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GoldHaven Closes $1.72 Million First Tranche Flow-Through Financing to Fund 2026 Drill Program Targeting High-Grade at Magno Project
Globenewswire· 2026-03-25 12:30
Core Viewpoint - GoldHaven Resources Corp. has successfully closed the first tranche of a $2 million non-brokered flow-through financing, raising approximately $1.72 million through the issuance of 6,482,417 flow-through shares at a price of $0.265 each, with a second tranche expected in April 2026 [1][2][3]. Financing Details - The company paid cash finder's fees totaling C$109,817 and issued 397,520 non-transferable finder warrants, each allowing the purchase of one common share at C$0.35 for 24 months [2]. - All securities issued are subject to a hold period of four months and one day as per applicable securities laws [2]. CEO Commentary - The CEO expressed satisfaction with the strong support for the financing, which will enable GoldHaven to execute a fully funded and targeted drill program at the Magno project in 2026 [3]. Use of Proceeds - The net proceeds from the offering will be directed towards Canadian exploration expenses, specifically for flow-through critical mineral mining expenditures [4]. Magno Project Overview - GoldHaven's Magno Project spans approximately 37,200 hectares in the Cassiar region of northwestern British Columbia and is characterized as a district-scale polymetallic exploration asset [5][10]. - The project features a large intrusion-related hydrothermal system with various mineralization styles, including silver-lead-zinc carbonate replacement mineralization and tungsten-rich skarn systems [6][10]. Geological Highlights - The Magno Project has reported high-grade mineralization, with silver grades reaching up to 2,370 g/t and significant associations with lead, zinc, and tungsten [4][8]. - The 2026 diamond drilling program will target high-grade Ag-Pb-Zn CRD zones at Magno and D-Zone, with follow-up drilling planned for tungsten-skarn mineralization at Kuhn and Dead Goat, where values up to 6,550 ppm W have been identified [9]. Exploration Strategy - The exploration strategy includes airborne geophysical surveys to refine structural controls and intrusive targets, along with 3D geological and metal zonation modeling to identify higher-grade zones [9].
InZinc Announces Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units
TMX Newsfile· 2026-03-24 17:30
Core Viewpoint - InZinc Mining Ltd. is conducting a non-brokered private placement to raise up to $1,200,000 through the issuance of flow-through shares and non-flow-through units to fund exploration activities at its Indy project in British Columbia [1][2]. Group 1: Offering Details - The Offering includes common shares issued as flow-through shares at $0.08 each and non-flow-through units at $0.05 each [1]. - The total gross proceeds from the Offering are expected to be up to $1,200,000 [1]. - The Offering is subject to regulatory approvals and will have a hold period of four months and one day under applicable securities laws [7]. Group 2: Use of Proceeds - Proceeds from the flow-through shares will be allocated to a planned diamond drilling program at the Indy project, targeting new Sedex discoveries primarily focused on zinc, lead, silver, and potentially gallium [2]. - The Company plans to incur qualifying expenditures related to the Indy project by December 31, 2027, and will renounce these expenditures to investors by December 31, 2026 [5]. Group 3: Drilling Program Insights - The 2025 drilling program at the Indy project discovered the B-9 Apex Zone, with a high-grade intersection of 20.1% Zn, 1.7% Pb, and 9.5 g/t Ag over 3.2 m [3]. - The program extended the B-9 Zone trend by 125% to a total of 1,000 m, with additional untested geophysical and geochemical anomalies extending for at least 1,200 m along strike, indicating strong potential for further discoveries [3]. Group 4: Unit Structure - Each unit in the Offering consists of one non-flow-through common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at an exercise price of $0.10 until 24 months from the closing date [6]. Group 5: Company Overview - InZinc Mining Ltd. is advancing exploration at its wholly owned Indy project, which covers 200 square km and is strategically located with access to infrastructure [11]. - The Company has significant drill results from the B-9 Apex Zone and has a partnership with South32 Limited, which has staked adjacent claims [11].
GoldHaven Files NI 43-101 Technical Report for the District-Scale Magno Polymetallic Project, Cassiar District, British Columbia
Globenewswire· 2026-03-06 13:30
Core Viewpoint - GoldHaven Resources Corp. has filed an independent technical report for the Magno Project, marking a significant advancement in its exploration efforts in the Cassiar district of British Columbia [1][2]. Project Overview - The Magno Project covers over 37,000 hectares in the Cassiar region and features a large intrusion-related hydrothermal system with various mineralizations including copper-gold, silver-lead-zinc, tungsten-skarn, and critical minerals [4]. - Geological mapping and sampling indicate a classic porphyry-related metal zonation pattern, suggesting a large mineralizing system with stacked deposit environments [5]. Exploration Results - Recent grab samples from the Magno and D Zones returned high grades, including over 25 g/t Au, 2,370 g/t Ag, more than 20% Pb, and 19.25% Zn, with 45 of 357 samples exceeding 100 g/t Ag [6]. - Indium values up to 334 ppm were discovered, the highest recorded in the Cassiar District, emphasizing the project's strategic importance amid a tightening global indium supply [6]. - Strong tungsten mineralization was noted, with 32 samples returning over 1,000 ppm W, including a peak of 6,550 ppm W [6]. Financing and Advancement Strategy - The company is conducting a non-brokered flow-through private placement of up to $2 million at a price of $0.265 per share to fund exploration activities at the Magno Project [7]. - The financing will support 3D modeling, target refinement, drill planning, and verification of historical showings while expanding newly identified district-scale targets [6][7]. Next Steps - The company is preparing for a planned 2026 drill program aimed at testing multiple high-priority mineralized targets, including silver-lead-zinc carbonate replacement systems and tungsten-bearing skarn zones [8][12]. - Planned work includes refining geological models, integrating datasets, prioritizing targets, and advancing permitting for the initial drill program [11]. Company Background - GoldHaven Resources Corp. is a Canadian junior exploration company focused on acquiring and exploring high-potential land packages in North and South America, with the Magno Project being its flagship asset [13].
Cerro de Pasco Resources Enters Project Development Funding Agreement with U.S. International Development Finance Corporation for Quiulacocha
Globenewswire· 2026-03-02 14:42
Core Insights - Cerro de Pasco Resources Inc. has entered into a Project Development Funding Agreement with the U.S. International Development Finance Corporation to support the Quiulacocha Tailings Reprocessing Project in Peru [1][2] Funding Details - DFC will provide up to US$5 million in milestone-based funding for project development activities, with the potential for an additional US$300 million in long-term direct loan financing for construction, subject to various conditions [2][4] - The funding will support activities such as Sonic Drilling, Geotechnical and Hydrogeological Drilling, a Feasibility Study, and an Environmental and Social Impact Assessment [4][5] Project Significance - Quiulacocha is recognized as one of the largest historic tailings resources globally, targeting the recovery of silver, base metals, gallium, and indium, which are essential for advanced technologies [3][6] - The project aligns with the strengthened cooperation between the United States and Peru regarding secure and responsible mineral supply chains [7] Company Strategy - Cerro de Pasco Resources focuses on reprocessing and remediating historic mining waste to unlock value while promoting environmental sustainability [8]
Nine Mile Metals Announces Phase 1 Bulk Sample Update at Nine Mile Brook High Grade Lens of 13.71% CuEq over 15.10m
TMX Newsfile· 2026-03-02 13:00
Core Viewpoint - Nine Mile Metals Ltd. is advancing its Bulk Sample Metallurgical Analysis on the Nine Mile Brook VMS High Grade Lens in collaboration with SGS Canada and Glencore Canada, aiming to assess the metallurgical properties and potential for direct smelting options [1][4]. Summary by Sections Company Announcement - Nine Mile Metals Ltd. is conducting a Bulk Sample Metallurgical Analysis on the Nine Mile Brook VMS High Grade Lens with SGS Canada and Glencore Canada [1]. - The analysis will include sample preparation, assaying, mineralogical studies, and metallurgical testing [1]. Assay Results - The total intersection of the drill hole DDH-NM220004 is 15.10 meters with a Copper Equivalent (CuEq) of 13.71% [3]. - Specific high-grade samples from the drill program show significant values, including 20.81% CuEq over 1 meter and 18.76% CuEq over another sample [8]. Sample Collection and Analysis - Two representative samples, each weighing up to 1 tonne, will be collected from different sections of the high-grade lens for analysis [4]. - SGS will perform various tests including mineralogical scans, Bond Tests for hardness, and flotation tests to assess copper recovery [4]. Technological Collaboration - Glencore will utilize its proprietary IsaMILL™ technology for ultrafine grinding and metallurgical analysis [4]. - The collaboration aims to enhance the efficiency of the metallurgical testing process [4]. Future Plans - The company is excited to enter Phase 1 of the Bulk Sample Program, which is a significant milestone after extensive planning and analysis [6]. - Results from Phase 1 will be reported, and the company anticipates moving forward to Phase 2 [6]. Company Background - Nine Mile Metals Ltd. focuses on VMS exploration in the Bathurst Mining Camp, New Brunswick, targeting critical minerals essential for EV and green technologies [12].
GoldHaven Expands Magno Project to Over 37,200 Hectares with Strategic Cassiar Claims Acquisition
Globenewswire· 2026-02-27 13:30
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][11]. 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 Compensation Shares will be subject to a statutory hold period of four months and one day, and the Vendor will retain no net smelter return royalty on the claims [2]. Project Highlights - The Magno Project is characterized by a large intrusion-related hydrothermal system, including mineralization of copper-gold, silver-lead-zinc, tungsten-skarn, and critical minerals [3][4]. - Geological mapping and analysis indicate a classic porphyry-related metal zonation pattern, supporting the interpretation of a significant mineralizing system [4]. Mineralization and Exploration Potential - High-grade mineralization has been confirmed, with grab samples showing up to 2,370 g/t Ag, over 20% Pb, and 19.25% Zn, indicating widespread high-grade mineralization [6]. - Indium values up to 334 ppm have been recorded, marking the highest in the Cassiar District, highlighting the strategic relevance of the Magno Project amid tightening global indium supply [6]. - A robust tungsten-skarn system is supported by consistent tungsten values, with samples returning over 1,000 ppm W [6]. Funding and Advancement Strategy - The Company is advancing a non-brokered flow-through financing of up to $2 million to support exploration activities, including permitting, drill targeting, and advancement of priority mineral targets [12]. - The planned exploration program for 2026 aims to test system scale and higher-grade vectors across the Magno district [14][17]. Strategic Importance - The newly acquired claims enhance GoldHaven's exploration footprint in the Cassiar camp, known for polymetallic mineralization, providing further optionality for future exploration and development initiatives [11].
Honey Badger Newly Identifies Important Indium, Tungsten, Bismuth, and Copper Mineralization in Addition to Known Silver, Lead & Zinc at the Hy Project, Yukon
TMX Newsfile· 2026-02-10 12:15
Core Insights - Honey Badger Silver Inc. has identified additional critical minerals potential at its 100%-owned Hy project in Yukon, including high values of indium, bismuth, copper, and tungsten across several zones [1][2][3] Company Overview - Honey Badger Silver Inc. is focused on developing a domestic supply chain for critical minerals in Canada, leveraging assay data from its properties, particularly the Hy project [2] - The company has six other 100%-owned, silver-rich properties, with three being more advanced and containing historic established mineral resources totaling approximately 150 million AgEq ounces [2] Hy Project Details - The Hy project covers a 7,160 ha land package located approximately 150 km north of Watson Lake, Yukon, and is road-accessible [3] - The property hosts several zones of high-grade silver-lead-zinc skarn mineralization, with historic drill intercepts showing significant mineralization [3] - Exploration efforts have focused on identifying new targets and developing the geological model, resulting in the discovery of new breccia-hosted and fracture-controlled targets [3] Critical Minerals Potential - The Hy project has revealed high-grade values of critical minerals, including up to 179.5 ppm indium, bismuth exceeding 1.0%, 0.27% tungsten oxide, and up to 171 ppm tellurium [5] - These minerals are essential for semiconductors, advanced alloys, renewable energy technologies, and high-performance electronics, enhancing the strategic value of the Hy project [5] Future Exploration Plans - Future work at the Hy project will continue to focus on silver potential while also exploring the newly identified critical minerals [10] - Areas with concentrated critical minerals, such as the SilverTung and Miko zones, will be prioritized for future exploration efforts [10]
GoldHaven Identifies Significant Indium Enrichment with Values up to 334 ppm at Magno
Globenewswire· 2026-01-22 13:30
Core Insights - GoldHaven Resources Corp. has reported significant findings from its 2025 surface exploration program at the Magno Property, highlighting indium mineralization and expanding the geochemical dataset using modern analytical techniques [1][3][8] Exploration Program - The 2025 exploration work included detailed geological mapping and multi-element geochemical sampling, focusing on critical minerals to refine the exploration model and support future drill targeting [3][4] - A comprehensive geochemical sampling program was implemented to evaluate the distribution of indium, which had previously shown anomalous values in limited historical samples [4][6] Indium Findings - The program returned indium values of up to 334 ppm, significantly above the average crustal background levels of approximately 0.1 ppm, indicating its importance as a critical mineral component of the Magno system [7][9][10] - Elevated indium values were spatially restricted to the Magno and D Zones, as well as the Kuhn and Dead Goat showings, suggesting a model of structurally controlled fluid flow and proximity to intrusive heat sources [7][8] Strategic Importance of Indium - Indium is recognized as a strategic critical mineral with a strong long-term growth profile, driven by demand in high-growth technology applications such as touchscreens, semiconductors, and solar technologies [10][11] - The supply of indium is primarily as a by-product of zinc refining, which limits the ability to rapidly expand supply in response to increasing demand, contributing to supply-chain risks [12] Project Overview - The Magno Project spans 36,973.29 hectares in the Cassiar region of British Columbia, benefiting from excellent road access and infrastructure [16][17] - The project is strategically located near established mining operations and supply hubs, enhancing its logistical advantages for future development [17][18]
Vibes-based commodity supercycle? BHP nears record $50/sh mark
The Market Online· 2026-01-15 02:44
Core Viewpoint - BHP is approaching the $50/share mark, driven by a rally in metals, which is nearing its all-time high and is comparable to the Commonwealth Bank [1][3] Metals Market Overview - The metals market is experiencing a significant rally, with expectations for continued strong performance through 2026, benefiting publicly-listed companies in the sector [2] - Various metals have shown substantial month-over-month price increases, including neodymium (+15%), tin (+20%), rhodium (+30%), aluminum (+11%), and indium (+40%), indicating a broader trend in the metals market [5][7] BHP and CBA Comparison - BHP and CBA have historically been close in market capitalization, reflecting their status as the two largest companies in Australia, which is an export-driven economy [3][8] - BHP last traded at $49.63/share, indicating its proximity to the $50 mark [8] Future Outlook - Analysts suggest that the current trends may signal the onset of a new commodities supercycle, particularly in metals [5][8]
GoldHaven Confirms High-Grade Silver up to 2,370 g/t Ag and Tungsten up to 6,550 ppm W at Magno Property, Cassiar District
Globenewswire· 2026-01-06 13:30
Core Insights - GoldHaven Resources Corp. announced preliminary assay results from its 2025 surface exploration program at the Magno Property, confirming high-grade mineralization of silver, lead, zinc, tungsten, and critical minerals, indicating the potential for a district-scale polymetallic system [1][14]. Exploration Program Overview - The 2025 exploration program aimed to verify historical mineral occurrences and expand the geochemical database across a 36,973.29-hectare land package, with 357 rock samples collected and analyzed using modern analytical techniques [4][10]. - The program successfully validated historical surface results and expanded the geochemical dataset, allowing for improved detection of various metals across different lithologies [10][17]. Notable Assay Results - Significant assay results included silver values up to 2,370 g/t Ag, lead exceeding 20% Pb, zinc values up to 19.25% Zn, tungsten values up to 6,550 ppm W, and indium values up to 334 ppm In [2][6]. - High-grade silver-lead-zinc mineralization was confirmed, with 45 of 357 samples returning over 100 g/t Ag [6]. Mineralization Characteristics - The results indicate that the Magno and D Zones may be part of a larger silver-lead-zinc system, displaying characteristics consistent with both Carbonate Replacement Deposits (CRDs) and structurally controlled hydrothermal mineralization [11][17]. - The presence of anomalous Au-Bi-Te signatures suggests potential zoning typical of intrusive-related systems [12]. Tungsten Mineralization - Tungsten assays returned values consistent with historical results, with multiple samples showing values between 500 and 5,000 ppm W, particularly at the Kuhn and Dead Goat Zones [13][17]. - The Kuhn Target demonstrated approximately 1.3 kilometers of anomalous tungsten mineralization along strike, supporting further exploration [13]. Future Plans - The company plans to advance prioritized targets, including the Magno and D Zones, Kuhn, Dead Goat, and the newly defined Vines Lake showing, towards detailed targeting and future drill planning [14][17]. - The Magno Project is strategically located near established mining operations, enhancing its logistical and long-term development advantages [18][19].