- Company acquired seven gold projects in the mineral-rich Andes Mountains of Northern Chile, with three ready for drilling
- Epithermal deposits signify additional nearby and/or deeper strains of porphyry deposits
- Canada, Chile have maintained strong, stable relationship for nearly 80 years
The Canadian junior exploration company GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) has, in 2020, acquired low-risk, high-quality land in its search for new deposits of gold. As the company moves into 2021, new projects and phases of exploration are in the works.
As a junior gold mining company, GoldHaven has its eye on the price of gold and the jurisdictions’ stability with every project undertaken. The ability to read the market and navigate the fluctuations of the economy is essential. As a new undertaking, not bringing the right skill to the table on day one is a disaster waiting to happen. The GoldHaven team brings a wealth of experience and knowledge from having successfully worked within the mining industry and holding high-level positions in publicly traded mining companies; company executives have more than 100 years of combined experience in gold mining.
The goal of GoldHaven is to funnel that combined talent and expertise into projects that provide stability and de-risk the investment. To succeed, GoldHaven must identify and capitalize on valuable precious metal projects in mineral-rich districts within stable political jurisdictions.
In 2020, GoldHaven acquired seven gold projects located in the Maricunga Gold Belt in Northern Chile. To date, this mineral-rich land is known to host over 100 million oz. of gold, 450 million oz. of silver, and 13 billion lbs. of copper in resources (https://ibn.fm/Yu6Y7).
Gold mining in Chile dates back to the end of the 16th century. The current Chilean gold rush is due to the discovery of a series of subvolcanic gold deposits. These deposits, which are mainly epithermal, have mostly been found at elevations over 4,000 m in the Andean Cordillera, also known as the Andes Mountains (https://ibn.fm/eru0u). Epithermal deposits provide around 12% of the world’s annual gold production, the presence of which also indicates additional porphyry deposits nearby and at a greater depth (https://ibn.fm/gdTe3).
The Maricunga Belt lies between latitudes 26 degrees and 28 degrees south in the Andes of Northern Chile. According to the BBC, “Chile is one of South America’s most stable and prosperous nations. It has been relatively free of the coups and arbitrary governments that have blighted the continent” (https://ibn.fm/mvrm5).
Canada has had a close relationship with Chile for close to 80 years. The two countries share values that include democracy, human rights, open markets and more. The Canada-Chile Partnership Framework and the Canada-Chile Free Trade Agreement (“CCFTA”) have allowed companies such as GoldHaven to explore minerals and metals’ sustainable development. Chile is Canada’s top investment destination in South and Central America. Direct investment in Chile reached $21.5 billion at the end of 2018 (https://ibn.fm/TUWnG). It is a relationship that only continues to grow stronger and more stable with time.
While 2020 has proven to be a year of uncertainties, GoldHaven has risen to the challenge and navigated exploration and development with a talented management team. With the combined expertise of a seasoned team, mineral-rich projects, and assets in stable political jurisdictions, GoldHaven continues to offer security during uncertain times to investors.
For more information, visit the company’s website at www.GoldHavenResources.com.
NOTE TO INVESTORS: The latest news and updates relating to GHVNF are available in the company’s newsroom at http://ibn.fm/GHVNF
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