Issued on behalf of GoldHaven Resources Corp.
VANCOUVER – Baystreet.ca News Commentary – Gold just climbed above $4,300 per ounce[1], marking its strongest annual performance since 1979 and creating favorable economics across the entire mining value chain from grassroots exploration to established production. The 60% year-to-date rally has made previously marginal projects economically viable while expanding profit margins for producers[2], as stable production costs amplify gains from higher metal prices. This environment is benefiting companies at every development stage, from explorers advancing new discoveries to producers ramping up operations and multi-asset operators optimizing portfolios. The combination of record prices and sustained institutional demand is creating opportunities for GoldHaven Resources Corp. (CNSX:GOH.CN) (OTC-BB:GHVNF), Borealis Mining Company Limited (TSXV:BOGO.VN) (OTCPK:BORMF), Alkane Resources Limited (TSX:ALK.TO) (OTCQX:ALKEF), Northern Superior Resources Inc. (TSXV:SUP.VN) (OTC-BB:NSUPF), and IAMGOLD Corporation (NYSE:IAG) (TSX:IMG.TO).
Major banks project gold reaching $5,000 per ounce by 2026, driven by continued central bank buying and persistent geopolitical tensions[3]. These forecasts are creating urgency among investors seeking exposure to gold mining stocks before the next leg higher, particularly as the sector remains undervalued relative to the metal's performance, with many companies still trading as if gold were priced at $2,500 per ounce despite the dramatic rally.
GoldHaven Resources Corp. (CNSX:GOH.CN) (OTC-BB:GHVNF) is a Canadian junior exploration company that recently completed its second diamond drill hole at the Copeçal Gold Project in Brazil's Juruena Gold Province, a historically productive region that has yielded substantial gold discoveries since the late 1970s.
The second hole (COP-002) reached 121 meters depth and displayed enhanced alteration and veining intensity compared to the first hole, including broader zones of silicification, localized biotite alteration, and quartz veining with sericite-chlorite and weak carbonate alteration. These features are commonly associated with hydrothermal gold systems and represent exactly the type of geological indicators the company hoped to encounter.
The 3,681-hectare Copeçal project sits in Mato Grosso, Brazil, approximately 60 kilometers from Alta Floresta. AngloGold Ashanti, one of the world's largest gold mining companies, invested approximately $1 million in systematic exploration work here between 2010 and 2016, identifying a 6-kilometer-long gold-in-soil anomaly before shifting focus to other global projects. GoldHaven is now testing whether this surface gold signature extends to depth and could indicate an economic gold deposit. The company is testing high-priority gold targets on a property that benefits from substantial previous exploration by a major mining company.
"We're encouraged by the geological consistency and strengthening alteration we're seeing in our first two drill holes at Copeçal," said Rob Birmingham, President and CEO. "These early results support our interpretation of a large, structurally controlled system with the potential to host gold mineralization. With the drill now turning on our third hole, we look forward to expanding our understanding of the East Target and delivering steady news flow as we advance this exciting project."
The 1,200-meter drilling program uses Ecodrill with NQ-size diamond core (47.6mm diameter) to drill 5-6 angled holes up to 150 meters deep. The program is testing two zones called East and West, both showing persistent gold-in-soil signatures extending across 3-kilometer strike lengths. The drill rig has been mobilized to the third drill pad, positioned approximately 100 meters west along strike from the first two holes, continuing to test the continuity of the East Target's mineralized corridor. Core samples are being processed at ALS Global laboratories, with sample preparation in Cuiabá and assays in Belo Horizonte. Assay results are expected in 4-6 weeks.
"Copeçal has all the hallmarks of a compelling greenfields opportunity," said Jon Hill, former Exploration Manager for AngloGold Ashanti during the project's initial discovery phase, and current Country Manager in Brazil for GoldHaven, in a previous announcement. "As part of the original team that identified the area, I've always believed this project warranted drill testing. It sits in an underexplored but highly fertile mineral belt, and thanks to AngloGold's foundational work, we have robust geochemical and geophysical datasets to guide us."
GoldHaven's exploration work leading up to this drilling program included 107 auger drill penetrations and VLF-EM geophysical surveys that helped pinpoint the best drilling locations. The Copeçal asset benefits from year-round road access via highway MT-325 and sits just 60 kilometers from Alta Floresta, a regional hub serviced by daily commercial air connections. The project is positioned among a growing cluster of significant developments including G Mining's multi-million-ounce Tocantinzinho deposit.
Parallel to Copeçal drilling, GoldHaven has advanced comprehensive summer field programs across its wholly-owned Magno and Three Guardsmen assets in northern British Columbia. The Magno Project footprint has been strategically extended by 5,159 hectares through targeted claim staking.
GoldHaven's project portfolio includes claim packages totaling 123,900 hectares distributed across three Brazilian projects, supported by a comprehensive 43-101 Technical Report for Copeçal.
CONTINUED… Read this and more news for GoldHaven Resources at:
In other industry developments and happenings in the market include:
Borealis Mining Company Limited (TSXV:BOGO.VN) (OTCPK:BORMF) has successfully completed its first gold pour, producing 956.7 troy ounces of doré from stockpile crushing and heap leaching at its fully permitted Nevada minesite. The company poured 65.6 pounds in two bars with preliminary results indicating a roughly 50-50 gold-silver ratio, and approximately 106,000 tons are currently being treated with cyanide solution while another 34,000 tons are crushed and awaiting heap leaching.
"This is a genuine milestone for our team, the Company, and its shareholders," said Andreas Steckenborn, COO of Borealis. "This pour represents the first genuine gold and silver production from fresh oxide material that Borealis has crushed, trucked to the leach pad and treated with cyanide. We've spent an immense amount of time and effort over the past two years optimizing our operations and training and the result was a perfectly executed pour."
The company anticipates its next pour in several weeks with carbon columns currently well-loaded with gold and silver. Borealis expects steady revenue for the next several months, which it intends to grow upon with the upcoming restart of mining operations at the fully permitted Borealis Mine that has historically produced over 600,000 ounces of gold.
Alkane Resources Limited (TSX:ALK.TO) (OTCQX:ALKEF) has released its updated Group Resources and Reserves Statement for FY25, reporting total Mineral Resources of 12.1 million ounces of gold across its three operating mines in Australia and Sweden and the Boda-Kaiser project. The company's Ore Reserves totaled 1.3 million ounces of gold at 1.7 g/t across 23.9 million tonnes, with operations including Tomingley, Costerfield, and Björkdal.
"Alkane's consolidated resource and reserves show the strength of our business," said Nic Earner, Managing Director of Alkane Resources. "We have three operating mines and a major project in Boda-Kaiser, giving us immediate production and a long term growth option. We have substantial capital expenditure occurring through the remainder of this financial year to continue to add to this resource base, particularly at Costerfield."
The updated statement includes 850 million tonnes of total Mineral Resources at an average grade of 0.45 g/t gold, with the Boda-Kaiser project contributing 8.3 million ounces of gold and 1.46 million tonnes of copper. Alkane has prepared JORC Code compliant estimates for the Costerfield and Björkdal operations, with Costerfield reporting high-grade resources of 7.9 g/t gold and 2.3% antimony.
Northern Superior Resources Inc. (TSXV:SUP.VN) (OTC-BB:NSUPF) has entered into a definitive arrangement agreement with IAMGOLD Corporation (NYSE:IAG) (TSX:IMG.TO) pursuant to which IAMGOLD will acquire all outstanding common shares of Northern Superior for 0.0991 of an IAMGOLD share and C$0.19 in cash per share, representing total consideration of approximately C$375 million.
"Today's announcement marks the culmination of a shared vision between Northern Superior and IAMGOLD to create a truly unified and world-class gold camp near Chibougamau, Québec," said Simon Marcotte, President and CEO of Northern Superior. "I'm genuinely excited that they will now become shareholders of IAMGOLD, a company with extraordinary momentum, powered by a leadership team that has flawlessly executed the development of the now-iconic Côté Gold Mine, a highly strategic operation located in one of the world's most sought-after mining jurisdictions."
The transaction values each Northern Superior share at C$2.05, representing a 45% premium to the last closing price, and includes a pro rata distribution of ONGold Resources Ltd. (TSXV:ONAU.VN) (OTC-BB:ONGRF) shares to Northern Superior shareholders with a proportional current market value of C$30 million.
"The addition of Northern Superior's assets to IAMGOLD's Nelligan Mining Complex in the Chibougamau region of Québec is extremely exciting for IAMGOLD, the region and our mutual shareholders," said Renaud Adams, President and CEO of IAMGOLD. "This acquisition aligns with our strategy to become a leading Canadian-focused mid-tier gold producer, bolstering our organic pipeline in Québec where we have maintained a longstanding presence. We look forward to accelerating our exploration program in the region with a goal of further expansion and extension of the mineralization at Nelligan, Philibert and Monster Lake – making the Nelligan Mining Complex already near the top undeveloped projects in mining-friendly Québec and Canada."
The transaction is expected to close in December 2025 or January 2026, subject to shareholder approval at a special meeting expected in December 2025, with directors and senior management of Northern Superior collectively representing approximately 23% of outstanding shares having agreed to vote in favour. IAMGOLD shareholders will gain exposure to a strong balance sheet with liquidity exceeding US$600 million and 2025 production guidance of 735,000 to 820,000 ounces at AISC of US$1,830 to US$1,930 per ounce.
Article Source: https://usanewsgroup.com/goh-profile/ and https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-historic-gold-district-exploration/
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