GoldHaven poised for inaugural drilling at B.C. project
GoldenHaven Resources Corp. [GOH-CSE, GHVNF-OTCQB, 4QS] is set to launch an inaugural drill program at its 100%-owned Magno Project in northern British Columbia after announcing the successful completion of a high-resolution airborne QMAGT magnetic survey over the project.
The company said the program is expected to consist of 5,000 to 7,000 metres of drilling with mobilization targeted for approximately August 1, 2026, subject to permitting.
The Magno Project is a district-scale polymetallic exploration asset spanning approximately 37,200 hectares of the Cassiar region of northwestern B.C. The project hosts a large intrusion-related hydrothermal system and multiple mineralized styles, including silver-lead-zinc carbonate replacement mineralization, tungsten-rich skarn systems, copper-bearing intrusions and critical minerals such as indium, bismuth and tellurium. Property-wide geological mapping and geochemical analysis have defined a classic porphyry-related metal zonation pattern, supporting the interpretation of a large, vertically and laterally extensive mineral system.
News of planned drilling comes after the company recently completed the largest modern airborne magnetic survey of the Magno Project. It consisted of 2,320.7-line kilometres of high-resolution airborne magnetic surveying at 100-metre line spacing. It encompasses the principal exploration areas, including the historic Kuhn and Dead Goat tungsten zones, the Magno and D Zone silver-lead-zinc targets and recently acquired Cassiar Moly target.
The survey has defined a continuous north-south magnetic and structural corridor linking numerous known mineral occurrences within a common geological framework.
The company said known occurrences within the corridor include surface values of up to 2,370 g/t silver, 6,550 ppm W, and 334 ppm In – one of the highest indium values ever recorded in the Cassiar District.
“This survey represents a major technical milestone for the Magno Project,’’ said GoldHaven CEO Rob Birmingham. “For the first time we can see how the historic Kuhn tungsten skarns, the Magno and D Zone CRD system and recently acquired Cassiar Moly target fit within a single structural framework,’’ he said.
“The survey demonstrates that Magno is not a collection of isolated historical showings – it is one connected mineral system with coherent structural architecture that we can now systematically map, model and drill.’’
The company said one of the most significant outcomes of the survey is the enhanced understanding of the Kuhn-Dead Goat tungsten corridor, where historical exploration outlined a historical estimate of 616,500 tonnes of grade 0.48% WO3 across four modelled mineralized lenses. GoldHaven is not treating this historical estimate as a current mineral resource or mineral reserve but considers it highly relevant in guiding ongoing exploration and drill targeting.
On Wednesday, GoldHaven shares were unchanged at 16.5 cents and trade in a 52-week range of 39 cents and $0.09.