6-Kilometer Gold Anomaly and Untested Targets Highlight Expanding System in Brazil

1. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
2.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

GoldHaven Resources Corp. (GOH:CSE; GHVNF:OTCQB; 4QS:FSE) reported results from an independent geological review that validated and expanded the understanding of its 100-per-cent-owned Copecal project in Mato Grosso state, Brazil. The review followed an assessment of drill core and data from the company's inaugural diamond drilling program, which consisted of nine holes totaling 1,085.7 meters.

According to the company, the independent consultant confirmed the presence of a potentially large-scale, structurally controlled hydrothermal gold system and identified clear vectors toward higher-grade mineralization at both the East and West targets. The project is defined by an approximately six-kilometer gold-in-soil anomaly, originally identified through historical exploration by AngloGold Ashanti, which invested approximately US$1 million in exploration on the property.

At the West target, the review identified higher-grade gold enrichment associated with fold structures, as well as dense quartz veinlet systems within altered host rock. The company stated that the core of the West target gold-in-soil anomaly remains largely untested and aligns with structural features interpreted from magnetic data. At the East target, the consultant confirmed a shear-hosted mineralized zone with zoned sulphide assemblages, including chalcopyrite-pyrite and chalcopyrite-bornite, indicating increasing temperature conditions and providing a vector toward potential stronger mineralization.

The review also confirmed that mineralization at Copecal is controlled by structural architecture and hydrothermal alteration systems. The company noted that these characteristics are consistent with intrusion-related and porphyry-style systems.

"The geological features identified at Copecal with the initial phase of drilling remain encouraging and consistent with the expected signature of an intrusion-related, hydrothermal system," said Gustavo Almeida, senior project geologist, Brazil. He added that the presence of structural indicators and sulphide assemblages "suggests we are vectoring towards stronger mineralization."

Chief executive officer Rob Birmingham stated that the independent review "adds important technical validation and strengthens our confidence that Copecal hosts a large-scale mineralized system," adding that "we are now seeing clear vectors toward stronger mineralization at both the East and West targets, with significant portions of the system still untested."

Goldhaven also announced that it intends to complete an additional non-brokered flow-through private placement financing for gross proceeds of up to US$700,000 through the issuance of up to 2,641,509 flow-through shares at a price of 26.5 cents per share. The company stated that, together with a previously completed 2026 flow-through offering, total 2026 flow-through financing is expected to reach approximately US$2.75 million. Proceeds are intended to fund exploration and drilling activities at the Magno project.

The company noted that the gross proceeds will be used to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures, which it intends to renounce to subscribers with an effective date no later than Dec. 31, 2026. Completion of the offering remains subject to customary closing conditions, including regulatory approvals.

Independent Commentary on Exploration Results and Funding Activities

In a May 4 article, Bob Moriarty wrote that "the assays were excellent and were what moved the stock so much higher so quickly," referring to results at the company's Magno property. He also stated that "the company is fully funded for a 5,000-meter drill program starting this summer and running through the freeze in October as well as an airborne survey," describing planned exploration activities.

Moriarty further noted that "on May 1, 2026, GOH announced an independent review of the property showing a large-scale hydrothermal gold system with a 6km gold-in-soil anomaly," referencing the Copecal project. He added that the company "wants to use some of the money from the LIFE financing to advance Copecal with a 5,000-meter drill program to target the structurally controlled gold system."

He also referenced earlier share performance, stating that "the shares of GOH began the year at CA$0.10" and that "as I pointed out, they were especially cheap," adding that "GoldHaven shot up to CA$0.39 by the end of the month for a 290% increase in four weeks" and that "that's what really cheap stocks often do."

Moriarty additionally wrote that "when I wrote about the company in July of 2025, the total market cap was about CA$4 million. It's up to CA$14 million today and still pretty cheap," while noting that he was "going to follow the drill program at Magno closely."

Operational Milestones and Ongoing Work Programs

Goldhaven stated that it is advancing detailed structural modeling and three-dimensional interpretation at the Copecal project. The company is also refining targets across both the East and West zones based on the results of the independent review and previous exploration work.

The company indicated that a Phase II drill program is planned for the second quarter, which will test high-priority structural and geophysical targets identified through the review and prior surveys. These targets are based on integrated analysis incorporating geochemistry, geophysics, and structural interpretation.

At the project level, Goldhaven reported that modern exploration programs have included 107 auger drill holes totaling 2,153 meters, as well as very-low-frequency electromagnetic surveys and drone magnetic surveys that identified fold structures and intrusive controls. These datasets have been used to support ongoing target refinement and drill planning. 

Separately, the company stated that its Magno project in British Columbia is being funded through its 2026 flow-through financing program, which is intended to support initial exploration and drilling activities, with the potential to expand the program through an additional listed issuer financing exemption offering.

Ownership and Share Structure¹

Strategic entities hold 7.95% of Goldhaven. The rest is retail.

Goldhaven has 49.71 million outstanding shares, a market cap of CA$14. Million, and a 52-week trading range of CA$0.09- US$0.39.