and a Drill Program About to Test Both

Northcliff secures a fully funded 2026 drill program at its Magno project as tungsten prices surge 500%.

By The Northwire Desk — AI Analysis Jun 03, 2026 · 08:49 NCF · 0.35 Northcliff Resources Ltd.

Executive Summary

GoldHaven Resources Corp. announced a fully funded 2026 diamond drill program targeting the historic Kuhn tungsten zone on its 100%-owned Magno Project in British Columbia.
The program aims to verify and expand a historically defined tungsten-bearing skarn system, previously outlined at ~616,500 tonnes grading 0.48% WO3 across four mineralized lenses.
Historical drill intercepts include high-grade intervals up to 4.0m at 1.32% WO3 and 0.26% MoS2.
Drilling strategy focuses on twinning historical holes, testing lateral/vertical extensions, and integrating recent airborne magnetic and QMAGT geophysics.
Tungsten benchmark price (APT) has surged >500% since China's Feb 2025 export controls, reaching ~US$2,250/t.
The Qualified Person, Raymond Wladichuk, P.Geo., is noted as non-independent under NI 43-101.
Historical Context Note: The provided historical news releases pertain to Northcliff Resources Ltd., a peer in the tungsten sector. Northcliff has progressed from securing $15M US DoD and $8.2M NRCan funding (Nov 2025) to amending loan facilities and advancing pre-construction engineering (May 2026). This sector-wide advancement validates the macro tailwinds for GoldHaven, though it does not directly track GoldHaven's historical projections.

Material Impact

The announcement is Routine - Positive. It confirms the company is executing its planned exploration program as expected.
The "fully funded" status is a key positive, eliminating near-term dilution risk and demonstrating financial discipline.
The >500% surge in tungsten prices provides a strong macro tailwind, but this is a market-wide factor rather than company-specific news.
No material change to project economics, resource estimates, or financing structure. The drill program is a standard exploration step.
The news is in line with previous expectations for an exploration-stage company advancing a historical target. No surprises or material deviations.

NCF · Price

Company Overview

GoldHaven Resources Corp. (CSE: GOH, OTCQB: GHVNF, FSE: 4QS) is an exploration-stage mining company.
Flagship asset: Magno Project, located in the Cassiar District of northern British Columbia. 100% owned.
Focus: Kuhn tungsten-bearing skarn system. Historical estimate of ~616,500 tonnes grading 0.48% WO3 across four lenses.
Geological context: Skarn mineralization along intrusive-carbonate contacts in the Cassiar Terrane. Quartz-molybdenum veining suggests deeper feeder zones.

More from Northcliff Resources Ltd.