Announcement • Jul 16
GoldHaven Resources Corp. Completes and Interprets High-Resolution Airborne QMAGT Magnetic Survey over Magno Project
GoldHaven Resources Corp. has completed and interpreted its high-resolution airborne QMAGT magnetic survey over the Company's 100%-owned Magno Project in northern British Columbia. Completed by Dias Geophysical, the survey comprised 2,320.7 line-kilometres flown at 100-metre line spacing, producing what GoldHaven believes is the most detailed modern airborne magnetic dataset collected across the Magno Project. Interpretation of the dataset has now been completed, defining a continuous district-scale structural corridor that links numerous known mineral occurrences while identifying multiple previously unrecognized exploration targets across the Company's 37,000+ hectare land package. The survey defines a continuous north-south magnetic and structural corridor linking numerous known mineral occurrences within a common geological framework. Known occurrences within the corridor include surface values of up to 2,370 g/t Ag, 6,550 ppm W and 334 ppm In. The survey identifies multiple previously unrecognized magnetic anomalies, structural intersections and intrusive-related features across the property. The survey integrates airborne geophysics with geological mapping, historical drilling and surface geochemistry to substantially improve drill targeting. Northtech Drilling is engaged for the Company's inaugural 5,000–7,000 metre drill program, with mobilization targeted for approximately August 1, 2026, subject to permitting. The survey has significantly advanced GoldHaven's understanding of the district-scale geological architecture underlying the property. Interpretation of the data defines a continuous north-south magnetic and structural corridor that spatially correlates with numerous known occurrences of tungsten, silver, lead, zinc, copper and molybdenum mineralization. The survey has identified multiple previously unrecognized magnetic anomalies, structural intersections and intrusive-related magnetic features that significantly enhance the Company's ability to prioritize future drill targets. The survey encompasses the Company's principal exploration areas, including the historic Kuhn and Dead Goat tungsten zones, the Magno and D Zone silver-lead-zinc targets, and the recently acquired Cassiar Moly target. GoldHaven now has a consistent, property-wide geophysical framework linking these mineralized centres within a single regional geological setting. The new airborne dataset provides GoldHaven with a consistent geological framework across more than 37,000 hectares of prospective ground. By integrating the magnetic data with historical drilling, surface geochemistry and geological mapping, the Company can more effectively prioritize drill targets, evaluate the relationship between known mineral occurrences and systematically explore areas that have seen little or no previous work. The vertical magnetic gradient product enhances structural resolution by clearly defining major geological contacts, lineaments and structural intersections. Many of these features have seen little or no historical exploration and represent priority targets for follow-up mapping, prospecting and drilling. 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 approximately 616,500 tonnes grading 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. Historical drilling within the Kuhn Zone intersected numerous high-grade tungsten-bearing skarn intervals, including: 13.0 metres grading 0.55% WO3; 11.3 metres grading 0.59% WO3 and 0.10% MoS2; 6.0 metres grading 0.58% WO3; 4.4 metres grading 0.75% WO3 and 0.17% Cu; 4.0 metres grading 1.32% WO3 and 0.26% MoS2. A Qualified Person has not completed sufficient work to classify the historical estimate as a current mineral resource or mineral reserve, and GoldHaven is not treating the historical estimate as a current mineral resource or mineral reserve. The historical estimate is considered relevant to investors as it demonstrates the presence of a significant tungsten-bearing system and assists in guiding exploration and drill targeting. The new airborne magnetic survey demonstrates that the historic Kuhn-Dead Goat tungsten system is situated within a much larger regional structural framework extending across the Magno Project. This significantly improves GoldHaven's understanding of the geological setting surrounding the historical tungsten mineralization while providing a stronger technical basis for evaluating extensions of the system and identifying additional drill targets. Beyond tungsten, the Magno Project has returned surface indium values of up to 334 ppm, representing the highest indium values reported in the Cassiar District. Both indium and tungsten are recognized as critical minerals by Canada and the United States due to their importance in advanced manufacturing, defence technologies and semiconductor supply chains. The identification of both metals within the same district-scale structural corridor further enhances the strategic significance of the Magno Project and supports continued systematic exploration of the broader mineral system. Northtech Drilling is engaged for an inaugural 5,000–7,000-metre diamond drill program. Mobilization is targeted for approximately August 1, 2026, subject to receipt of final exploration permits. Airborne magnetic data is integrated with geological mapping, historical drilling and surface geochemistry to finalize drill collar locations across the Kuhn tungsten corridor, Magno and D Zone silver-zinc CRD targets, and QMAGT-generated intrusive targets. Prospecting and geochemical follow-up is planned on the Storie molybdenum occurrence and Cassiar Moly target, now confirmed within the district-scale magnetic corridor. Final exploration permit applications are advancing in parallel with drill target finalization. Interpreted QMAGT products, geological map updates and drill target summaries are to be provided as they are finalized.
