Vancouver, British Columbia--(Newsfile Corp. - January 22, 2021) - GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) ("GoldHaven" or the "Company") reports that GoldHaven crews are finalizing preparations for Rio Loa to commence GOH's 5000m Phase I drill program. GOH crews are also mobilizing equipment to conduct a trenching program at the Coya, Alicia and Roma projects to include rock sampling and geophysics.
Trenching conducted at Rio Loa in December 2020 exposed additional hydrothermal breccias within the Miocene age basement volcanics, volcanic breccias, epiclastic units with arenaceous sediments and dacitic domes, below a thin cover of young post-mineral volcanics. Opaline silica and minor kaolinite clay, typically associated with the steam heated alteration zone were also found within the newly discovered hydrothermal breccia zones.
These hydrothermal breccias are important as they form the host rocks to the gold and silver mineralization in deposits such as the Gold Field's Salares Norte project located 25km to the north of the Rio Loa property.
Figure 1
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Further south, our Coya project is an epithermal high sulfidation project in close proximity to both Arqueros (1.9M ounces) and La Coipa (6.2M ounces). Shallow colluvial cover is present over most of the project; however, there are areas with abundant float and sub-crop exhibiting vuggy silica and silicified breccias with high gold and silver values.
Historical sampling on the property by a previous tenement holder yielded rock chip samples with gold values of 23.9 g/t, 5.39g/t and two further samples with the maximum values of 764 g/t gold and 719 g/t Ag respectively. (Highlights of a 796 rock chip sampling program conducted in 2017-2018 *)
*The report refers to assay values but does not provide location maps for the samples; Kingsgate Quarterly Report 30 June 2018.
Two induced polarization (IP) lines were surveyed in 2019 by Argali Geophysics and yielded a strongly resistive cap over an area of abundant silicified hydrothermal breccia float and vuggy silica. This could represent a Au-Ag mineralized sub-horizontal lithologic replacement style mineralization similar to nearby deposits.
A shallow chargeability zone coincident with the high resistivity cap may indicate disseminated sulfides in an intensely silicified rock. Underlying low chargeabilities are likely related to oxidation of more porous material. A large, deep chargeability anomaly is also present.
Figure 2
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Figure 3
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Patrick Burns, GoldHaven's Head of Exploration stated that, "We are a district play in one of the most prospective gold districts in the world. Our seven projects and our unique land-position (251 square km's) are starting to yield attractive targets. The world-class exploration team is now complete and ready to start to our exploration campaigns."
About GoldHaven Resources Corp.
GoldHaven Resources Corp. is a Canadian junior exploration company active in the Maricunga Gold Belt of northern Chile. The Maricunga measures 150 km north-south and 30 km east-west and is host to discoveries in the last ten years of 100M oz gold, 450M oz silver and 13 billion lbs copper. The Company has agreements in place to acquire seven high priority exploration targets as identified by geological studies. GoldHaven has identified four of these seven properties as being "High Priority" targets and, will commence a drilling program beginning during the first quarter of 2021. The four priority targets include Coya located approximately 16 km northeast of the La Coipa mine where Kinross has extracted over 6.2 million oz.; the second is Rio Loa, a project located 25 km south of Gold Field's Salares Norte deposit (5.2 M oz. AuEq); the third and fourth projects are Alicia and Roma which are approximately 35 km south of the Salares Norte deposit. These priority targets have been designated as High Priority owing to the extensive pervasive alteration, favourable geology and highly anomalous rock geochemistry results as well as their relative proximity to existing deposits.
We Seek Safe Harbor.
On Behalf of the Board of Directors
Daniel Schieber
For further information, please contact:
Daniel Schieber
CEO & Director
#2300 - 1177 West Hastings St.
Vancouver, B.C.
V6K 2E3
www.goldhavenresources.com
Office Direct: (604) 638-5938
Cell Direct: (604) 722-5798
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE- Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
This news release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the intended use of the proceeds received from the Offering, the possible acquisition of the Projects, the Company's expectation that it will be successful in enacting its business plans, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that investor interest will be sufficient to close the Offering, and the receipt of any necessary regulatory or corporate approvals in connection with the Offering and the Assignment, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner, the availability of financing on suitable terms for the exploration and development of the Company's projects and the Company's ability to comply with environmental, health and safety laws.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the inability to close the Offering, the inability of the Company to enter into definitive agreements in respect of the Letters of Intent which are the subject of the Assignment, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including by the Exchange, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management's Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.
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