Explorer With High-Grade Tungsten, Silver in BC Makes Drilling Partnership

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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) announced that it has executed a drilling services agreement with Northtech Drilling Ltd. to conduct the company's fully funded inaugural diamond drill program at its 100%-owned Magno Project in the prolific Cassiar District of northern British Columbia.

Northtech will carry out an initial diamond drilling program, which is planned to span 5,000 to 7,000 meters, contingent on the finalization of necessary permits. The program aims to explore historical tungsten mineralization and other high-priority targets that were identified from a recently completed airborne QMAGT survey, the company said.

Northtech, a seasoned northern Canadian drilling contractor, boasts over two decades of operational experience and has successfully completed over 600,000 meters of diamond drilling. The company's extensive experience includes projects for major and junior mining entities such as De Beers, Anglo American, BHP, and MMG Resources.

The upcoming drill program is set to begin upon the receipt of final exploration permits and will initially include a minimum of 3,000 meters of diamond drilling.

The focus will be on verifying and expanding the historical tungsten mineralization at the Kuhn Zone while also testing additional high-priority targets identified through the comprehensive district-scale airborne QMAGT geophysical survey, which covered more than 2,300-line kilometers across the expanded Magno Project, GoldHaven said.

"Securing Northtech is another important milestone as we continue preparing for our inaugural drill campaign at Magno," GoldHaven President and Chief Executive Officer Rob Birmingham said. "Their extensive experience operating in northern Canada, combined with a proven track record on technically challenging exploration projects, makes them an excellent partner as we begin testing what we believe is one of the most compelling critical minerals exploration opportunities in the Cassiar District."

Birmingham also highlighted the readiness of the project, noting, "With financing complete, our district-scale airborne survey now finished, and a drilling contractor in place, we are entering the final stages of preparation ahead of drilling. We look forward to mobilizing as soon as permits are received."

The inaugural drill campaign at the Magno Project will focus on several priority areas, including the verification and expansion of the historical Kuhn tungsten skarn mineralization, testing interpreted extensions of known tungsten-bearing skarn horizons, initial drill testing of targets generated from the recently completed airborne Comprehensive Quantitative Magnetic Tensor (QMAGT) magnetic survey, and evaluation of additional silver-lead-zinc CRD and intrusion-related targets identified across the district-scale land package.

GoldHaven said it believes that the combination of historical drilling data, high-grade surface sampling, extensive airborne geophysics, and geological modeling provides a robust foundation for the forthcoming exploration program.

A District-Scale Airborne Program

In June, GoldHaven announced the successful completion of the QMAGT airborne geophysical survey over Magno. The extensive district-scale airborne program covered approximately 2,320-line kilometers, gathering high-resolution geophysical data across GoldHaven's expansive 37,000+ hectare land package. This achievement has resulted in one of the largest and most detailed modern airborne magnetic datasets ever acquired for the project.

The collected data is set to be a crucial asset in enhancing the exploration process. It will be combined with existing geological mapping, historical drilling data, and recent high-grade surface sampling results, which include values of up to 2,370 grams per tonne (g/t) silver, 6,550 parts per million (ppm) tungsten, and 334 ppm indium. This integration aims to refine and prioritize drilling targets across various mineralized trends within the project area.

With the data acquisition phase now complete, GoldHaven has moved into the interpretation and drill target generation phase of its 2026 exploration program. The survey, which was conducted with a 100-meter line spacing across the Magno Project, is specifically designed to improve the targeting of key minerals such as silver, lead, zinc, tungsten, and copper.

“I've been waiting for this dataset since the day we assembled this land package," Birmingham said at the time. "For the first time, we can evaluate Magno as one connected mineral system rather than a collection of isolated historical showings. The preliminary data already highlight an extensive structural framework and numerous magnetic features across the property. Several of these features appear spatially associated with known historical mineral occurrences, while additional anomalies have been identified in previously underexplored areas, and we're now integrating those observations with geology and geochemistry to refine drill targets. I believe the work completed over the coming weeks will define our most systematic drill program to date across the Magno district.”

Magno National Instrument 43-101 Technical Report

The company filed an independent technical report for Magno in accordance with National Instrument 43-101 in March.

The technical report reveals promising exploration results that underscore the project's potential, including exceptional grades of silver, lead, zinc, and significant indium enrichment, which collectively highlight the district-scale potential of the property. With flow-through financing currently underway, the company is keenly focused on advancing permitting processes and preparing for drilling activities aimed at fully unlocking the value of the Magno Project.

Key highlights from the Magno Project, as detailed in the NI 43-101 technical report, include high-grade silver-gold-zinc-lead results, with grab samples returning values greater than 25 g/t gold, 2,370 g/t silver, over 20% lead, and 19.25% zinc from the Magno and D Zones.

Notably, 45 out of 357 samples exceeded 100 g/t silver, confirming the presence of widespread high-grade mineralization, GoldHaven said. Additionally, the discovery of 334 ppm indium associated with sphalerite (zinc) marks the highest recorded values in the Cassiar District, underscoring Magno's strategic importance amid a tightening global supply of this critical mineral.

The report also highlights strong and widespread tungsten mineralization, with 32 samples returning values greater than 1,000 ppm tungsten, including a peak of 6,550 ppm at Vines Lake. Consistent tungsten values ranging from 500 to 5,000 ppm at Kuhn and Dead Goat support the presence of a robust tungsten-skarn system.

Expert: Stock 'Absurdly Cheap'

When asked about the stock, Bob Moriarty of 321gold.com told Streetwise Reports, "Goldhaven has gone from cheap a month ago at CA$.35 to absurdly cheap a few days ago at CA$.16 while only a month away from a 5,000 to 7,000 fully funded drill program at their 100% owned Magno property in BC."

Moriarty said he expects the company to devote a lot of time and energy to advancing the Kuhn tungsten project within Magno.

"The company is waiting for pending exploration permitting but anticipates starting the drill program in August," Moriarty said. "Tungsten has gotten caught up in the games between China and the U.S., with the price tripling in the past year only to correct by 50%."

'A Very Good Buying Opportunity'

An AI-written review of the stock by StockInvest.us on July 2 noted that the stock was "in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity."

However, if the stock breaks through the lower trend floor at CA$0.157, it could signal a more pronounced decline. Based on the current trend, the stock is anticipated to decrease by 24.68% over the next three months, with a 90% probability of holding a price between CA$0.118 and CA$0.223 at the end of this period.

On June 23, 2026, a buy signal was issued from a pivot bottom point, and since then, the stock has risen by 12.12%, the site said. The expectation is for further increases until a new top pivot is found, although some negative signals have also been issued, which could affect short-term performance.

Currently, the stock has a buy signal from the short-term moving average, while the long-term average suggests a general sell signal, indicating a more negative outlook overall.

Resistance may be encountered at the long-term moving average at $0.225, and support might be found at the short-term average of $0.182. A breakthrough above the long-term average would trigger another buy signal, whereas a drop below the short-term average would reinforce the sell signal.

Additionally, there is a sell signal from the 3-month Moving Average Convergence Divergence (MACD). A recent decrease in volume without a change in price does not directly indicate divergence but could be a precursor to a potential turning point, according to the analysis. The notably low volume heightens the risk and diminishes the reliability of other technical signals.

The Catalyst: A Tale of Two Markets

Silver prices experienced a notable increase on Thursday, rising above US$61 per ounce, rebounding from their lowest point in seven months, according to a July 2 report on TradingView.

This surge came as financial markets adjusted their expectations for Federal Reserve interest rate hikes following weaker-than-expected U.S. employment data. The U.S. economy added only 57,000 jobs in June, marking the smallest increase in four months and significantly below the anticipated 110,000 jobs. Notably, the leisure and hospitality sector shed 61,000 jobs, despite an influx of tourism due to the World Cup.

In a surprising turn, the unemployment rate fell to 4.2%, attributed to workers leaving the labor force, while annual wage growth increased to 3.5%. Following this report, the likelihood of a Federal Reserve rate hike in September dropped to under 50%, a decrease from the previous 67% probability, the article said.

Fed Chair Kevin Warsh, speaking on Wednesday, acknowledged that inflation expectations had moderated but emphasized the Fed's continued commitment to maintaining price stability. Additionally, silver prices were buoyed by increased oil shipments through the Strait of Hormuz and advancements in the indirect talks between the U.S. and Iran, which contributed to lower oil prices and alleviated some inflationary pressures.

Tungsten, while a smaller and more niche segment of the metal market, has shown performance that rivals that of larger markets. According to an article by Mining.com, "Project Blue estimates its value at about US$16 billion this year — roughly 5% of the copper market at current prices."

Unlike more mainstream metals, tungsten does not trade on major exchanges, making it a more opaque and illiquid market. Despite this, tungsten's price increases over the past year have significantly exceeded those of other commodities like gold and oil. Known as one of the strongest metals in the world, tungsten plays a crucial role in the manufacture of weaponry, especially during times of conflict.

Ownership and Share Information¹

GoldHaven Resources Corp. has a market cap of CA$11.81 million, with 63.9 million shares outstanding. The company's 52-week range is CA$0.09-CA$0.39.

Strategic Investors own 7.95% of shares, while the remaining 92.05% of shares are held by Retail.