- GoldHaven Resources (GOH) has signed an option agreement for the Smoke Mountain Project
- The earn-in agreement allows GoldHaven to earn a 100-per-cent interest in the copper-gold project
- The 4,190-hectare Smoke Mountain property is located in central British Columbia approximately
- The project is located within an 85-kilometre-long belt of copper, gold and silver endowed magmatic-hydrothermal mines, deposits and occurrences
- Historical rock sampling returned 7.45 grams per tonne of gold associated with widespread hydrothermal alteration
- GoldHaven Resources is down 10.35 per cent, trading at $0.52 at 11:32 am ET
GoldHaven Resources (GOH) has signed an option agreement for the Smoke Mountain Project.
The earn-in agreement allows GoldHaven to earn a 100-per-cent interest in the copper-gold project.
The 4,190-hectare Smoke Mountain property is located in central British Columbia approximately 60 kilometres southwest of Houston and 23 km north-northwest of Imperial Metals Corporation’s Huckleberry copper-molybdenum-silver Mine.
“The Smoke Mountain Project provides Goldhaven’s shareholders with access to a gold-copper endowed project in a sought-after metal belt in British Columbia. This area has seen a significant amount of discovery, most recently Sun Summit’s (SMN.V) Buck property and Equity Metals’ (EQTY.V) Silver Queen have been delivering high grade gold and silver results. We are on a very prospective belt and this will ensure that GoldHaven can provide results to shareholders year-round,” said GoldHaven CEO Daniel Schieber.
The deal is worth approximately C$450,000 in GoldHaven Shares and cash payments of $375,000.
The Smoke Mountain Project is a strategic land position within an 85-kilometre-long belt of copper, gold and silver endowed magmatic-hydrothermal mines, deposits and occurrences in west central British Columbia.
Rock sampling by the British Columbia Geological Survey in 1989 returned 7.45 grams per tonne of gold associated with widespread hydrothermal alteration and chalcopyrite and bornite on the southwestern flank of Smoke Mountain
GoldHaven Resources is down 10.35 per cent, trading at $0.52 at 11:32 am ET.