VANCOUVER, British Columbia – GoldHaven Resources Corp. has announced plans for a Phase II diamond drilling program at its Copeçal Gold Project in Brazil, following a positive independent geological review of the company's maiden drill campaign and exploration model.
The independent review validated key components of GoldHaven's exploration thesis and confirmed the presence of a large-scale hydrothermal system with intrusive-related gold and base metal mineralization potential. The review identified multiple vectors toward potentially more prospective portions of the system, including sulphide zonation, widespread hydrothermal alteration, structural controls, and indications of increasing temperature toward the core of the system.
Highlights of the Review
- Independent geological review validates GoldHaven's exploration model at Copeçal
- Phase II diamond drilling program planned for approximately 1,200 metres
- Multiple geological vectors identified toward potentially stronger mineralization at depth and along strike
- East Target exhibits zoned chalcopyrite-bornite sulphide mineralization associated with increasing temperature vectors
- Untested core of the West Target gold-in-soil anomaly identified as a high-priority drill target
- Historical work by AngloGold Ashanti outlined a ~6-kilometre gold-in-soil anomaly across the project area
- Recently announced LIFE financing provides flexibility to potentially expand exploration activities across the company's project portfolio
Based on these conclusions, GoldHaven is planning a follow-up, step-out diamond drilling program consisting of approximately five to six drill holes totaling approximately 1,200 metres. The Phase II program is designed to test high-priority targets at depth and along strike at both the East and West Targets, where geological, structural, and geochemical indicators suggest proximity to a potentially more robust mineralized system.
The combination of sulphide zonation, intrusive-related alteration, structural controls, and untested geophysical targets supports GoldHaven's interpretation that Copeçal may represent a larger hydrothermal mineralized system with potential for stronger mineralization at depth and along strike.
The company's recently announced LIFE financing is expected to provide additional flexibility to evaluate expanded exploration activities across GoldHaven's portfolio, including potential follow-up drilling at Copeçal and the company's flagship Magno Project in British Columbia.
"We are very encouraged by the conclusions of the independent geological review, which reinforces our belief that Copeçal hosts a large-scale hydrothermal system with strong structural and intrusive-related mineralization potential," stated Rob Birmingham, Chief Executive Officer of GoldHaven. "The identification of multiple geological vectors, including sulphide zonation, hydrothermal alteration, and structural controls, provides a compelling framework for our next phase of drilling as we continue advancing this highly prospective gold project in Brazil."
