Canadian Mining Firm Expands Magno Project Footprint With Land Acquisition

Canadian Mining Firm Expands Magno Project Footprint With Land Acquisition

GoldHaven Resources has taken a significant step forward in its plans to develop the Magno Project in north-western British Columbia, Canada. The company has signed an agreement to acquire the Hamel claims, expanding its project area to over 36,000 hectares.

The newly acquired claims cover 429.46 hectares and are located within the Cassiar Mining District, which is known for its rich mineralization. This strategic move reinforces GoldHaven’s commitment to building a robust portfolio of projects in British Columbia, with multiple mineralization styles connected by common fluid pathways and heat sources.

Recent fieldwork has shed new light on the geology of the project area, particularly the Cassiar Stock, a 72 million-year-old Cretaceous granite that is believed to play a key role in controlling mineralization. Mapping studies have revealed a strong correlation between phases of the Cassiar Stock and mineralized showings, prompting GoldHaven to expand the project area.

The Magno Project hosts a diverse range of mineralization styles, including skarns, carbonate replacement deposits, and porphyry copper-gold systems. Initial work has connected mineralized skarns along north-south and north-east-trending structures where the Cassiar Stock intrudes into the Cassiar Terrane sediments. At Magno Central, structurally controlled skarn and carbonate replacement deposit-style mineralization occurs within the Rosella formation, an area known for its silver, lead, and zinc deposits that is now also showing potential for indium and gallium.

Compared to other projects in the region, such as Coeur Mining’s Silvertip Project, GoldHaven Resources believes that the Magno Project has strong regional potential. The company’s CEO, Rob Birmingham, stated: “The acquisition of the Hamel claims strengthens our strategic land position within the Magno Project and underscores our commitment to building a district-scale mining portfolio in British Columbia.”

As part of the agreement, GoldHaven will pay C$10,000 ($7,128) in cash and issue 300,000 common shares to Robert Joseph Hamel, the vendor. The consideration shares are contingent on a standard Canadian statutory four-month hold period.

The acquisition follows recent news from GoldHaven Resources regarding its first diamond drilling programme at the Copeçal Gold Project in north-central Brazil. The project is located within the Juruena Magmatic Arc and has the potential to host significant gold deposits. This new development highlights GoldHaven’s commitment to exploring new regions and building a robust portfolio of projects.

The expansion of the Magno Project is expected to have a significant impact on the regional economy, with the potential for job creation and economic growth in north-western British Columbia. As the project moves forward, it will be essential to monitor developments closely and track any changes to the company’s guidance or production estimates.

GoldHaven Resources’ commitment to exploration and development is evident in its recent acquisition of the Hamel claims. The company’s focus on building a district-scale mining portfolio in British Columbia is seen as a key strategy for unlocking value for its shareholders. With multiple mineralization styles connected by common fluid pathways and heat sources, the Magno Project has strong regional potential and is poised for significant growth.

The expansion of the project area to 36,002.99 hectares aims to further consolidate the mineralization, providing a stronger foundation for future exploration and development. Recent mapping studies have revealed a strong correlation between phases of the Cassiar Stock and mineralized showings, prompting GoldHaven to move forward with its plans.

Monitoring developments closely will be crucial as the Magno Project progresses. The project’s potential impact on the regional economy highlights the significance of this initiative. With multiple mineralization styles connected by common fluid pathways and heat sources, the Magno Project has strong regional potential and is poised for significant growth.

GoldHaven Resources’ focus on building a robust portfolio of projects in British Columbia is seen as a key strategy for unlocking value for its shareholders. The acquisition of the Hamel claims marks an important milestone in the company’s plans to develop the Magno Project, with multiple mineralization styles connected by common fluid pathways and heat sources.

The expansion of the project area aims to further consolidate the mineralization, providing a stronger foundation for future exploration and development. Recent mapping studies have revealed a strong correlation between phases of the Cassiar Stock and mineralized showings, prompting GoldHaven to move forward with its plans.

GoldHaven Resources’ commitment to exploration and development is evident in its recent acquisition of the Hamel claims. The company’s focus on building a district-scale mining portfolio in British Columbia is seen as a key strategy for unlocking value for its shareholders. With multiple mineralization styles connected by common fluid pathways and heat sources, the Magno Project has strong regional potential and is poised for significant growth.

The acquisition follows recent news from GoldHaven Resources regarding its first diamond drilling programme at the Copeçal Gold Project in north-central Brazil. The project’s potential impact on the regional economy highlights the significance of this initiative. Monitoring developments closely will be crucial as the Magno Project progresses, with multiple mineralization styles connected by common fluid pathways and heat sources.

GoldHaven Resources’ focus on building a robust portfolio of projects in British Columbia is seen as a key strategy for unlocking value for its shareholders. The acquisition of the Hamel claims marks an important milestone in the company’s plans to develop the Magno Project, with strong regional potential and significant growth opportunities.

The expansion of the project area aims to further consolidate the mineralization, providing a stronger foundation for future exploration and development. Recent mapping studies have revealed a strong correlation between phases of the Cassiar Stock and mineralized showings, prompting GoldHaven to move forward with its plans.

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