Northwire Canada EditionMonday, August 31, 2026
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GOLD 4529.90 −2.9% SILVER 67.79 −3.5% COPPER 6.66 −0.5% OIL 83.40 −0.2% PALLADIUM 1428.60 +5.4% SAE 0.520 +4.0% ZEN 0.770 +0.0% WGLD 0.130 +13.0% AEM 286.76 −3.9% SAG 1.32 −4.3% GSVR 0.475 −5.0% CRI 0.050 −9.1% TMQ 5.04 −4.2% BTO 7.85 −3.0% HBM 40.78 −3.0% EFR 20.38 −6.5% SF 0.365 −4.0% SPX 0.115 +0.0% CQR 0.060 +20.0% IVS 0.310 +5.1% CNC 1.44 −2.7% GOLD 4529.90 −2.9% SILVER 67.79 −3.5% COPPER 6.66 −0.5% OIL 83.40 −0.2% PALLADIUM 1428.60 +5.4% SAE 0.520 +4.0% ZEN 0.770 +0.0% WGLD 0.130 +13.0% AEM 286.76 −3.9% SAG 1.32 −4.3% GSVR 0.475 −5.0% CRI 0.050 −9.1% TMQ 5.04 −4.2% BTO 7.85 −3.0% HBM 40.78 −3.0% EFR 20.38 −6.5% SF 0.365 −4.0% SPX 0.115 +0.0% CQR 0.060 +20.0% IVS 0.310 +5.1% CNC 1.44 −2.7%
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.
Read the original news release →

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