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    • GoldHaven Resources acquires Copper Peak Metals
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    GoldHaven Resources acquires Copper Peak Metals

    Harry Posted on

    The transaction involved 3.99 million shares of common stock and one million warrants, with some shares included in a pooling arrangement. Credits: Joaquin Corbalan P/Shutterstock.

    Canadian junior metals exploration company GoldHaven Resources has completed the acquisition of Copper Peak Metals, securing two assets in the historic districts of British Columbia (BC).

    This acquisition integrated the Magno and Three Guardsmen mining properties into GoldHaven’s portfolio and follows a definitive securities exchange agreement signed between the companies on October 31, 2024.

    The transaction involved an exchange of 3.99 million shares of common stock at a deemed price of $0.09 each and a warrant to purchase one million shares; Some of the shares were subject to pool regulation.

    The shares are subject to a release plan: 10% immediately, the remainder in six tranches over three years.

    Additionally, the company has committed to pay property option holder Gerry Diakow $93,334 by January 29, 2025.

    The Magno Property, located in the Liard Mining District, consists of 24 mineral properties, and the Three Guardians property, located in the northwestern corner of BC near Haines Junction, is an exploration area with historic finds of numerous valuable minerals.

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    Bonn Smith, CEO of GoldHaven, said: “Our newly acquired assets place us in a well-known and historic area with two district-scale properties in BC. We are eager to begin phase one exploration on the Magno property to confirm connectivity with known and nearby porphyry systems in BC. “

    The Magno and Three Guardian properties are located in areas known for high-grade porphyry copper and gold deposits and offer significant exploration potential.

    The exploration strategy for these properties will focus on identifying porphyry resources beneath the skarn deposits through geochemical and geophysical exploration. This approach aims to discover the origins of mineralized fluids associated with these skarns, potentially leading to important findings in the region.

    BC is recognized as a leading mining jurisdiction. Canada is said to be a leading copper producer and hosts significant gold resources.


    Harry
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