GoldHaven announces the filing of the NI 43-101 technical report on the Powerline Uranium project

Vancouver, British Columbia–(Newsfile Corp. – May 7, 2024) – GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS0) (“GoldHaven” or the “Company”) announces that the Company has filed on SEDAR an independent technical report (the “Report”) prepared in accordance with National Instrument 43-101 on information concerning mining projects (“NI 43-101”) which concluded that the Uranium Power Line Project (the property”) East a property of merit which justifies an extensive exploration and drilling program in several phases.

Bonn Smith, CEO of GoldHaven, said: “The first drilling will be carried out near the historic Samson well near the center of the Powerline property, as the gamma ray readings in this well, at certain depths, are literally off the charts (see Figure 1). Once we collect cores from the anomalous depths (the red areas in Figure 1), we will be able to determine the continuity of uranium mineralization in this section of the property, as well as increase our confidence in the estimated uranium content throughout the Powerline project. “

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Attractive uranium grades

The Powerline Uranium project is located in sedimentary rocks (sandstone) of the Colorado Plateau. With sandstone-type uranium deposits, grades in the 0.01% U₃Oh₈ range may be attractive due to the advent of in situ leach (ISL) mining practices.

Historical geophysical logs of gamma rays in the Samson well (near the center of the Powerline property) indicates a 35.4 m (116 ft) thick zone of uranium mineralization within which a 19.0 m (62.4 ft) thick section is estimated to have uranium content of 0.0258% U₃Oh₈ (Hite, 2015).

This estimate of uranium content is based on the interpretation of gamma ray geophysical logs taken in the well during its drilling in 2007. The information from these logs is considered reliable and relevant for uranium mineralization since the logging instrument has been calibrated to detect shale units that are of interest to oil and gas drilling and are probably underestimate uranium contained in the abnormal zone.

A qualified person has not done sufficient work to classify these quality historical estimates as accurate and the issuer does not consider the historical estimates to be valid. A planned borehole in Phase 1 is designed to recover core samples for analysis and re-gamma-ray logging to provide calibration data for more accurate interpretation of grades.

The story continues

The full report dated April 15, 2024, entitled “NI 43-101 Technical Report on the Powerline Uranium Project, Grand County, Utah, USA,” is available on the Company’s website at https://goldhavenresources. com/uranium/powerline-uranium-project-utah/ and on SEDAR under the Company’s issuer profile at www.sedar.com.

Qualified person

Seymour M. Sears, BA, B.Sc., PGO, a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has read and approved all technical and scientific information contained in this press release .

About GoldHaven Resources Corp.

GoldHaven Resources Corp. is a Canadian junior metals exploration company focused on the acquisition and exploration of mineral exploration targets in North America. The Company is progressing exploration of its Smoke Mountain property, located in the highly prospective porphyry-epithermal belt of central British Columbia, where a new 2.5 kilometer long trend of Cu-Au-Zn mineralization has been identified. Proactive engagement with stakeholders and indigenous rights holders to build mutually beneficial relationships is an integral part of GoldHaven’s strategy.

On behalf of the board of directors

Bonn Smith, President and CEO

For more information, please contact:

Bonn Smith, CEO
www.GoldHavenresources.com
[email protected]
Direct office: (604) 638-3073

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE-Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Press release references

Hite, RJ, 2015: Private computing in the files of Ameranium Resources Corp.

Cautions Regarding Forward-Looking Information

This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws, including the United States Private Securities Litigation Reform Act of 1995.

All statements, other than statements of historical fact, included herein, including, without limitation, the intended use of the proceeds received from the offering, the possible acquisition of the projects, the expectations of the Company as to its success in implementing its business plans, and the Company’s anticipated business plans and timing of future activities are forward-looking statements. Although the Company believes that these statements are reasonable, it can give no assurance that these expectations will prove to be correct. Forward-looking statements are generally identified by words such as: “believes”, “will”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may” , “should”, “potential”. “, “scheduled”, or variations of these words and similar expressions, which by their nature refer to future events or results which may, could, would, could or will occur or be taken or In making the forward-looking statements contained in this press release, the Company has applied several material assumptions, including, without limitation, that investor interest will be sufficient to close the offering and receipt of all proceeds. regulatory or corporate approvals required in connection with the offering and the Divestiture, that there will be investor interest in future financings, market fundamentals will result in sustained demand and prices for precious metals, obtaining all necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company’s projects in a timely manner, the availability of financing on appropriate terms for the exploration and development of the projects of the Company and the Company’s ability to comply with environmental, health and safety laws.

The Company cautions investors that the Company’s forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those contained in the forward-looking statements due to various factors, including operational difficulties and related techniques relating to mineral exploration and development activities, the actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing to conduct its business and affairs, as currently contemplated, failure to close the Offering, costs and timing of development of new deposits, additional capital requirements, future prices of precious metals, changes in conditions general economic conditions, changes in financial markets and in market demand and prices for raw materials, lack of investor interests in future financing, accidents, labor disputes and other risks of the mining industry, delays in the obtaining government approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain necessary permits, consents, approvals or authorizations, including from the Exchange, the timing and possible outcome of any pending litigation, environmental issues and responsibilities, and risks associated with the joint venture activities, as well as other risks and uncertainties. disclosed in the Company’s most recent interim management report and filed with certain securities commissions in Canada. All Canadian public disclosure documents filed by the Company are accessible via www.sedar.com and readers are encouraged to review these documents.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any forward-looking statements. The Company undertakes no obligation to update any forward-looking statements contained in this press release or incorporated by reference herein, except as otherwise required by law.

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