GoldHaven Identifies 10 Additional Epithermal Gold Targets at the Alicia and Roma Projects in the Maricunga District, Northern Chile
Vancouver, November 17, 2021 - GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) ("GoldHaven" or the "Company") has identified 10 additional epithermal gold +/- silver exploration targets Alicia and Roma. Goldhaven now has a total 12 high-priority targets within a prominent regional NW-SE structural trend along strike from Gold Fields' Salares Norte deposit (5.2 million ounces gold equivalent1, currently under construction); which is located 30 to 35 km to the northwest.
Patrick Burns, GoldHaven's VP Exploration, stated: "GoldHaven has put together one of the most experienced precious metals exploration teams in South America, all of whom have extensive experience in the Maricunga gold belt. The addition of these 10 epithermal targets at Alicia and Roma increases the potential for a major discovery."
Field crews are conducting follow up exploration work on the two previously reported hydrothermal alteration zones with anomalous pathfinder elements suggesting potential for both nearby and deeper gold and/or silver targets in these areas2.
Newly Defined Targets
The 10 newly identified targets are based on favourable host rocks (dacitic-andesitic volcanic domes), favourable alteration mineralogy (opaline and silica-alunite-kaolinite mineral assemblages) and geochemical anomalism in rock and soil samples. The newly identified targets range in size from a few hundred metres in diameter to a maximum of 2,500 metres long by 750 metres wide (Alicia Sur), with several covering more than 1 square kilometre in area (see Figures 1, 2 and 3).
Previously Identified Drill Defined Targets
Drill holes ALSAR-21-001 and RMSAR-21-002 contain compelling alteration mineralogy and pathfinder element geochemical responses that are consistent with the distal epithermal gold environment and warrant follow up exploration2. Additional exploration conducted by GoldHaven at Roma and Alicia consisted of field mapping and geochemical sampling (rock, soil and talus) along the newly constructed drill access roads and in key areas of the pre-existing surface geochemical grids to refine the target locations in these two new hydrothermal alteration zones (Figures 1 and 2). Mechanical trenching is planned as part of this winter exploration program. Work is also planned on the Company's three additional projects - Valle, Condor and Jacqueline, also situated within the Maricunga district.
Figure 1. Geology and Targets at the Roma North and Roma South Prospects.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7246/103918_533c8b6624c77935_002full.jpg
Figure 2. Geology and Targets at the Alicia North Prospect.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7246/103918_533c8b6624c77935_003full.jpg
Figure 3. Geology and Targets at the Alicia South Prospect.
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/7246/103918_533c8b6624c77935_004full.jpg
The Company's project generation program continues, and additional information will be provided when available.
Qualified Person
Daniel MacNeil, P.Geo, a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has read and approved all technical and scientific information contained in this news release.
News Release References
1 Jamasmie, C., 2019. Gold Field's Salares Norte project in Chile granted environmental permit. December 18, 2019, 9:29am. Exploration Intelligence Latin America Gold Silver. https://www.mining.com/gold-fields-salares-norte-project-in-chile-granted-environmental-permit/
2 GoldHaven News Release dated October 6, 2021. https://goldhavenresources.com/news-releases/goldhaven-discovers-two-hydrothermal-alteration-zones-by-initial-drilling-at-alicia-and-roma-gold-projects-in-the-maricunga/
About GoldHaven Resources Corp.
GoldHaven Resources is a Canadian precious metals exploration company focused on acquiring and unlocking highly prospective gold projects in the Central Newfoundland Gold Belt (Canada) & the Maricunga Gold Belt (Chile). All properties have large scale discovery potential and all properties in Chile are drill-ready. GoldHaven currently holds the Pat's Pond and O'Neill projects covering approximately 228 km2 of mineral tenements in Newfoundland, Canada. The Company also holds seven Chilean projects; Rio Loa, Coya, Roma, Alicia, Condor, Jacqueline and Valle covering approximately 251 km2; many in close proximity to renowned discoveries or large precious metals mines including Salares Norte (Gold Fields), Esperanza (TDG), La Coipa (Kinross), Cerro Maricunga (Fenix Gold), Lobo Marte (Kinross), Volcan (Volcan), Refugio (Kinross/Bema), Caspiche (Goldcorp/Barrick), Cerro Casale (Goldcorp/Barrick).
On Behalf of the Board of Directors
Daniel Schieber
For further information, please contact:
Bonn Smith,
Head of Business Development
www.goldhavenresources.com
bsmith@goldhavenresources.com
Office Direct: (604) 638-3073
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE- Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the intended use of the proceeds received from the Offering, the possible acquisition of the Projects, the Company's expectation that it will be successful in enacting its business plans, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that investor interest will be sufficient to close the Offering, and the receipt of any necessary regulatory or corporate approvals in connection with the Offering and the Assignment, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner, the availability of financing on suitable terms for the exploration and development of the Company's projects and the Company's ability to comply with environmental, health and safety laws.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the inability to close the Offering, the inability of the Company to enter into definitive agreements in respect of the Letters of Intent which are the subject of the Assignment, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including by the Exchange, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management's Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103918
