Core Viewpoint - GoldHaven Resources Corp. has entered into a Title Transfer Agreement to acquire a 100% interest in five mineral claims in the Cassiar District of British Columbia, expanding its Magno Project to approximately 37,204 hectares, which is believed to host a large, zoned, intrusion-related polymetallic system [1][2][10]. Acquisition Details - The acquisition involves five mineral claims totaling 231.362 hectares, with the Company issuing 400,000 common shares as compensation to the Vendor [1][2]. - The Vendor will not retain any net smelter return royalty or other encumbrance on the claims, and the Company will cover the title transfer costs [2]. Project Highlights - The Magno Project is characterized by a large intrusion-related hydrothermal system that includes copper-gold, silver-lead-zinc, tungsten-skarn, and critical-mineral mineralization [3][10]. - Geological mapping and geochemical analysis indicate a classic porphyry-related metal zonation pattern, suggesting a significant mineralizing system [4]. Mineralization Findings - Indium values up to 334 ppm have been discovered, marking the highest recorded in the Cassiar District, emphasizing the strategic importance of the Magno Project amid a tightening global indium supply [6]. - High-grade results include grab samples returning up to 2,370 g/t Ag, over 20% Pb, and 19.25% Zn, with 45 of 357 samples exceeding 100 g/t Ag [6]. - Tungsten mineralization is also significant, with 32 samples showing over 1,000 ppm W, including a peak of 6,550 ppm W [6]. Financing and Advancement Strategy - The Company is advancing a non-brokered flow-through financing of up to $2 million, aimed at supporting exploration activities at the Magno Project [11]. - The planned financing will facilitate 3D modeling, target refinement, drill planning, and verification of historical showings [6][11]. 2026 Exploration Program - The 2026 exploration program will focus on testing system scale, vertical extent, and higher-grade vectors across the Magno district [13]. - Planned activities include refinement of geological models, prioritization of targets, and preparation for potential drilling [17]. Company Overview - GoldHaven Resources Corp. is a Canadian junior exploration company focused on acquiring and exploring land packages in North and South America, with the Magno Project being its flagship asset [14].
GoldHaven Expands Magno Project to Over 37,200 Hectares with Strategic Cassiar Claims Acquisition
Globenewswire·2026-02-27 13:30