GoldHaven Announces $2.0 Million Critical Mineral Flow-Through Financing to Advance the District-Scale Magno Polymetallic Project
Executive Summary
- GoldHaven Resources Corp. announced a non‑brokered flow‑through private placement for up to $2 million by issuing up to 7,547,170 shares at $0.265 each (no warrants).
- Proceeds will be used to fund eligible Canadian exploration expenses on the Magno Project, targeting 2026 drilling and 3‑D modelling.
- The release highlights significant 2025 exploration results: Indium up to 334 ppm, grab samples up to 2,370 g/t Ag with >20% Pb and 19.25% Zn, and tungsten peaks of 6,550 ppm – underscoring a large, intrusion‑driven polymetallic system.
Key Details
- Financing Structure
- Type: Non‑brokered flow‑through private placement (no warrants).
- Shares offered: Up to 7,547,170 flow‑through shares.
- Price per share: $0.265.
- Gross proceeds target: $2,000,000.
- Expected use of proceeds: Eligible Canadian exploration expenses (critical mineral flow‑through expenditures) on the Magno Project; renunciation to subscribers by Dec 31 2026.
- Finder’s fees may be paid in accordance with securities laws.
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Closing conditions: Customary regulatory approvals; statutory hold period of four months and one day on all issued securities.
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Exploration Highlights (2025 Program)
- Indium: Up to 334 ppm associated with sphalerite – highest recorded in the Cassiar District.
- Silver‑Lead‑Zinc Grab Samples: Max 2,370 g/t Ag, >20% Pb, 19.25% Zn (45 of 357 samples >100 g/t Ag).
- Tungsten: 32 samples >1,000 ppm W; peak 6,550 ppm at Vines Lake; consistent 500‑5,000 ppm at Kuhn & Dead Goat zones.
- Copper: Up to 6,660 ppm, including elevated Cu in granite intrusions.
- Zinc: Up to 13.8% at Kuhn and 8.37% at Dead Goat.
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Bismuth & Tellurium: Bismuth up to 10,000 ppm, Te up to 67 ppm, indicating high‑temperature fluid pathways.
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Geochemical Ratios (selected showings)
- Magno: Zn/Pb = 6.13, Pb/Cu = 823.58, Pb/Zn = 443.26.
- Kuhn: Zn/Pb = 190.08, Pb/Cu = 3.88, Pb/Zn = 1.84.
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Dead Goat: Zn/Pb = 1,342.38, Pb/Cu = 15.12, Pb/Zn = 1.63.
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2026 Exploration Program Plans
- Refine 3‑D geological and metal‑zonation models.
- Integrated structural, geochemical, and geophysical interpretation.
- Prioritize targets: porphyry CRD Ag‑Pb‑Zn, tungsten‑skarn, critical‑mineral zones.
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Drill targeting across priority zones; advance permitting for potential drilling.
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Project Context
- Magno Project covers ~36,973 ha in the Cassiar region (BC).
- Hosts a district‑scale polymetallic system with copper‑gold, Ag‑Pb‑Zn, tungsten‑skarn, and critical minerals (indium, bismuth, tellurium).
- Located 3 km south of historic Cassiar mining camp; accessible via Highway 37.
Notable Quotes
“Our 2025 program delivered several milestones with indium values up to 334 ppm … Strong and widespread tungsten mineralization … This financing allows us to complete 3D targeting and advance toward 2026 drilling.” – Robert Birmingham, President & CEO
Materiality Assessment: Material – Positive** (significant financing to fund advanced exploration on a large polymetallic project, coupled with high‑grade assay results indicating strong development potential).