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GoldHaven Resources to Acquire Interest in Five Projects in the Maricunga Gold Belt; Announces $4 Million Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 12, 2020) - GoldHaven Resources Corp. (CSE: GOH) (the "Company" or "GoldHaven") announces it has reached a
About this update from Goldhaven Resources Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 12, 2020) - GoldHaven Resources Corp. (CSE: GOH) (the \"Company\" or \"GoldHaven\") announces it has reached an agreement with a private company (the \"Vendor\") whereby it will acquire (the \"Maricunga Acquisition\") the Vendor's interest in a letter of intent (the \"LOI\") to acquire a 100% interest in five gold projects (the \"Maricunga Projects\") in the prolific Maricunga precious metals belt in Chile (the \"Maricunga Belt\"). The five Maricunga Acquisition Projects cover a total area of approximately 22,600 hectares or 226 sq. km located in the northern portion of the Maricunga Belt in proximity to the 4.1M oz AuEq Salares Norte project owned by Gold Fields Limited. Gold Fields recently announced (April 2020) its intention to proceed with the development of Salares Norte at a cost of US$860M, with a US$138M expenditure budgeted for 2020. The Maricunga Belt extends approximately 150 km north-south and 30 km east-west, straddling the border between Chile and Argentina. This region hosts known mineral resources of more than 100M oz Au, 450M oz Ag and 1.3B lbs. Cu. The Maricunga Projects opportunity came about as a result of a US$150 million initiative launched by the Chilean Economic Development Agency (\"CORFO\") with the objective of encouraging exploration and mining prosperity in Chile and in order to strengthen Chile's position as a world leader in the sector. (See Chile Explore Report No. 65, July 2018 at https://chilexploregroup.cl/wp-content/uploads/2019/04/CER65_ENG-nopassword.pdf). As part of CORFO's program, a total of US$15.3M was given to the private equity fund IMT Exploration and was used to evaluate 403 projects beginning in 2011. This led to a generative program carried out between 2016 to 2019, resulting in 126 potential epithermal targets from which 57 field evaluations were made and followed by due diligence work on 19 of these. Work programs were then conducted, including geological mapping, rock and soil sampling and TerraSpec (PIMA) analyses on geochemical grids for alteration mapping and, as a result, the five-high priority Maricunga Projects were identified. No drilling has been carried out on any of the Maricunga Projects. David Smith, GoldHaven's President, commented, \"We are very encouraged by the quality of the technical information tha...