GoldHaven Provides Exploration Update on Pat’s Pond

(GoldHaven Resources, 3.Jun.2022) — GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) provides an update on the ongoing exploration activities on Pat’s Pond in the Central Newfoundland Gold Belt (“CNGB”).”We have received our exploration permits for Pat’s Pond and are thrilled to have begun our second exploration campaign on the property”, said GoldHaven CEO, Justin Canivet. “Given the close proximity of Pat’s Pond to Marathon Gold’s Valentine Lake project, the province’s most advanced project, we feel we hold some of the most highly prospective ground in the CNGB, and we very much look forward to interpreting the results from this second exploration campaign”.

The 9,700 hectare Pat’s Pond property is located less than 20 km from Marathon Gold’s 3.14 Moz (56.7 Mt at 1.72 g/t Au) Valentine Gold Project1 and on trend with the Boomerang/Domino VMS deposit (4 kilometres to the northeast). The property is road accessible and is highly prospective for precious metal-rich volcanogenic massive sulphide mineralization and mesothermal gold.

Airborne Magnetic/VLF-EM Survey at Pat’s Pond

GoldHaven is working with Terraquest Ltd., an airborne geophysical survey provider based in Markham, Ontario, to conduct an Airborne magnetic/VLF-EM survey at 100 m line spacing.

As of June 6, 2022, the aircrew flew over 3 hours, acquiring 249.7 line kms of data. To date Terraquest has acquired 432 km out of planned 1357.2 km for a total of 31.8% of the survey block. Terraquest expects to finish the survey by the end of this month.

When the airborne geophysics is complete, a geological/prospecting crew will be on site and will focus on collecting additional surface rock geochemical samples and enhancing the surface lithological and structural map which will contribute to ongoing ranking and prioritization of targets on the property. Ground based Induced Polarization geophysical surveys and a potential drill campaign will be completed on the highest priority areas, likely in Q4 of 2022.  Soil geochemistry will be used on the highest priority targets to assist with drill hole placement.

Promising Historical Data from Pat’s Pond

Historical assays have returned values as high as 19.16 g/t Au, 914 g/t Ag, 8.7% Zn, 6.1% Pb, 2.13% Sb, and 0.92% Cu2 (click here to see table of most recent rock sample assay results).

In October 2021, GoldHaven’s exploration team collected 41 samples on Pat’s Pond and returned highs of 605 g/t Ag, 5.5 g/t Au, 9.7% Pb, 5.05% Zn and 0.69% Cu, with one sample returning an antimony value of the 3.22% Sb (see March 17 press release for full details). Numerous encouraging values were reported from the southeast of the property which were consistently anomalous in silver, zinc, lead and to a lesser extent gold and copper3.

Qualified Person

Daniel MacNeil, P.Geo, a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has read and approved all technical and scientific information contained in this news release. Mr. MacNeil is Technical Advisor to GoldHaven Resources Corp.

News Release References

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