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Dahrouge Consulting Engaged for Comply with-Up Floor Exploration Work

GoldHaven has re-engaged Dahrouge Geological Consulting Ltd . to finish a complete follow-up exploration program at Smoke Mountain. This program is targeted on extending soil sampling grids at precedence goal areas outlined within the just lately accomplished 2022 summer season program. Moreover, the sphere work will concentrate on p rospecting and mapping newly staked contiguous land positions . Detailed geological mapping, together with the soil geochemical work will enhance the interpretation of the geophysical datasets and constrain goal places.

Geotech Ltd. Engaged to Goal Polymetallic Vein Methods

GoldHaven has engaged Geotech Ltd. to conduct Helicopter-Borne VTEM ^TM and Magnetic Geophysical Surveys for the aim of investigating the mineral potential over the intensive contiguous land place at Smoke Mountain. The proposed survey is roughly 721 line-kms over 1 block with a deliberate begin date of late October . The survey will take 5-7 days to finish with the intention of focusing on intermediate sulfidation polymetallic vein methods.

GoldHaven will probably be benefiting from Geotech Ltd’s Versatile Time-Area Electromagnetic ( VTEM ^TM ) geophysical system, which is great at finding discrete conductive anomalies in addition to mapping lateral and vertical variations in resistivity .

Full waveform recording can even be employed to attain very clear early-time measurements to successfully resolve close to floor buildings . GoldHaven will profit from Geotech’s Concentric Transmitter – Receiver geometry, which ensures constructive anomaly location and leads to large time and prices financial savings as there will probably be no want for floor follow-up. The know-how has efficiently been deployed globally for focusing on work in epithermal valuable metallic districts.

Utility for Drilling at Smoke Mountain in 2023

GoldHaven administration seeks to amass a Multi-12 months Space-Primarily based Exploration Allow for drilling in Q2 2023 . The intensive geological, geochemical and geophysical campaigns from 2022 are yielding wonderful preliminary porphyry and epithermal-style targets . GoldHaven is planning to fastidiously consider all the obtained information throughout late 2022 and early 2023, with the target of defining drill targets for testing going ahead.

Current Enlargement of Smoke Mountain Property

GoldHaven’s Smoke Mountain land place was just lately doubled from 4,190 hectares to eight,645 hectares based mostly on promising preliminary outcomes from geological, geochemical and geophysical surveys carried out through the 2022 Smoke Mountain summer season exploration program. The ensuing giant, contiguous land place defines a commanding land place in an rising BC porphyry-epithermal belt . Copper, gold, and silver mineralization is intensive within the area with a number of promising new discoveries and extensions to mineralization (see beneath).

Smoke Mountain Surrounded by Important Occurrences & Historic Sources

GoldHaven’s Smoke Mountain property is strategically located inside an in depth 85 kilometre polymetallic belt that’s extremely potential for gold-silver-zinc epithermal methods, porphyry copper-gold deposits, in addition to gold and silver-rich magmatic-hydrothermal occurrences . The property is highway accessible from Houston by way of a collection of gravel forest service roads off Freeway 16.

Exploration exercise within the space has been renewed on this historic mining area , propelled by the continuing growth of superior exploration initiatives and mines together with:

• Common Copper ‘s Poplar venture (18km NE) internet hosting 236Mt @ 0.37% Cu ¹
• Surge Copper ‘s Berg venture (15km SW) with reserves of 238Mt @ 0.4% Cu; 0.05% Au ²
• Imperial Metals ‘ Huckleberry venture (26 km SE) containing 161Mt @ 0.48% Cu ³

Word: the mines and superior exploration and growth initiatives within the Central BC porphyry-epithermal present geologic context for the Smoke Mountain Property, however this isn’t essentially indicative that the Smoke Mountain Property hosts related grades or tonnages of mineralization.

Extremely Potential Area

The historic Central BC porphyry-epithermal belt is re-emerging as an necessary copper-gold-silver jurisdiction as evidenced by elevated staking exercise and exploration drilling. The area is shortly turning into identified for its lengthy mineralized drill intercepts together with Common Copper’s 216m interval grading 0.54% CuEq ( click on right here for launch) and has the potential to host a number of the largest copper-polymetallic discoveries in British Columbia .

In latest information, Surge Copper expanded their Ootsa venture by 96% to a complete of 439Mt grading 0.32% CuEq ( click on right here for launch) growing their whole mineralized stock within the southern a part of this belt to over 1 billion tonnes (measured and indicated).

These leads to the rapid neighborhood of GoldHaven’s Smoke Mountain venture showcase the distinctive regional endowment and metallogenic character of the Late Cretaceous arc rocks hosted inside this belt.  Amongst a number of rising targets on the property, GoldHaven is engaged on a newly-identified 2.5km lengthy untested and under-explored alteration and mineralization pattern presently being examined by our discipline crew at Smoke Mountain .

Word: The adjoining mines and superior exploration and growth initiatives within the Central BC porphyry-epithermal present geologic context for the Smoke Mountain Property, however this isn’t essentially indicative that the Smoke Mountain Property hosts related grades or tonnages of mineralization.

Certified Particular person

Daniel MacNeil , P.Geo, a Certified Particular person as outlined by Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives, has learn and authorised all technical and scientific data contained on this information launch. Mr. MacNeil is Technical Advisor to GoldHaven Sources Corp.

GoldHaven Sources Corp. is a Canadian junior valuable metals exploration Firm targeted on buying and exploring extremely potential land packages in each Canada and Chile . GoldHaven maintains a strategic presence within the gold and silver wealthy Maricunga Gold Belt of Northern Chile which is host to a number of mining and superior exploration initiatives together with 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 Firm has recognized a complete of 12 high-priority targets at its Alicia and Roma venture areas within the Maricunga inside a outstanding regional NW-SE structural pattern alongside strike from Gold Fields’ Salares Norte deposit (5.2 million ounces of Gold ⁷⁾ . These targets have been designated “Excessive Precedence” because of the extent, pervasive alteration, beneficial geology, extremely anomalous rock geochemical outcomes, and their relative proximity to present deposits. GoldHaven can also be making exploration progress at its Smoke Mountain property ( Canada ) which is strategically situated within the Central British Columbia Porphyry-Epithermal Belt in shut proximity to Surge Copper’s Berg venture, in addition to its Pat’s Pond venture in Newfoundland’s Central Newfoundland Gold Belt ( Canada ). Pat’s Pond is strategically situated lower than 20km from Marathon Gold’s 3.14 Moz ⁸ Valentine Gold Challenge and on strike from the Boomerang/Domino VMS deposit. Pat’s Pond is extremely potential for gold, copper, silver and zinc and has giant scale discovery potential. GoldHaven engages proactively with native and Indigenous rightsholders and seeks to develop relationships and agreements which are mutually helpful to all stakeholders.

On Behalf of the Board of Administrators

Justin Canivet , CFA
Chief Govt Officer

Neither the CSE nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the CSE- Canadian Securities Alternate) accepts duty for the adequacy or accuracy of this launch.

Information Launch References

Cautionary Statements Relating to Ahead Wanting Data

This information launch incorporates forward-looking statements and forward-looking data (collectively, “ahead trying statements”) throughout the which means of relevant Canadian and U.S. securities laws, together with the USA Non-public Securities Litigation Reform Act of 1995. All statements, aside from statements of historic reality, included herein together with, with out limitation, the meant use of the proceeds obtained from the Providing, the doable acquisition of the Initiatives, the Firm’s expectation that it will likely be profitable in enacting its enterprise plans, and the anticipated enterprise plans and timing of future actions of the Firm, are forward-looking statements. Though the Firm believes that such statements are affordable, it can provide no assurance that such expectations will show to be appropriate. Ahead-looking statements are usually recognized by phrases resembling: “believes”, “will”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “might”, “ought to”, “potential”, “scheduled”, or variations of such phrases and phrases and related expressions, which, by their nature, seek advice from future occasions or outcomes that will, may, would, may or will happen or be taken or achieved. In making the forward-looking statements on this information launch, the Firm has utilized a number of materials assumptions, together with with out limitation, that investor curiosity will probably be adequate to shut the Providing, and the receipt of any needed regulatory or company approvals in reference to the Providing and the Project, that there will probably be investor curiosity in future financings, market fundamentals will end in sustained valuable metals demand and costs, the receipt of any needed permits, licenses and regulatory approvals in reference to the longer term exploration and growth of the Firm’s initiatives in a well timed method, the supply of financing on appropriate phrases for the exploration and growth of the Firm’s initiatives and the Firm’s means to adjust to environmental, well being and security legal guidelines.

The Firm cautions traders that any forward-looking statements by the Firm should not ensures of future outcomes or efficiency, and that precise outcomes might differ materially from these in forward-looking statements because of numerous elements, together with, working and technical difficulties in reference to mineral exploration and growth actions, precise outcomes of exploration actions, the estimation or realization of mineral reserves and mineral sources, the lack of the Firm to acquire the mandatory financing required to conduct its enterprise and affairs, as presently contemplated, the lack to shut the Providing, the lack of the Firm to enter into definitive agreements in respect of the Letters of Intent that are the topic of the Project, the timing and quantity of estimated future manufacturing, the prices of manufacturing, capital expenditures, the prices and timing of the event of recent deposits, necessities for added capital, future costs of valuable metals, adjustments typically financial circumstances, adjustments within the monetary markets and within the demand and market worth for commodities, lack of investor curiosity in future financings, accidents, labour disputes and different dangers of the mining trade, delays in acquiring governmental approvals, permits or financing or within the completion of growth or building actions, adjustments in legal guidelines, rules and insurance policies affecting mining operations, title disputes, the lack of the Firm to acquire any needed permits, consents, approvals or authorizations, together with by the Alternate, the timing and doable final result of any pending litigation, environmental points and liabilities, and dangers associated to three way partnership operations, and different dangers and uncertainties disclosed within the Firm’s newest interim Administration’s Dialogue and Evaluation and filed with sure securities commissions in Canada . All the Firm’s Canadian public disclosure filings could also be accessed by way of www.sedar.com and readers are urged to overview these supplies.

Readers are cautioned to not place undue reliance on forward-looking statements. The Firm undertakes no obligation to replace any of the forward-looking statements. The Firm undertakes no obligation to replace any of the forward-looking statements on this information launch or included by reference herein, besides as in any other case required by regulation.

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SOURCE GoldHaven Sources Corp.

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