GoldHaven Provides Update on Activities at Rio Loa and Announces US Trading Symbol Change to OTCQB: GHVNF
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2020) - GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) ("GoldHaven" or the "Company") reports that GoldHaven crews have been conducting a trenching program to expose a 3.5km long by 1 to 1.5km wide high sulphidation alteration system below a thin cover of colluvium at Rio Loa.
The trenching has successfully discovered additional hydrothermal breccias within the Miocene age basement volcanics, volcanic breccias, epiclastic units with arenaceous sediments and dacitic domes. Opaline silica and minor kaolinite clay, typically associated with the steam heated alteration zone also occur within the newly discovered hydrothermal breccias. The presence of hydrothermal breccias are important as they form the host rocks to the gold and silver mineralization in deposits such as the Gold Field's Salares Norte project located 25km to the north of the Rio Loa property.
The photos below show the area being trenched and the hydrothermal breccias discovered. The trenching, mapping and sampling program should be completed within the next week to 10 days, with assay results anticipated prior to the commencement of a Phase I drill program in January.
To view an enhanced version of Figure 1, please visit:
To view an enhanced version of Figure 2, please visit:
Patrick Burns, GoldHaven's Head of Exploration stated:
"These exciting new developments at our Rio Loa project confirm that we have identified a large system with a high concentration of pathfinder element anomalies. GoldHaven is well-funded and plans to conduct additional infill trenching and sampling as well as geophysics over the large alteration zone immediately in order to prepare for a Phase I drill program in early 2021 at Rio Loa and also at our Roma Sur project. At the same time we will be advancing the Alicia and Coya projects which are also located within the prolific Maricunga Gold Belt."
About GoldHaven Resources Corp.
GoldHaven Resources Corp. is a Canadian junior exploration company active in the Maricunga Gold Belt of northern Chile. The Maricunga measures 150 km north-south and 30 km east-west and is host to discoveries in the last ten years of 100M oz gold; 450M oz silver and 13 billion lbs copper. The Company has agreements in place to acquire seven high priority exploration targets as identified by geological studies. GoldHaven has identified four of these seven properties as being "High Priority" targets and, will commence a drilling program beginning during the first quarter of 2021. The four priority targets include Coya, located approximately 16 km northeast of the La Coipa mine where Kinross has extracted over 6.2 million oz.; the second is Rio Loa, a project located 25 km south of Gold Field's Salares Norte deposit (5.2 M oz. AuEq); the third and fourth projects are Alicia and Roma which are approximately 35 km. south of the Salares Norte deposit. These priority targets have been designated as High Priority owing to the extensive pervasive alteration, favourable geology and highly anomalous rock geochemistry results as well as their relative proximity to existing deposits.
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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.
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