GoldHaven Signs Letter of Intent for Proposed Plan of Arrangement in Chile
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
GoldHaven Signs Letter of Intent for
Proposed Plan of Arrangement in Chile
Advanced Exploration with a Clear Path to Gold Production
Vancouver, British Columbia - (January 5, 2022 ) - GoldHaven Resources Corp. (CSE: GOH) (OTCQB:
GHVNF) (FSE: 4QS) ("GoldHaven" or the "Company") has entered into a Letter of Intent (the "LOI")
dated December 21, 2022, to assess a Plan of Arrangement (the “POA”) with Oro Atacama SpA (“Oro
Atacama”), a private Chilean mining group with three properties (India Coya, Los Sapos, Pepita) - two
of which are at an advanced-stage of exploration with a clear path to gold production. All are located
within Chile’s Atacama region and in close proximity to GoldHaven’s existing project portfolio in the
Maricunga.
According to the POA, GoldHaven Resources Corp. will incorporate a wholly owned subsidiary, Oro
Atacama Minerals Corp. (“Oro Atacama Minerals”), which will acquire all of the outstanding common
shares of Oro Atacama SpA, as well those of GoldHaven’s existing subsidiaries, GoldHaven Resources
Chile SpA and 1243461 B.C. Ltd., which hold all of GoldHaven’s Chilean properties (including Roma
& Alicia).
P
ursuant to the POA, GoldHaven and
Oro Atacama SpA shall settle and
execute the definitive acquisition and
arrangement agreements and upon
satisfactory regulatory review, the
transaction will close and the common
shares of Oro Atacama Minerals
Corp. shall commence trading on the
CSE as a separate company.
Upon closing of the transaction,
GoldHaven shareholders will receive
one share of Oro Atacama Minerals
Corp. for every “x" shares of
GoldHaven held as of the share
distribution record date which will be
announced in a forthcoming news
release - “x” is to be determined as part
of the transaction process. Barring any
unforeseen delays it is expected that this transaction could take up to 4-5 months to complete.
Oro Atacama Minerals Corp.: Chilean-Focused Gold Production and Exploration
Upon closing of the proposed POA, Oro Atacama Minerals Corp. will hold a 100% interest in
GoldHaven’s Chilean exploration portfolio (see Figure 2) as well as Oro Atacama’s India Coya, Los
Figure 1. India Coya Operation
GoldHaven Resources Corp.
News Release 2 January 5, 2023
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
Sapos, and Pepita production/exploration properties and will become
a premium vehicle for early-stage exploration and small-scale gold
production in Chile.
Following completion of the POA, GoldHaven Resources Corp. will
continue to trade on the CSE and remain focused on advancing
exploration at Smoke Mountain, located in the Central British
Columbia Porphyry-Epithermal Belt and Pat’s Pond located in the
Central Newfoundland Gold Belt. Both properties have shown
promising early exploration data. GoldHaven will also actively
evaluate additional Canadian exploration opportunities.
GoldHaven’s Current Land Positions in Chile
GoldHaven Resources Corp. currently owns 100% interest in 7
different properties (totalling over 250km2) in the Maricunga Gold
Belt of Northern Chile. The Company’s highly skilled technical team
has identified a total of 12 epithermal gold +/- silver exploration
targets at its Alicia and Roma project areas which are located within a prominent regional NW-SE
structural trend along strike from Gold Fields’ Salares Norte deposit (2021 probable reserves: 20.7Mt
@ 5.2g/t gold [3.5Moz], 58.4g/t silver [39Moz]1).
India Coya: Most Advanced (55 Hectares)
India Coya consists of a gold-copper vein system,
with a general NS strike, hosted in a Cretaceous aged
intrusion (granodiorite). The property is located 25km
south of Copiapó and 5km from Route 5 (Pan-
American Highway).
To date, an extensive 8,000 metre drill campaign has
been completed (2012-2014) from the interior of the
mine. To execute this campaign, 15 drilling platforms
were constructed, and holes were drilled in a fan-like
distribution (Figure 5).
Results from this drilling confirm the presence of a
Principal Structure that aligns mineralization and has
identified at least three mineralized lenses. The
largest of these lenses being 201 metres long, 150
metres high and with an average width of 3.11 metres
in width.
Los Sapos: Robust Grades & High Accessibility
(229 Hectares)
Located 70km south of Copiapó, and 15km from Route
5, Los Sapos is situated in a district containing auriferous quartz veins where gold content ranges between
below detection and 20.0 g/t2. There are three main veins on the property, the largest is continuous for
Figure 2. GoldHaven’s Chilean Portfolio
Figure 3. Processing Plant at India Coya
Figure 4. Processing Equipment at India Coya
GoldHaven Resources Corp.
News Release 3 January 5, 2023
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
2.5 km and the other two are 0.5 and 1 km long, respectively. There
are several smaller veins which are continuous from between 100 and 250
metres along strike.
To date, two drill campaigns have been completed totalling 3,400
metres of drilling and focused in the northern part of the property (~30%
of the vein area).
Pepita: Under-explored Vein System
Pepita is a vein system with 500 metres of strike length that ranges
between 2 and 5 metres in thickness. The vein system is oriented north-
south and dips 70° toward the East. Limited exploration has been
performed at Pepita to date.
Raul Dagnino, President of Oro Atacama SpA, is also President of
Terraservice, a private Chilean company that provides drilling services
for a number of mining and exploration companies. Raul has many years
of experience in drilling and exploration in the Atacama region of Chile.
Raul comments, “This proposed strategic transaction combining Oro
Atacama’s advanced stage exploration projects with GoldHaven’s
longer term opportunity for larger ore discoveries is a formidable step
towards unlocking the most value in Chile for both companies. I look
forward to working with Justin and his team at GoldHaven to move
through the due diligence process as quickly as possible and to work towards achieving our ultimate goals
of fast-tracking production, generating positive cash flow and maximizing shareholder value.”
According to GoldHaven CEO, Justin Canivet, “It has always been a central focus of mine to deliver as
much shareholder value as possible in Chile for GoldHaven shareholders. I am thrilled to be moving
forward with Oro Atacama and our proposal to create a new and exciting gold junior with advanced
stage exploration projects that have the potential to be fast tracked towards production and provide
much needed cash flow. This cash flow will help fund further exploration campaigns at GoldHaven’s
previously identified high priority drill targets in the Maricunga.”
Details Of Proposed Plan of Arrangement
Oro Atacama Minerals Corp. shall complete a pre-POA financing to cover transactional working capital
via the issuance of 625,000 special warrants (the “Special Warrant”) at $0.40 per Special Warrant raising
gross proceeds of $250,000. The Special Warrants shall be automatically exercised during the execution of
the POA.
Concurrent with the close of the POA, the Company shall settle consulting fees of $468,750 due and owing
at that time by the issuance of 937,500 shares.
GoldHaven and Oro Atacama SpA will also prepare the requisite technical report(s), financial statements
and MD&As, audit reports, fairness opinions and additional disclosure for stock exchange review and
acceptance.
Figure 5. India Coya:
Drill Holes Program
GoldHaven Resources Corp.
News Release 4 January 5, 2023
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
Once the CSE provides its conditional approval of the proposed transaction, GoldHaven shall then apply to
the Supreme Court of British Columbia for an interim court order to hold a general meeting of GoldHaven
shareholders to approve the POA.
Upon the grant of such interim order, both GoldHaven and Oro Atacama shall hold general meetings for
shareholder approval of the POA.
During the foregoing, GoldHaven and its financing engagement team shall secure an additional $2,000,000
in financing through the offering of 4,000,000 common shares of Oro Atacama Minerals Corp. at the price
of $0.50 per common share to be held in trust by GoldHaven or a registered securities dealers pending the
POA closing. Funds will be used to get production started at India Coya and Los Sapos and to continue
with further surface trenching and geochem analysis at Alicia and Roma where GoldHaven has already
identified 12 high priority targets.
Upon shareholder approval, GoldHaven will obtain the final court order to complete the transaction.
This distribution of the Oro Atacama Minerals Corp. shares to GoldHaven shareholders shall be based on
a ratio to be calculated by dividing (i) a majority percentage of the number of Oro Atacama Minerals Corp.
shares that will be issued to GoldHaven for the purchase by Oro Atacama Minerals Corp. of GoldHaven’s
two Chilean property holding companies by (ii) the number of GoldHaven common shares outstanding as
of the scheduled record date for the distribution of such Oro Atacama Minerals Corp. shares.
Upon the completion of GoldHaven’s $2,000,000 financing GoldHaven will present the final court order
and its updated applications for the approval of Oro Atacama Minerals Corp.’s listing on the CSE.
Following shareholder approval, court order approval and CSE approval, the parties shall complete the
Acquisition.
No assurance can be given at this time that the proposed POA will be completed, that the conditions to
closing will be satisfied or that the terms of the Plan of Arrangement will not change materially from those
described in this news release.
The details of the Acquisition will be provided in the management information circular, which will be
mailed to the shareholders of GoldHaven and will be available on www.sedar.com under the profile of
GoldHaven.
The Letter of Intent is binding insofar as confidentiality and exclusivity only.
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 (21.1Mt at 5.1g/t gold and 57.9g/t silver for 3.5Moz of gold1). 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 Resources Corp.
News Release 5 January 5, 2023
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
GoldHaven is also making exploration progress in Canada at its Smoke Mountain property which is located
in the Central British Columbia Porphyry-Epithermal Belt in close proximity to Surge Copper’s Berg
project, as well as at its Pat’s Pond project in Newfoundland’s Central Newfoundland Gold Belt. Pat’s Pond
is located less than 20km from Marathon Gold’s 3.14 Moz3 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 engages proactively with local and Indigenous rights
holders and seeks to develop relationships and agreements that are mutually beneficial to all stakeholders.
Daniel McNeil is the Qualified Person as defined under NI 43-101 who has reviewed and approved the
contents of this release pertaining to the projects held by GoldHaven Resources Corp.
About Oro Atacama SpA
Oro Atacama is a private company focused on the development of base and precious metal deposits near
Copiapo Chile, generated as a result of years of active geological exploration by numerous qualified
geologists.
Two of Oro Atacama’s projects, India Coya and Los Sapos, are in an advanced stage of exploration, having
significant data generated from which include geology, geophysics, geochemistry, exploration drilling and
inferred resources. The company’s third project, Pepita, is at an earlier stage of exploration complete with
geology, surface sampling, development of geological concepts, geochemistry and/or geophysics. All are
important exploration targets with near-term potential for production.
Oro Atacama has a 100% legal and beneficial interest in all of its mining claims and all of their claims are
fully permitted for exploration and exploitation.
Enrique Viteri Aldunate is the Qualified Person as defined under NI 43-101 who has reviewed and approved
the contents of this release pertaining to the projects held by Oro Atacama SpA.
Note: The deposits/mines near GoldHaven’s properties provide geologic context, but this is not necessarily indicative that
GoldHaven properties host similar grades or tonnages of mineralization.
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.
GoldHaven Resources Corp.
News Release 6 January 5, 2023
#2710 – 200 Granville Street, Vancouver, BC V6C 1S4 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
News Release References
1 NOTE: As of 2021 the Indicated resources at Salares Norte are 26.4Mt @ 4.63g/t Gold and 52.86 g/t Silver, The Inferred resources
are 2.65Mt at 1.67 g/t Gold and 10.89 g/t Silver. mrmr-2021.pdf (goldfields.com)
2 http://mineralproperties.cl/portada-ingles/oro-atacama-ingles/
3 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
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.