Business
GoldHaven Resources Provides Drilling Update on Rio Loa and Prepares for First Phase Drilling at Alicia
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2021) - GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) ("GoldHaven", "GOH" or the "Compa
About this update from Goldhaven Resources Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 4, 2021) - GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) (\"GoldHaven\", \"GOH\" or the \"Company\") reports that Phase I drilling continues to advance as planned at Rio Loa. The Rio Loa Project is located 25 km south of Gold Field's Salares Norte deposit (5.2 million ounces equivalent of Gold scheduled to produce 450,000oz of Gold per annum1) and 6 km south of Gold Field's Horizonte discovery. The GOH drill-team is actively drilling hole RCRL-003 which is currently in argillic altered limonite-rich volcanic rocks. Silicified volcaniclastic rocks with incipient vuggy silica were intersected at various intervals to the current depth of 300 meters. RCRL-003 continues to be strongly oxidized with abundant disseminated limonite and is presently within a zone of silicification. This hole has a projected depth of 350m. Daniel Schieber GoldHaven's CEO comments: \"This is the right step in our development to unlock the potential of our 251 square km Maricunga district play. The drilling continues as planned and has been providing us with what we want to see at this stage. The Alicia project is next-up for drilling which will provide consistent news-flow after we complete at Rio Loa.\" In addition, GOH's geology crew has been mobilized to the high sulfidation epithermal Alicia project, which will be drilled next. The 6,200 hectare Alicia project is located approximately 30 km SE of Salares Norte (Gold Fields) where GOH has completed geologic mapping, geochemical sampling and TerraSpec 4 Hi-Res mineral analyzer SWIR alteration analyses (522 samples) along a geochemical grid (~200 meter lines with 100 to 200 meter stations) to quantify the size of the alteration footprint and its intensity. The Alicia Project contains two large, argillic to advanced argillic alteration zones including the Alicia Norte footprint measuring 5 x 3 kilometers and the Alicia Sur which is 3 x 2 kilometers. Both alteration footprints contain multiple targets and are partially covered by post-mineral volcanic (dacite) flows and domes. Locally, the targets are characterized by intense hematite-jarosite (after disseminated pyrite) and goethite limonites accompanied by alunite. Prospective damage zones including NW-SE trending and secondary NE-SW trending brittle faults are present in the project a...