GoldHaven Launches 1,200m Drilling at Copeçal Gold Project Amidst Gold Rally
GoldHaven Resources Corp. (CSE: GOH) has initiated a 1,200-meter diamond drilling program at its Copeçal Gold Project in Mato Grosso, Brazil. The project, spanning 3,681 hectares with year-round road access, is strategically positioned near significant developments like G Mining's Tocantinzinho deposit. This move comes amidst a gold rally, with the precious metal surging past $3,880 per ounce and the VanEck Junior Gold Miners ETF up 98.84% year-to-date.
GoldHaven's drilling program targets two prospect areas with persistent gold-in-soil signatures, aligning with regionally significant shear corridor systems. The company maintains strategic ground positions totaling 123,900 hectares across three Brazilian projects, with a comprehensive 43-101 Technical Report for Copeçal and over $1 million in predecessor exploration expenditures. The project's exploration pedigree includes work by AngloGold Ashanti and Boa Gold, with robust geochemical and geophysical datasets guiding the current exploration.
Institutional investors have acquired new positions in junior gold miners, including GoldHaven, AuMEGA Metals Ltd., Freeman Gold Corp., P2 Gold Inc., and Quimbaya Gold Inc. during this period. Both Goldman Sachs and Bank of America project gold reaching $4,000 per ounce in 2026, indicating a bullish outlook for the sector. Jon Hill, former Exploration Manager for AngloGold Ashanti and current Country Manager for GoldHaven, believes Copeçal has the potential to host an important mineralized system.
GoldHaven's drilling program at Copeçal is well-timed, given the current gold rally and positive projections for the future. The company's strategic positioning and robust exploration datasets suggest promising prospects for the project. As institutional investors continue to show interest in junior gold miners, GoldHaven's efforts at Copeçal could yield significant results.
