en.Wedoany.com Reported - GoldHaven Resources Corp. reported the results of an independent geological assessment of its Copecal project in Mato Grosso State, Brazil. The assessment, based on core analysis from the company's first diamond drilling program (9 holes totaling 1,085.7 meters), validates and expands the understanding of the project.
The assessment confirmed a potentially large, structurally controlled hydrothermal gold system, identifying vectors toward higher-grade mineralization in both the East and West target areas. The project features an approximately 6-kilometer soil gold anomaly, originally discovered by AngloGold Ashanti through historical exploration. High-grade gold enrichment in the West target area is associated with fold structures, with the core zone remaining largely untested; the East target area confirmed a shear zone-controlled mineralized belt containing zoned sulfide assemblages, indicating increasing temperatures and a direction toward stronger mineralization.
Gustavo Almeida, Senior Project Geologist in Brazil, stated: "The geological features identified during the initial drilling phase at Copecal are consistent with expectations for an intrusion-related hydrothermal system." CEO Rob Birmingham said the independent assessment strengthens the company's confidence in a large mineralized system and noted that "vectors toward stronger mineralization in both the East and West target areas are clear, and significant portions of the system remain untested."
Goldhaven also announced its intention to complete an additional non-brokered private placement through the issuance of up to 2,641,509 flow-through shares at C$0.265 per share, for maximum gross proceeds of C$700,000. Combined with the previously completed 2026 flow-through offering, total financing is expected to be approximately C$2.75 million, to fund exploration drilling at the Magno project.
The Phase 2 drilling program is scheduled for the second quarter and will test high-priority structural and geophysical targets. The company is advancing detailed structural modeling and 3D interpretation for the Copecal project and refining targets. Modern exploration has included 107 auger drill holes, VLF-EM, and drone magnetic surveys, identifying fold and intrusive structures.
Currently, Goldhaven has 49.71 million shares outstanding, with a market capitalization of approximately C$14 million, and a strategic entity holds a 7.95% interest.
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