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GoldHaven Closes Oversubscribed Financing to Advance High-Grade Tungsten Targets at Magno

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GoldHaven Closes Oversubscribed Financing to Advance High-Grade Tungsten Targets at Magno

 

 

 

 

 

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is pleased to announce that it has closed the final tranche of its non-brokered flow-through financing bringing total gross proceeds to over $2,000,000.

 

HIGHLIGHTS

  • Oversubscribed financing of approximately $2.04 million
  • Second and final tranche now closed
  • Total of 7,690,117 flow-through shares issued at $0.265
  • Proceeds fully funding 2026 Magno drill program
  • Targeting tungsten mineralization up to 6,550 ppm W, alongside high-grade silver values up to 2,370 g/t Ag

 

FLOW-THROUGH FINANCING

 

In connection with the closing of the final tranche, the Company issued an additional 1,207,700 flow-through shares at a price of $0.265 per share, for gross proceeds of $320,040.

 

In total, the Company has issued 7,690,117 flow-through shares under the Flow-Through Offering at a price of $0.265 per share, for aggregate gross proceeds of $2,037,881, representing an oversubscribed financing exceeding $2,000,000.

 

In connection with the closing of the final tranche, the Company paid cash finder’s fees totaling $21,002 and issued 79,254 non-transferable finder warrants (each, a “Finder Warrant”) to a certain eligible arm’s-length finder who introduced a subscriber to the Offering. Each Finder Warrant entitles the holder to purchase one common share at a price of C$0.35 per Finder Share for a period of 24 months from the date of issuance.

 

CEO COMMENTARY

 

“We are very pleased to successfully close this oversubscribed financing, which provides GoldHaven with a strong treasury to execute a fully funded and highly targeted 2026 drill program at Magno,” stated Rob Birmingham, President and CEO of GoldHaven.

 

“With multiple high-priority targets defined across Magno, Kuhn, and the D-Zone, including significant tungsten mineralization with values up to 6,550 ppm, we believe the upcoming drill program is well positioned to unlock the scale of this district-wide polymetallic system.”

 

USE OF PROCEEDS

 

Proceeds from the Flow-Through Offering will be used to incur eligible Canadian exploration expenses that will qualify as “flow-through mining expenditures” (as defined in the Income Tax Act (Canada) and will be renounced to subscribers.

 

Funds will be primarily directed toward advancing the Company’s Magno Project, including:

  • 2026 diamond drilling program targeting high-grade Ag-Pb-Zn CRD zones at Magno and D-Zone
  • Follow-up drilling of tungsten-skarn mineralization at Kuhn and Dead Goat, where values up to 6,550 ppm W have been identified
  • Airborne geophysical surveys to refine structural controls and intrusive targets
  • 3D geological and metal zonation modelling to vector toward higher-grade zones
  • Systematic follow-up of high-grade surface and historical drill results, including multiple samples exceeding 100 g/t Ag

 

REGULATORY

 

All securities issued in connection with the financing are subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

 

MAGNO PROJECT

 

GoldHaven’s Magno Project is a district-scale polymetallic exploration asset spanning approximately 37,200 hectares in the Cassiar region of northwestern British Columbia.

 

The project hosts a large intrusion-related hydrothermal system with multiple mineralization styles, including silver-lead-zinc carbonate replacement mineralization, tungsten-rich skarn systems, copper-bearing intrusions, and critical minerals such as indium, bismuth, and tellurium.

 

Property-wide geological mapping and geochemical analysis define a classic porphyry-related metal zonation pattern, supporting the interpretation of a large, vertically and laterally extensive mineral system.

 

MAGNO KEY GEOLOGICAL HIGHLIGHTS

  • Property-scale metal zonation consistent with a porphyry source system
  • Stacked mineralization including porphyry, CRD, and skarn environments
  • Verified high-grade Ag-Pb-Zn mineralization at Magno and D-Zone
  • Confirmed widespread tungsten mineralization at Kuhn and Dead Goat
  • Elevated copper within intrusive rocks supports a magmatic source
  • Strong critical metal enrichment including indium values up to 334 ppm

 

Figure 1: Magno map location with proximity to nearby companies

 

About GoldHaven Resources Corp.

 

GoldHaven Resources Corp. is a Canadian junior exploration Company focused on acquiring and exploring highly prospective land packages in North and South America. The Company’s projects include the flagship Magno Project, a district-scale polymetallic property adjacent to the historic Cassiar mining district in British Columbia. The Three Guardsman Project, which exhibits significant potential for copper and gold-skarn mineralization. The Copeçal Gold Project, a drill-ready gold project located in Mato Grosso, Brazil with a 6km strike of anomalous gold in soil samples. Three Critical Mineral projects with extensive tenement packages totalling 123,900 hectares: Bahia South, Bahia North and Iguatu projects located in Brazil.

 

Posted April 28, 2026

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