GoldHaven Reaches 3,000 Metres Drilled at Magno, Advances High-Grade Silver-Lead-Zinc Targets in British Columbia's Cassiar District
VANCOUVER, British Columbia, Oct. 29, 2026 (GLOBE NEWSWIRE) -- GoldHaven Resources Corp. ("GoldHaven" or the "Company") (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is pleased to announce that its inaugural 2026 diamond drilling program at its flagship Magno Project in northwestern British Columbia has reached approximately 3,000 metres, with exploration advancing across its high-grade silver-lead-zinc and tungsten targets.
Recent drilling at D Zone has encountered multiple intervals of semi-massive to massive sulphide mineralization, further advancing GoldHaven's exploration of a silver-lead-zinc system sharing key geological characteristics with Coeur Mining's Silvertip deposit. Drilling continues across additional targets, with laboratory assays pending.
Highlights
Advancing Silver-Lead-Zinc Exploration at D Zone
Further to the Company’s October 22nd news release, which described four of the first five completed drill holes at Middle D intersecting semi-massive to massive sulphide mineralization, the latest diamond drill hole in this area (GOH26-15) has intersected approximately 18.5 m and 9 m of massive sulphide and semi-massive sulphide mineralization, respectively. This is in addition to the previously announced GOH26-10 and GOH26-13 which encountered cumulative visually identified mineralized intervals of approximately 10.75 metres and 13 metres, respectively, across separate intervals. True widths are unknown.
The mineralization includes visible galena and sphalerite, with drilling continuing to evaluate the geometry and potential continuity of the system. Laboratory assays remain pending.
CEO Commentary:
"Reaching 3,000 metres in our inaugural drill program is an important milestone, but we're particularly encouraged by the silver-lead-zinc potential emerging at D Zone," commented Rob Birmingham, President and CEO of GoldHaven.
"Magno shares compelling geological characteristics with Coeur Mining's Silvertip deposit. With multiple sulphide intersections and assays approaching, we're excited to further evaluate the potential of this system."
Figure 1: Ongoing drilling at D Zone, Magno Project, near Highway 37, British Columbia.
GoldHaven's Magno Project Shares Key Geological Characteristics with Coeur Mining's Silvertip Deposit
GoldHaven's Magno Project is situated within the Cassiar Terrane of northern British Columbia, the same regional geological setting that hosts Coeur Mining's Silvertip silver-lead-zinc deposit, a well-established carbonate replacement deposit (CRD).
Magno exhibits several geological characteristics associated with the Silvertip model, including carbonate-hosted silver-lead-zinc mineralization, manto- and chimney-style replacement features, and multiple mineralized zones. These similarities provide an established exploration framework for evaluating the broader potential of Magno's polymetallic system.
GoldHaven is integrating modern geophysical data, geological mapping and ongoing drilling to better understand the distribution and potential continuity of mineralization across its more than 37,000-hectare property.
The comparison is geological in nature only. Mineralization at Silvertip is not necessarily indicative of mineralization at Magno, and no mineral resource has been established at D Zone.
Figure 2: Magno project location bordering Coeur’s Silvertip Holdings and Cassiar Gold Corp.
Next Steps
GoldHaven's near-term exploration activities include:
The Magno Project covers more than 37,000 hectares in the Cassiar District and hosts multiple exploration targets, including silver-lead-zinc mineralization at D Zone and Magno, together with tungsten-bearing skarn systems at Kuhn and Dead Goat.
Technical Notes
The historical 7.6-metre D Zone intersection has not been independently verified and is not necessarily indicative of current drill results. Previously reported sulphide intervals are cumulative visual downhole measurements from separate intervals, not true widths, and do not establish laboratory assay grades or economic mineralization. Grab samples are selective and are not representative of deposit-wide grades.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Raymond Wladichuk, P.Geo., a non-independent Qualified Person under National Instrument 43-101, prior to dissemination.
About GoldHaven Resources Corp.
GoldHaven Resources Corp. is a Canadian junior exploration company focused on advancing highly prospective mineral projects in North and South America. The Company’s flagship asset is the district-scale Magno Project in the Cassiar District of northern British Columbia. GoldHaven also owns the Three Guardsmen copper-gold project in British Columbia and the Copeçal Gold Project in Mato Grosso, Brazil. In addition, the Company holds a portfolio of critical mineral projects in Brazil.
On Behalf of the Board of Directors
Rob Birmingham, Chief Executive Officer
For further information, please contact:
Rob Birmingham, CEO
www.GoldHavenresources.com
info@goldhavenresources.com
Office Direct: (604) 629-8254
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, those listed below under the heading “Forward-Looking Statements in This News Release” 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 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 any future projects in a timely manner, the availability of financing on suitable terms for exploration and development of future 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 of the Company to enter into definitive agreements in respect of possible Letters of Intent, 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.sedarplus.ca 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 in this news release or incorporated by reference herein, except as otherwise required by law.
Forward-Looking Statements in This News Release
The following statements in this news release constitute forward-looking information:
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