Canadian junior metals exploration company GoldHaven Resources has completed the acquisition of Copper Peak Metals, securing two assets within historical districts in British Columbia (BC).
The acquisition integrated the Magno and Three Guardsmen mineral properties into GoldHaven’s portfolio and followed a definitive securities exchange agreement signed between the companies on 31 October 2024.
The transaction involved the exchange of 3.99 million common shares at a deemed price of $0.09 each and one million share purchase warrants, with a portion of the shares being subject to a pooling arrangement.
The shares are subject to a release schedule, with 10% available immediately and the remainder in six tranches over three years.
Additionally, the company has committed to a payment of $93,334 to property optionor Gerry Diakow by 29 January 2025.
The Magno Property, located in Liard Mining District, consists of 24 mineral tenures, and the Three Guardsmen property, situated in the north-west corner of BC near Haines Junction, is an exploration site with historical findings of multiple valuable minerals.
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By GlobalData
GoldHaven CEO Bonn Smith said: “Our newly acquired assets put us in a well-known and historic district in BC with two district-scale properties. We are eager to commence phase one exploration on the Magno property in an effort to confirm a link to the known and nearby porphyry systems in BC.”
The Magno and Three Guardsmen properties are situated in areas known for high-grade porphyry copper and gold deposits, offering substantial exploration potential.
The exploration strategy for these properties will focus on identifying porphyry sources beneath skarn deposits through geochemical and geophysical exploration. This approach aims to discover the origins of the mineralised fluids associated with these skarns, potentially leading to significant findings in the region.
BC is recognised as a premier mining jurisdiction. It is said to be Canada’s leading copper producer and hosts significant gold resources.
