GoldHaven raising $5.75 million for B.C. and Brazil drilling
GoldHaven Resources Corp. [GOH-CSE, GHVNF-OTCQB, 4QS] is upsizing the targeted proceeds from a previously announced LIFE offering that is now expected to raise up to $5.75 million. That’s up from the earlier $5.0 million target.
The company said the offering will consist of units priced at 25 cents per unit, with each unit consisting of one common share and one half of one common share purchase warrant. Each warrant will entitle the holder purchase one common share for 35 cents from the 62nd day after issuance until the date that is 24 months following the closing date, likely to occur on June 12, 2026.
The company has said it will use the proceeds to advance the company’s Magno Project in northern British Columbia and Copecal project in Mato Grosso, Brazil.
GoldHaven shares were unchanged Friday at 25 cents. The shares trade in a 52-week range of 39 cents and $0.090.
“This financing positions GoldHaven to aggressively advance both of our core assets,’’ said GoldHaven CEO Rob Birmingham. “At Magno, we are now fully funded to execute and expand a significant 2026 drill program across multiple high-priority zones, while continuing to build on strong initial drilling success at Copecal,’’ he said. “We believe this dual-track approach provides shareholders with near-term discovery potential and longer-term growth across two highly prospective districts.’’
Subject to completion of the LIFE financing, the company plans to launch a Phase 11 drill program at the 100%-owned Copecal gold-copper project in the third quarter of 2026. The Copecal project is situated within the Alta Floresta Gold Province, a historically productive region that has yielded substantial gold discoveries since the late 1970s.
The company recently announced the expansion and ongoing completion of its high-resolution and airborne geophysical survey across the 100%-owned Magno Project located in the Cassiar District of northern British Columbia. The survey has been expanded to 2,237 line-kilometres from the originally planned 1,741 line-kilometre program and is designed to support a planned 5,000-metre 2026 drill program targeting the Magno, Kuhn and D Zones.
“This expanded airborne program represents a major advancement in our systematic approach to unlocking district-scale potential at Magno,’’ said Birmingham.
The company said recent surface work at Magno has identified multiple high-priority corridors supported by strong silver-lead-zinc and tungsten-indium mineralization, including silver values up to 2,370 g/t, tungsten up to 6,550 ppm and indium values up to 334 ppm.
The Magno Project is a district-scale polymetallic exploration asset spanning approximately 37,200 hectares. 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.