GoldHaven Identifies Metal-Rich Zone in Open-Ended Trend on Smoke Mountain Polymetallic Project; Will Advance Towards Drill Testing
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
GoldHaven Identifies Metal-Rich Zone in Open-Ended
Trend on Smoke Mountain Polymetallic Project;
Will Advance Towards Drill Testing
Vancouver, British Columbia – (CNW. – January 25, 2023) – GoldHaven Resources Corp. (CSE:
GOH) (OTCQB: GHVNF) (FSE: 4QS) (“GoldHaven” or the “Company”) will advance the
Smoke Mountain Polymetallic project towards drill testing in 2023 given the positive results
from the Company’s 2022 exploration campaigns, which included airborne ZTEM and LiDAR
surveys.
GoldHaven CEO, Justin Canivet states “We are very pleased with the results of our 2022
exploration work. We have successfully identified new targets based on airborne geophysics
which bring technical confidence and added scale to the targets we have identified on the ground.
This is an exceptionally mineralized belt with road access and superb gold-silver-copper
endowment. 2023 will be an exciting year for the company as we bring a spectrum of new
porphyry, polymetallic, and structurally-controlled gold targets to the drill testing stage.”
Smoke Mountain is strategically situated within the Central British Columbia Porphyry-
Epithermal Belt; an extensive 85 kilometre polymetallic belt that is highly prospective for gold-
silver-zinc epithermal systems, porphyry copper-gold deposits, as well as gold and silver-rich
magmatic-hydrothermal occurrences (Figure 1). The region has the potential to host some of
the largest copper-polymetallic discoveries in British Columbia.
Smoke Mountain Exploration Program Update
During 2022, GoldHaven’s technical team completed a fieldwork campaign including geological
mapping, soil sampling, stream sediment sampling and prospecting/rock sampling. The
Company also completed geophysical work including airborne LiDAR, Airborne Magnetics,
Radiometrics and Z-Tipper Axis Electromagnetic (“ZTEM”) surveys. Geochemical data is
currently being processed and evaluated, and these results are expected later in Q1, 2023.
Key outcomes from the 2022 Exploration Campaign include:
1. New geological mapping has refined the distribution of favourable host rocks and
refined the overarching geological architecture of the project.
2. Significant “breaks” or lineaments in the LiDAR and magnetic data have been
identified and these correspond to a metal-rich zone in an open-ended trend on the
east side of the land position.
3. A major ZTEM conductive feature has been identified in the west-central part of
the property.
GoldHaven Resources Corp.
News Release 2 January 25, 2023
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
4. Multiple targets for follow-up include alteration zones which are associated with
prominent conductivity and magnetic low geophysical features.
Maps for the property scale work (LiDAR, geology, magnetics and ZTEM) are shown on Figure
2. The location of 2022 soil, stream sediment and rock sample locations are also shown on Figure
2. The geochemical results are expected during Q1, 2023.
Figure 1. The location of the Smoke Mountain property in the Central BC porphyry-epithermal belt. Note, the mines,
deposits, and prospects in this part of BC provide geologic context for the Smoke Mountain property, but these are not
necessarily an indication that the Property hosts similar grades or tonnages of mineralization.
Smoke Mountain
GoldHaven Resources Corp.
News Release 3 January 25, 2023
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
High-priority follow-up
GoldHaven is currently building out a work program for 2023 that will focus on drill target
delineation, and further expansion of grids and mapping areas to extend known anomalous areas
as well as to identify additional target areas. One of the objectives for the company is to drill test
some of the new target areas in Q3-Q4 of 2023. The work plan will include:
1. Detailed geophysical inversion work on the new survey data.
2. Evaluation of LiDAR data and updated interpretation and context to geochemical
anomalies.
3. Induced polarization (IP) ground geophysics to add confidence to new target areas.
4. Expanded mapping and stream sediment/soil sampling programs.
5. Plan a 2500m first-pass drill program to test high-priority targets.
Figure 2. Results from the 2022 Exploration Program at Smoke Mountain which included a Light Detection and Ranging
(“LIDAR”) survey and digital elevation modelling (“DTM”; Figure 2A), new property scale geological mapping (draped
on DTM; Figure 2B), additional airborne Total Magnetic Intensity geophysical data (draped on DTM; Figure 2C) and
airborne Z-Axis Tipper Electromagnetic (“ZTEM”) geophysics (draped on DTM; Figure 2D). A ZTEM feature of interest
is circled (dashed line; hot colours represent elevated conductivity) and corresponds to a region of elevated conductivity
considered prospective for porphyry related alteration and mineralization.
GoldHaven Resources Corp.
News Release 4 January 25, 2023
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
2022 Exploration Activities
Mapping, Sampling and Prospecting
Exploration at the Smoke Mountain property during 2022 was conducted by Dahrouge Geological
Consulting Ltd. Field work was completed from June 22 to July 9, with a maximum of six crew
members, and from September 3 to September 28, with a maximum of four crew members. Field
personnel stayed in Houston with access to the property provided by Westland Helicopters from
their Houston base.
In the south-central part of the property, soil sampling and geological mapping were completed in
a grid pattern along east-west traverses (spaced 200m apart). Soil samples were collected at 50
meters stations. Soil sampling and geological mapping were also completed along curvilinear
traverses on the prominent ridge extending southwest from Smoke Mountain and several
preliminary airborne geophysical targets were investigated with soil sampling traverses (50 to
100m nominal sample spacings). In addition, helicopter-supported stream sediment sampling was
completed across the property. Prospecting was incorporated into the geological mapping program
and grab samples of altered and/or mineralized rocks were collected.
The 2022 field program at Smoke Mountain resulted in the collection of 1044 samples: 932 soil
samples, 58 stream silt samples, 4 stream heavy mineral concentrate samples and 50 rock samples.
An additional 86 quality assurance samples (field duplicates, certified reference materials, and
quartz blanks) were inserted before shipment for an overall total of 1130 samples submitted for
geochemical analysis. Sample preparation and fire assays – AA gold determinations of rock and
HMC samples were performed at the Actlabs laboratory in Kamloops, BC. Aqua regia – ICP-MS
multi-element analysis of all samples was performed at the Actlabs laboratory in Ancaster,
Ontario. These geochemical results are expected in Q1, 2023.
Z-Axis Tipper Electromagnetic (“ZTEM”) Airborne Geophysical Survey
A ZTEM airborne natural field electromagnetic survey was conducted by Geotech Ltd. during
August 14-17, 2022. The ZTEM survey produced a 2 x 4-kilometre conductive feature that is
considered prospective for porphyry mineralization and alteration. The ZTEM feature is coincident
with a strong magnetic gradient (Figure 2C) in an area of high geological complexity (faults and
intrusions; Figure 2B). The ZTEM feature will be the focus of additional geophysical and
geological modelling to refine its size, shape and depth continuity with the objective of advancing
it to a drill target.
The total area coverage was 168 square kilometres including 608-line kilometres, along 300m-
spaced, NW-SE oriented flight lines and orthogonal NE-SW 3km-spaced tie-lines. The principal
sensors included a Z-Axis Tipper electromagnetic (ZTEM) and magnetic system, consisting of a
towed-bird ZTEM vertical dipole receiver coil and a cesium magnetometer, flown at an avg. height
of 108m and 123m, respectively, as well as two fixed, orthogonal ZTEM compact receiver sensors
and a second cesium magnetometer at the base station. ZTEM tipper data at six frequencies, from
30Hz to 720Hz, were collected and processed.
GoldHaven Resources Corp.
News Release 5 January 25, 2023
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
Light Detection and Ranging Airborne Survey
GoldHaven also contracted Eagle Mapping to conduct a Light Detection and Ranging “LiDAR”
survey for the Smoke Mountain Land position (Figure 2A). Eagle Mapping provided aerial
photography for the Smoke Mountain project. LiDAR data was collected at a minimum density of
10 ppm and the colour aerial photography was orthorectified to the LiDAR bare earth model to
produce an orthophoto with a 15cm pixel resolution. Digital elevation model (“DEM”), a digital
surface model (DSM), and contours were generated from the survey data.
Highly Prospective Region
GoldHaven’s 8,461 hectare Smoke Mountain property is strategically situated within an extensive
85 kilometre polymetallic belt that is highly prospective for gold-silver-zinc epithermal
systems, porphyry copper-gold deposits, as well as gold and silver-rich magmatic-
hydrothermal occurrences. The property is road accessible from Houston via a series of gravel
forest service roads off Highway 16.
Exploration activity in the area has been renewed in this historic mining region, propelled by the
ongoing expansion of advanced exploration projects and mines including:
• Universal Copper’s Poplar project (18km NE) hosting 236Mt @ 0.37% Cu1
• Surge Copper’s Berg project (15km SW) with reserves of 238Mt @ 0.4% Cu; 0.05%
Au2
• Imperial Metals' Huckleberry project (26 km SE) containing 161Mt @ 0.48% Cu3
Note: the mines, advanced exploration and development projects in the Central BC porphyry-epithermal belt provide geologic
context for the Smoke Mountain Property, but this is not necessarily indicative that the Project host similar grades or tonnages of
mineralization.
The historic Central BC porphyry-epithermal belt is re-emerging as an important copper-gold-
silver jurisdiction as evidenced by increased staking activity and exploration drilling. The region
is quickly becoming known for its long mineralized drill intercepts including Universal Copper’s
216m interval grading 0.54% CuEq (click here for release) and has the potential to host some of the
largest copper-polymetallic discoveries in British Columbia.
In recent news, Surge Copper discovered a new high-grade silver-rich zone in 2022 drilling
(click here for release) increasing the number of target areas and exploration upside.
These results in the immediate vicinity of GoldHaven’s Smoke Mountain project showcase the
exceptional regional endowment and metallogenic character of the Late Cretaceous arc rocks
hosted within this belt. GoldHaven’s exploration potential lies in the untested and under-
explored alteration and mineralization trends, as well as newly identified geophysical targets.
Smoke Mountain Expansion Option Agreement
Pursuant to the Company’s news release dated September 8, 2022, whereby the Company reported
the expansion of the Smoke Mountain Property, the Company may earn a 100% interest in the
GoldHaven Resources Corp.
News Release 6 January 25, 2023
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
Smoke Mountain 5-7 claims pursuant to an option agreement dated September 8, 2022 (the
“Option”). In consideration for the granting of the Option and to maintain the Option, GoldHaven
shall, during the Option Period, issue to the Optionors an aggregate of $337,500 in GoldHaven
Shares at a deemed price of $0.14 and make cash payments to the Optionors in the amount of
$281,250 as follows:
Payment Period Consideration(1)
a) On the Effective Date (September 8, 2022, pending) $18,750 and $84,375 in shares
b) On or before 12 months from the Effective Date $37,500 and $84,375 in shares (optional)
c) On or before 24 months from the Effective Date $75,000 and $84,375 in shares (optional)
d) On or before 36 months from the Effective Date $150,000 and $84,375 in shares (optional)
(1) the optional payment share issuances is determined by the dividing the dollar amount by the Market Price at the
date of issuance.
Where the number of GoldHaven shares issuable shall be determined by dividing the $ amount by
the Market Price at the date of issuance and in no instance shall it be less than $0.14. The Optionors
retain a 2.5% NSR royalty (buyable down to 2%) and there are no work commitments on the
property.
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. Mr. MacNeil is Technical Advisor to GoldHaven Resources Corp.
About GoldHaven Resources Corp.
GoldHaven Resources Corp. is a Canadian junior precious metals exploration Company focused on
acquiring and exploring highly prospective land packages in both Canada and Chile. GoldHaven
maintains a strategic presence in the gold and silver rich Maricunga Gold Belt of Northern Chile which
is host to several mining and advanced exploration projects including Salares Norte (Gold Fields),
Esperanza (Kingsgate Consolidated), La Coipa (Kinross), Cerro Maricunga (Fenix Gold), Lobo Marte
(Kinross), Volcan (Volcan), Refugio (Kinross/Bema), Caspiche (Goldcorp/Barrick), and Cerro Casale
(Goldcorp/Barrick). The Company has identified a total of 12 high-priority targets at its Alicia and
Roma project areas in the Maricunga within a prominent regional NW-SE structural trend along strike
from Gold Fields’ Salares Norte deposit (5.2 million ounces of Gold7). These targets have been
designated “High Priority” due to the extent, pervasive alteration, favourable geology, highly
anomalous rock geochemical results, and their relative proximity to existing deposits. GoldHaven is
also making exploration progress at its Smoke Mountain property (Canada) which is strategically
located in the Central British Columbia Porphyry-Epithermal Belt in close proximity to Surge Copper’s
Berg project, as well as its Pat’s Pond project in Newfoundland’s Central Newfoundland Gold Belt
(Canada). Pat’s Pond is strategically located less than 20km from Marathon Gold’s 3.14 Moz8
Valentine Gold Project and on strike from the Boomerang/Domino VMS deposit. Pat’s Pond is highly
prospective for gold, copper, silver and zinc and has large scale discovery potential. GoldHaven
GoldHaven Resources Corp.
News Release 7 January 25, 2023
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
engages proactively with local and Indigenous rightsholders and seeks to develop relationships and
agreements that are mutually beneficial to all stakeholders.
On Behalf of the Board of Directors
Justin Canivet, CFA
Chief Executive Officer
For further information, please contact:
Bonn Smith,
Business Development
www.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.
News Release References
1 Giroux, G.H., 2012. MINERAL RESOURCE UPDATE on The POPLAR DEPOSIT, OMINECA MINING DIVISION BRITISH COLUMBIA.
Prepared for Lions Gate Metals Inc. Prepared by Giroux Consultants Ltd. Effective Date: March 30, 2012
https://www.universalcopper.com/UNV_Presentation_Web.pdf?a28db
2 Norton, C., Huang, J., and Lui, D., Updated Technical Report and Mineral Resource Estimate on the Berg Project, British Columbia. A NI 43-
101 Technical Report prepared by Tetra Tech Canada Inc. EFFECTIVE DATE: MARCH 9, 2021; RELEASE DATE: MAY 4, 2021.
https://surgecopper.com/news-releases/surge-copper-announces-filing-of-technical-report-for-mineral-resource-estimate-on-its-berg-property/
3 Christensen, K., Connaughton, G.R., and Ogryzlo, P., 2011. TECHNICAL REPORT ON THE MAIN ZONE OPTIMIZATION HUCKLEBERRY
MINE OMINECA MINING DIVISION BRITISH COLUMBIA, CANADA. Prepared for Huckleberry Mines Ltd. and Imperial Metals Corporation
November 22, 2011 The effective date of the exploration data is September 1, 2011, Amended May 11, 2016.
https://www.imperialmetals.com/assets/docs/2016-hml-43-101-technical-report-on-the-main-zone-optimization.pdf
4 Burga D., Barry J., Grant D., Hutter J., Puritch E., Sutcliffe, R.H., and Wu, Y., 2019. INITIAL MINERAL RESOURCE ESTIMATE AND
TECHNICAL REPORT ON THE NUMBER 3 VEIN, SILVER QUEEN PROPERTY, OMINECA MINING DIVISION, BRITISH COLUMBIA,
CANADA. Prepared for NEW NADINA EXPLORATIONS LIMITED
NI 43-101 & 43-101F1 TECHNICAL REPORT by P&E Mining Consultants Inc. Effective Date: July 15, 2019 Signing Date: August 29, 2019.
https://equitymetalscorporation.com/site/assets/files/3673/sq_ni43-101_aug29_2019.pdf
5 https://sunsummitminerals.com/news/2021/sun-summit-drills-31-6-g-t-gold-over-4-0-metres-including-246-g-t-gold-over-0-5-metres-in-the-
trench-zone-and-1-07-g-t-gold-over-109-metres-including-7-17-g-t-gold-over-5-2-metres-in-the-horseshoe-zo/
6 Diakow, L.J., and Drobe, J.R., 1989. The Geology and Mineral Occurrences in the North Newcombe Lake Map Sheet, NTS 093E/14. Open File
Map 1989-1 British Columbia Ministry of Energy, Mines and Petroleum Resources Map.
7 Jamasmie, C., 2019. Gold Fields 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/
8 https://marathon-gold.com/valentine-gold-project/
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
GoldHaven Resources Corp.
News Release 8 January 25, 2023
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
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.