Gold Holds Above $4,200 as Explorers Accelerate Resource Expansion Drilling

2025-12-02

 

Issued on behalf of GoldHaven Resources Corp.

 

VANCOUVER – USANewsGroup.com News Commentary – Gold surged back above $4,200 per ounce this week, marking a 60% gain over the past year as investors pile into safe haven assets amid economic uncertainty[1]. Drilling programs across multiple jurisdictions are advancing systematic resource expansion efforts, with gold explorers reporting high-grade intercepts throughout November as companies execute multi-phase campaigns to convert ounces and de-risk development in this elevated price environment[2]. These market conditions create compelling opportunities for investors to gain exposure to companies positioned to capture expanding margins, including GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF), Spanish Mountain Gold Ltd. (TSX: SPA) (OTCQB: SPAUF), Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF), Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF), and Banyan Gold Corp. (TSXV: BYN) (OTCQB: BYAGF).

 

Central bank purchases remain elevated at 220 tonnes in Q3 2025, up 28% from the previous quarter, while ETF investors added 222 tonnes in the biggest quarterly inflow in years, creating favorable conditions for companies advancing drill-defined resources while capturing expanded profit margins in this structural bull market[3].

 

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) has expanded its maiden diamond drilling program at the Copeçal Gold Project in Brazil to nine holes after intersecting encouraging sulphide mineralization at the East Target. The company has reported that eight diamond drill holes totaling 889.55 meters have been completed across both the East and West targets, with the ninth hole now in progress to follow up on the promising pyrite-chalcopyrite interval discovered in hole COPE-PDH-004.

 

“We are encouraged by the progress made during this initial drill campaign at Copeçal,” said Rob Birmingham, CEO of GoldHaven Resources. “The sulphide interval intersected in Hole COPE-PDH-004 is the strongest subsurface evidence we’ve seen to date supporting the robust gold anomalism outlined at surface. Our decision to add a ninth follow-up hole is a direct response to this promising development and underscores our disciplined approach to advancing high-priority targets.”

 

The program has delivered GoldHaven’s most significant subsurface confirmation to date that surface gold anomalies are connected to a deeper mineralized system. Hole COP-004 successfully cut through disseminated fine-grained pyrite and chalcopyrite across a 21.25-meter interval from 79 meters to 100.25 meters depth, occurring within a sheared biotite granitoid that displays phyllic alteration characterized by quartz-muscovite-sericite-calcite assemblages. This geological signature indicates that GoldHaven has penetrated the hydrothermal system driving gold mineralization in the region.

 

The reconnaissance drilling tested high-priority gold targets outlined by soil and auger geochemistry supported by geophysical surveys. Four holes at the East Target totaled 441.7 meters, while four holes at the West Target totaled 447.85 meters. The current ninth hole is designed to test the depth extension of the mineralized zone intersected in hole COPE-PDH-004 and is planned to reach 200 meters downhole. Once completed, all drill cores will be geologically logged, sampled, and submitted for assay.

 

Beyond its Brazilian operations, GoldHaven continues expanding its footprint in British Columbia. The company is advancing its Magno Project in the Cassiar region, recently securing the Hamel claims to consolidate a district-scale land package exceeding 36,000 hectares.

 

GoldHaven now commands a diversified exploration portfolio spanning 123,900 hectares across two premier mining jurisdictions. With sulphide mineralization confirmed in drill core and an expanded drilling program underway, the company presents investors with substantial scale paired with active discovery momentum, all underpinned by a comprehensive 43-101 Technical Report.

 

CONTINUED… Read this and more news for GoldHaven Resources at:

https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/

 

In other industry developments and happenings in the market include:

 

Spanish Mountain Gold Ltd. (TSX: SPA) (OTCQB: SPAUF) has delivered exceptional drilling results from its Spanish Mountain Gold Project in British Columbia’s Cariboo Gold Corridor, with drill hole 25-DH-1299 intersecting 139.82 m of 0.82 g/t gold including 34.60 m of 2.17 g/t gold with a high-grade subset of 7.60 m grading 7.09 g/t gold. The same hole intersected a second, deeper interval of 45.54 m grading 1.67 g/t gold including 33.54 m of 2.19 g/t gold with a high-grade subset of 13.53 m of 4.79 g/t gold.

The company’s Orca Fault target continues to demonstrate significant higher-grade mineralization over 300 m in strike length, with the deep intersection confirming historical drilling that indicated higher-grade mineralization at depth below the constraining open pit shell for the 2025 Mineral Resource Estimate. The 2025 Fall Drill Program has completed approximately 6,947 m of the planned 9,000 to 10,000 m of exploration drilling, with assays pending on fifteen additional drill holes from the Orca Fault area and five completed drill holes on the A12 target.

 

Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) reported Q3 2025 operating results from its Mercedes mine in Mexico, producing 6,219 oz of gold and 18,866 oz of silver during the quarter with cash costs of $3,161 per gold ounce sold and all-in sustaining costs of $3,563 per gold ounce sold. Production and development during the third quarter were significantly impacted by an ongoing deficit in development and production faces related to contractor underperformance issues in early 2025 and challenging ground conditions at the Marianas deposit, which affected progress on ventilation improvements.

 

“Both tonnage mined and gold ounces produced were impacted during Q3 2025 by the development deficit at Mercedes that resulted from the operating challenges in the first half of 2025, and by ventilation issues stemming from poor ground stability at the Marianas deposit, both of which substantially impeded the pace of mining activity,” said Eric Caba, CEO of Bear Creek Mining. “The Company is continuing to implement its development recovery plan and address operating costs at Mercedes while, at the corporate level, we continue the Strategic Review process and evaluate options for unlocking value at the Corani project and optimizing available resources at Mercedes.”

 

The company reported a Q3 2025 comprehensive loss of $30.8 million, largely attributable to $20.2 million in non-cash items including changes in the fair value of embedded derivatives and stream arrangements, with Adjusted Earnings of $(10.6) million for the quarter.

 

Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) has expanded the Gold Rock Camp with high-grade discoveries at the Mud Lake Target Area, located 2 km northeast of the main Gold Rock target area along the prolific Manitou-Dinorwic Deformation Zone, with quartz vein intersects as high as 43.10 g/t gold over 0.50 m and surface sampling on a high-grade shear zone returning 93.00 g/t gold. The first pass 3-hole exploration program was designed to confirm the periodicity of high-grade gold structures controlled by the MDdz along its 20-km strike in the Gold Rock Camp.

“One of our four major objectives in the 2025 exploration program was to validate our theory of periodicity of deposits in the Gold Rock Camp,” said Trey Wasser, CEO of Dryden Gold. “Our early success at Mud Lake confirms that the geological setting could support multiple sub-parallel, gold-bearing structures. This type of structural repetition is the foundation of many high-performing gold camps and signals meaningful upside for ongoing exploration.”

 

Additional mapping and sampling indicates potential at Mud Lake for a 1-km mineralized footprint similar to the Gold Rock target area, with structural controls and surface expression showing potential for similar mineralization to the Big Master and Elora Gold Systems. The company will continue to develop additional targets in the Gold Rock Camp and analyze data collected from the summer Mud Lake program to plan permitting and further testing at Mud Lake.

 

Banyan Gold Corp. (TSXV: BYN) (OTCQB: BYAGF) continues to intersect high-grade mineralization at its Airstrip deposit within the AurMac Project in Yukon, with drill hole AX-25-708 returning 3.66 g/t Au over 17.6 m including 6.80 g/t Au over 9.3m with a high-grade interval of 35.98 g/t Au over 1.6m. Additional significant intercepts include AX-25-703 with 2.04 g/t Au over 11.4m including 3.60 g/t Au over 5.6m with a high-grade interval of 7.98 g/t Au over 1.2m, and AX-25-714 with 1.12 g/t Au over 18.4m including 2.12 g/t Au over 6.7m.

 

“These results continue to highlight the >1g/t Au near-surface mineralized domains in AurMac,” said Tara Christie, CEO of Banyan Gold.

 

The high-grade core of Airstrip associated with the felsic dyke contact now extends over 500m along strike and nearly 300m down dip, with the company extending very high-grade mineralization over 100m down dip and highlighting the potential to continue adding ounces to the Airstrip deposit and improve areas of the existing Mineral Resource Estimate. The current Mineral Resource Estimate for the AurMac Project comprises an Indicated Mineral Resource of 2.274 million ounces of gold at 0.63 g/t and an Inferred Mineral Resource of 5.453 million ounces of gold at 0.60 g/t.

 

 

Article Source: https://usanewsgroup.com/goh-profile/

 

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SOURCES CITED:

  1. https://fortune.com/article/current-price-of-gold-12-01-2025/
  2. https://www.globenewswire.com/news-release/2025/11/25/3194676/0/en/Drilling-Programs-Define-New-Zones-as-Gold-Still-Targets-5-000.html
  3. https://think.ing.com/articles/gold-monthly-fundamentals-remain-strong/

 

 

 

 

 

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