GoldHaven Closes $1.72 Million First Tranche Flow-Through Financing
GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) has successfully closed the initial tranche of its previously announced $2 million non-brokered flow-through financing. The company issued 6,482,417 flow-through shares at a price of $0.265 each, generating total proceeds of $1,717,840. A second tranche is anticipated to close in April 2026.
Financing Details and Use of Proceeds
In connection with the offering, GoldHaven paid cash finder's fees totaling C$109,817 and issued 397,520 non-transferable finder warrants. Each warrant allows the holder to purchase one common share at C$0.35 for 24 months from issuance. All securities are subject to a four-month and one-day hold period under applicable securities laws.
The net proceeds will be used for Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures under the Income Tax Act (Canada). Funds are primarily allocated to advance the Magno Project, including:
- A 2026 diamond drilling program targeting high-grade silver-lead-zinc carbonate replacement zones at Magno and the D-Zone.
- Follow-up drilling of tungsten-skarn mineralization at Kuhn and Dead Goat, where values up to 6,550 ppm tungsten 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 silver.
CEO Commentary on Strategic Importance
Rob Birmingham, President and CEO of GoldHaven, expressed strong satisfaction with the financing support. He stated, "We are extremely pleased with the strong support for this financing, which positions GoldHaven to execute a fully funded and highly targeted 2026 drill program at Magno."
Birmingham highlighted the program's focus on multiple high-priority zones across Magno, Kuhn, and the D-Zone, where historical and recent work has outlined significant high-grade silver-lead-zinc mineralization, along with extensive tungsten mineralization. He noted, "With grades reaching up to 2,370 g/t silver and strong critical mineral associations including tungsten and indium, we believe Magno has the potential to emerge as a large-scale, district-wide polymetallic system."
Overview of the Magno Project
GoldHaven's Magno Project is a district-scale polymetallic exploration asset covering approximately 37,200 hectares in the Cassiar region of northwestern British Columbia. The project features a large intrusion-related hydrothermal system with diverse mineralization styles, including:
- Silver-lead-zinc carbonate replacement mineralization.
- Tungsten-rich skarn systems.
- Copper-bearing intrusions.
- Critical minerals such as indium, bismuth, and tellurium.
The 2026 drill program aims to target high-grade zones with historical results showing up to 2,370 g/t silver, greater than 20% lead-zinc, and multi-thousand ppm tungsten, positioning the project for potential significant discoveries.
