Issued on behalf of GoldHaven Resources Corp.
VANCOUVER – Baystreet.ca News Commentary – Gold mining companies are reporting project milestones across the development spectrum as gold trades near three-week highs above $4,140 per ounce Tuesday[1], with junior explorers completing drill programs and awaiting assays while established producers deliver quarterly results and resource-stage companies advance technical studies. The sector is experiencing renewed momentum driven by record-high precious metal prices and successful advancement of promising projects, positioning companies from reconnaissance drilling through commercial operations to capture value at multiple stages of the mining lifecycle[2]. Companies advancing these programs include GoldHaven Resources Corp. (CNSX:GOH.CN) (OTC-BB:GHVNF), McEwen Inc. (NYSE:MUX) (TSX:MUX.TO), i-80 Gold Corp. (NYSE:IAUX) (TSX:IAU.TO), B2Gold Corp. (NYSE-American:BTG) (TSX:BTO.TO), and Banyan Gold Corp. (TSXV:BYN.VN) (OTC-BB:BYAGF).
The mining sector's annual investment requirements of $300-400 billion through 2030 reflect capital flowing toward both development-stage assets and production expansion[3], while mergers and acquisitions particularly in gold and silver reached significant activity as companies seek scale and resilience at record-high bullion prices[4]. ETF holdings grew by 619 tonnes valued at $64 billion since the start of 2025 with North American funds adding 346 tonnes, demonstrating sustained institutional appetite for gold exposure that supports exploration funding, project advancement, and strategic transactions across the sector[5].
GoldHaven Resources Corp. (CNSX:GOH.CN) (OTC-BB:GHVNF), a Canadian junior exploration company, recently announced the completion of its fifth diamond drill hole at the Copeçal Gold Project in Brazil's Mato Grosso State. Hole CO-05 represents the first test of the project's Western Target, marking a significant step in the company's systematic exploration program.
The 140-meter drill hole intersected a thick saprolite horizon approximately 50 meters in vertical depth, underlain by sheared basement gneiss and muscovite schist. These rock types match those found in earlier drilling, confirming structural continuity across GoldHaven's 3,681-hectare property in the Juruena Gold Province. The Western Target features coincident gold-in-soil and geophysical anomalies that suggest a continuation of the potentially mineralized structural corridor observed in the eastern portion of the property.
GoldHaven has planned for three additional holes as part of its ongoing reconnaissance drilling program, designed to systematically test anomalous gold-in-soil signatures and electromagnetic features across both target areas. The company previously completed four diamond drill holes totaling 420 meters at the East Anomaly, intersecting altered rock sequences typically associated with gold-bearing hydrothermal systems over 10 to 15 meters in estimated true width.
Assay results from the first two drill holes at the Eastern Target are expected within the next two weeks, with results from holes CO-03 through CO-05 to follow once received and validated by GoldHaven's technical team.
"The completion of Hole CO-05 marks an important milestone as we advance systematic testing of the Copeçal targets," said Rob Birmingham, CEO of GoldHaven. "The identification of a thicker-than-anticipated saprolite profile and the transition into sheared basement rocks provide key geological information for refining our exploration model."
The Copeçal project sits within the Alta Floresta Gold Province, a historically productive region hosting multiple deposit styles including G-Mining's Tocantinzinho deposit and recently identified porphyry and epithermal systems. Previous exploration by AngloGold Ashanti from 2010 to 2016 identified multiple zones of anomalous gold mineralization through systematic drilling and geophysical surveys.
Beyond Brazil, GoldHaven continues building its portfolio in British Columbia, where the company recently acquired the Hamel claims covering 429.46 hectares within its flagship Magno Project. The acquisition expands the company's district-scale land position to 36,002.99 hectares in the Cassiar region, where multiple mineralization styles suggest a related series of mineralizing events controlled by the 72-million-year-old Cassiar Stock granite.
GoldHaven's project portfolio includes claim packages totaling 123,900 hectares distributed across properties in British Columbia and Brazil, supported by a comprehensive 43-101 Technical Report for Copeçal.
For a full profile of GoldHaven Resources click here.
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In other industry developments and happenings in the market include:
McEwen Inc. (NYSE:MUX) (TSX:MUX.TO) announced Q3 2025 operational results and reaffirmed its plan to double production by 2030, targeting 250,000 to 300,000 gold equivalent ounces of consolidated annual production. The Fox Complex (Stock and Grey Fox) is expected to contribute approximately 50% of this production goal, followed by the Gold Bar Mine Complex at 30% and El Gallo at 20%.
"We encountered operational challenges that led to production below guidance and higher-than-expected costs. We have identified the root causes at our Nevada and Timmins operations and are implementing decisive corrective measures. We expect these actions to begin delivering positive results in the fourth quarter," said Rob McEwen, CEO and Chief Owner of McEwen Inc. "At the same time, we achieved significant strategic progress. We advanced all sites toward our 2030 goal of 250,000 to 300,000 ounces of annual gold production, published the Feasibility Study for Los Azules, and secured approval for RIGI benefits, providing 30 years of tax and foreign exchange stability, a substantially lower tax burden, and immediate VAT recovery."
The Stock Mine is expected to begin production by mid-2026, while El Gallo is targeting mid-2027 for Phase 1 production. Grey Fox is scheduled to release an updated resource estimate in Q4 2025 and a pre-feasibility study during H1 2026, with full production anticipated to make it McEwen's largest producing mine.
i-80 Gold Corp. (NYSE:IAUX) (TSX:IAU.TO) released a high-grade mineral resource estimate for its FAD Project showing an indicated mineral resource of 594 kt at 4.51 g/t Au, 209.7 g/t Ag, 4.34% Pb, and 6.77% Zn containing 86 koz Au, 4.0 Moz Ag, 57 Mlb Pb, and 89 Mlb Zn. The inferred mineral resource totals 2,736 kt at 5.07 g/t Au, 188.6 g/t Ag, 3.69% Pb, and 4.42% Zn containing 446 koz Au, 16.6 Moz Ag, 223 Mlb Pb, and 267 Mlb Zn.
"The FAD mineral resource update highlights the high-grade nature of the deposit and supports our geological understanding of the Project," said Tyler Hill, Vice President of Geology. "This resource estimate only includes drill holes where quality control measures could be validated and excludes a significant number of historical drill holes where control measures could not be verified. Even with a limited number of drill holes completed to-date, we have significantly enhanced the Project through validation and organization of historic data, and through the metallurgical test work conducted. The deposit remains open at depth, to the east and north where several wide-spaced historic holes have intersected mineralization. We believe FAD has significant upside potential and that the Project could benefit considerably from additional drilling, providing substantial exposure to high-grade polymetallic mineralization in a tier-one mining jurisdiction."
The high-grade polymetallic asset demonstrates attractive net smelter returns of approximately $430/t and $442/t in the indicated and inferred mineral resource categories, respectively. Metallurgical test work indicates critical metals such as gallium, indium, antimony, and tin are present in the zinc concentrate, with the property also hosting near-surface oxide gold mineralization at the Gold Hill target.
B2Gold Corp. (NYSE-American:BTG) (TSX:BTO.TO) reported Q3 2025 production of 254,369 ounces, including pre-commercial production from the Goose Mine, with the Fekola, Masbate and Otjikoto mines all exceeding expected production in the third quarter. The company delivered consolidated cash operating costs of $780 per gold ounce produced ($768 per gold ounce sold) and all-in sustaining costs of $1,479 per gold ounce sold during Q3 2025, with costs better than expected due to higher production, lower fuel costs, and a weaker Namibian dollar foreign exchange rate.
Total production guidance from the Fekola, Masbate and Otjikoto mines remains unchanged at 890,000 to 965,000 ounces of gold in 2025, while B2Gold modified its 2025 gold production guidance for the Goose Mine to between 50,000 to 80,000 ounces (from the previous guidance range of 80,000 to 110,000 ounces) due to crushing plant issues and temporary delays in accessing higher-grade ore from Umwelt underground.
The company achieved commercial production at the Goose Mine on October 2, 2025, and approved a development decision on the Antelope underground deposit, which has the potential to increase Otjikoto Mine gold production to approximately 110,000 ounces per year over the life of the Antelope underground mine.
Banyan Gold Corp. (TSXV:BYN.VN) (OTC-BB:BYAGF) announced an updated mineral resource estimate for the Hyland Gold Project comprising an indicated mineral resource of 337 thousand ounces of gold and 2.63 million ounces of silver (11.3 million tonnes at 0.93 g/t Au and 7.27 g/t Ag) and an inferred mineral resource of 118 thousand ounces of gold and 0.86 million ounces of silver (3.9 million tonnes at 0.95 g/t Au and 6.94 g/t Ag). The updated estimate incorporates all drilling completed through 2018 and reflects the most current information available, with the pit-constrained resource contained in a single near-surface deposit accessible by float plane and by ground via a winter road from Watson Lake.
"The updated, pit-constrained Mineral Resource demonstrates the potential of the Hyland Project as a gold and silver project. Mineralization is still open along strike to the north and south as well as at depth," said Tara Christie, President and CEO. "With additional work, there is potential to delineate additional mineral resources in the main zone, as well as define new resources in other portions of the property. Work will continue in the off-season to update the geologic model and refine targeting at the highly prospective Cuz and Montrose zones."
The Hyland Project is located 70 km northeast of Watson Lake, Yukon, along the southeast end of the Tintina Gold Belt in the Traditional Territory of the Kaska Nations, accessible by a network of existing gravel access roads. The property covers approximately 125 square kilometers and represents a sediment hosted, structurally controlled, intrusion related gold deposit with substantial drill and heavy equipment on site.
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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SOURCES CITED:
3. https://www.weforum.org/stories/2025/01/mining-innovation-resource-stewardship-global-progress/
4. https://www.pwc.com/gx/en/industries/energy-utilities-resources/publications/mine.html
5. https://www.litefinance.org/blog/analysts-opinions/gold-price-prediction-forecast/daily-and-weekly/
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