GoldHaven Resources Corp., a prominent mineral exploration company, has significantly expanded its Magno Project through a strategic acquisition in the Cassiar District of British Columbia. The company announced the execution of a Title Transfer Agreement dated February 23, 2026, with vendor Steven Scott, securing a 100% interest in five contiguous mineral claims.
Expanding the Magno Project Footprint
The newly acquired property encompasses 231.362 hectares across five mineral claims, identified as Claim Nos. 1127358, 1118681, 1117996, 1126824, and 1124840. This acquisition boosts the total area of the Magno Project to an impressive 37,204 hectares, solidifying GoldHaven's control over a large, zoned, intrusion-related polymetallic system in the region.
Strategic Implications and CEO Commentary
Rob Birmingham, CEO of GoldHaven, emphasized the significance of this expansion. "Expanding Magno beyond 37,000 hectares further strengthens our control over what we interpret to be a large, zoned, intrusion-related polymetallic system," he stated. "The confirmation of high-grade silver-lead-zinc mineralization, extensive tungsten-skarn development, elevated copper within intrusive rocks, and strong bismuth-tellurium pathfinder anomalies supports a porphyry-driven model at depth."
Birmingham added that with existing infrastructure and a rapidly advancing geological framework, the company is positioning Magno for a disciplined 2026 drill program. This program will target copper-moly porphyry centres, CRD-style silver-lead-zinc zones, and critical-mineral potential across this district-scale asset.
Key Highlights of the Magno Project
The Magno Project boasts several notable discoveries and advancements that underscore its strategic value:
- 334 ppm Indium Discovery: This finding confirms critical mineral potential, with indium values up to 334 ppm associated with sphalerite (Zn). It represents the highest recorded in the Cassiar District, highlighting Magno's relevance amid tightening global indium supply.
- High-Grade Silver-Lead-Zinc Results: Grab samples have returned up to 2,370 g/t Ag, >20% Pb, and 19.25% Zn from the Magno and D Zones. Notably, 45 of 357 samples exceeded 100 g/t Ag, confirming widespread high-grade mineralization.
- Strong and Widespread Tungsten Mineralization: 32 samples returned >1,000 ppm W, including a peak of 6,550 ppm W at Vines Lake. Consistent values of 500–5,000 ppm W at Kuhn and Dead Goat support the presence of a robust tungsten-skarn system.
- Fully Funded Advancement Strategy: A planned $2.0 million flow-through financing supports 2026 activities, including 3D modelling, target refinement, drill planning, and verification of historical showings while expanding newly identified district-scale targets.
Acquisition Terms and Financial Details
Pursuant to the agreement, GoldHaven will issue an aggregate of 400,000 common shares, referred to as the Compensation Shares, to the vendor as consideration for the acquisition. These shares will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.
The vendor will retain no net smelter return royalty or other encumbrance on the claims, and GoldHaven will assume responsibility for applicable title transfer costs. This arrangement ensures full control and operational flexibility for the company as it advances exploration efforts.
Future Outlook and Exploration Plans
With the expanded land package, GoldHaven is poised to accelerate its exploration initiatives in the Cassiar District. The company's focus on copper-moly porphyry centres and critical minerals aligns with growing global demand for these resources. The 2026 drill program aims to delineate high-potential zones and further validate the geological model, leveraging the project's strategic location and existing infrastructure.
This acquisition not only enhances GoldHaven's asset portfolio but also positions the Magno Project as a key player in the mining sector, with potential implications for regional economic development and resource sustainability.
