Issued on behalf of GoldHaven Resources Corp.
VANCOUVER – Baystreet.ca News Commentary – Global gold demand breached 5,000 tonnes for the first time last year, with mine production reaching a record 3,672 tonnes and investment activity surging 84% year over year. The World Gold Council reported that total consumption value climbed to US$555 billion as central bank purchases hit 863 tonnes, bar and coin buying reached a 12-year high, and gold ETF holdings grew by 801 tonnes[1]. The United States remains 100% import-reliant for 16 critical minerals, and the average timeline to bring a new mine online domestically stands at 29 years[2]. Against that backdrop, GoldHaven Resources (CSE: GOH), Galiano Gold (TSX: GAU), New Found Gold (TSXV: NFG), Pirate Gold (TSXV: YARR), and G Mining Ventures (TSX: GMIN) are drilling aggressively across gold-rich jurisdictions from Ghana to Newfoundland to Brazil.
Rising exploration costs and more selective capital markets have pushed many juniors toward dual-track strategies that pair near-term production with continued exploration upside. The math favors companies with active drill programs in proven districts: every confirmed ounce in the ground is worth significantly more today than it was twelve months ago, and major producers with depleting reserves are watching closely[3].
GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) has confirmed gold mineralization in bedrock at its Copeçal West Target in Brazil, with the first-ever drilling at the high-priority zone returning 39 meters at 0.11 g/t gold from 58 meters depth in unweathered rock. That interval, from hole COPE-PDH-008, included 3 meters grading 0.30 g/t gold and represents the first confirmation that the broad surface gold anomaly at Copeçal is sourced from a mineralized system in fresh bedrock beneath a thick saprolite layer that had previously masked the geology below. All four holes drilled at the Western Target intersected anomalous gold. Hole COPE-PDH-006 returned 7 meters at 0.46 g/t gold, including 1 meter at 1.21 g/t. Hole COPE-PDH-007 cut 28 meters at 0.14 g/t gold with a 1-meter intercept grading 1.04 g/t. Hole COPE-PDH-005 hit 30 meters at 0.16 g/t gold from surface, including 22 meters at 0.20 g/t. The consistency of anomalous gold across all four holes validates the company’s exploration model and provides a strong foundation for follow-up drilling designed to vector toward higher-grade zones at depth and along strike.
“These latest drill results represent a major milestone for the Copeçal Project,” stated Robert Birmingham, CEO of GoldHaven. “For the first time, we have confirmed gold anomalism in fresh bedrock beneath the thick saprolite profile that previously masked the system. Importantly, these are the first holes ever drilled at the Western Target, and the results provide strong confidence that the robust surface geochemical anomaly is sourced from an underlying mineralized system.”
The Copeçal Gold Project sits within the Alta Floresta Mineral Province, a Paleoproterozoic belt in Brazil’s Juruena Gold Province where GoldHaven Resources holds 3,681 hectares. The region is recognized for hosting multiple gold and copper occurrences, and the company previously completed its inaugural diamond drilling program at Copeçal’s East Target, where nine holes totaling 1,085.7 meters discovered bornite, suggesting potential for a substantial gold-copper system.
Beyond Brazil, GoldHaven Resources has confirmed anomalous tungsten mineralization at its Magno Property in British Columbia, where the 2025 surface program returned bonanza silver grades up to 2,370 grams per tonne and tungsten values reaching 6,550 ppm across multiple skarn zones. The company also confirmed high-grade copper at its Three Guardsmen Project, with surface sampling returning up to 15.85% copper. GoldHaven now controls 133,186 hectares across proven mining jurisdictions, with all projects supported by a comprehensive 43-101 Technical Report.
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In other industry developments and happenings in the market include:
Galiano Gold (TSX: GAU) (NYSE American: GAU) has reported results from its 2025 Abore drilling program at the Asanko Gold Mine in Ghana, where multiple intercepts confirm the continuity and depth potential of high-grade zones. Highlighted results include 14.2 g/t gold over 15 metres, 4.7 g/t gold over 24 metres, and 30.4 g/t gold over 4 metres from 500 metres depth. Step-out holes drilled up to 200 metres below previous drilling all intersected mineralization, demonstrating the Abore system remains open at depth across the full 1.8 kilometres of strike length.
“These latest results conclude an extremely successful year of discovery at Abore that has seen the deposit emerge as a key growth target for the AGM,” said Chris Pettman, Vice President of Exploration of Galiano Gold. “This latest phase of drilling highlights that the Abore mineralizing system is much larger than previously believed and remains open as we continue to step out and intersect mineralization at depth.”
The company has approved a $17 million exploration budget for 2026, with a 30,000-metre drill program planned at Abore targeting underground resource growth and category upgrades. A maiden underground Mineral Resource estimate is expected in February 2026.
New Found Gold (TSXV: NFG) (NYSE American: NFGC) has commenced its 2026 drill program at the Queensway Gold Project in Newfoundland with four rigs currently active. The company also reported K2 zone infill results including 5.22 g/t gold over 14.90 metres from 58.45 metres downhole and 3.42 g/t gold over 19.85 metres from 100.80 metres downhole.
“Following a successful 2025 program, we have recommenced drilling at Queensway with four rigs currently active,” said Melissa Render, President of New Found Gold. “The K2 infill drill results reported in this release demonstrate consistent and continuous gold mineralization, with results closely aligning with the initial mineral resource block model.”
The 2025 program comprised 74,377 metres of drilling across 614 diamond drill holes. K2 zone mineralization begins at surface and has been defined to a maximum vertical depth of 250 metres, remaining open at depth. The 2026 program focuses on resource conversion drilling at the AFZ Core to support the mine plan from the company’s 2025 preliminary economic assessment.
Pirate Gold (TSXV: YARR) has initiated a 50,000-metre diamond drilling program at its Treasure Island Project in central Newfoundland. Two diamond drills are currently on site with a third rig scheduled to mobilize in early 2026. The project covers over 80 kilometres of strike along the Valentine Lake fault zone.
“We recognized early on in our assessment of Treasure Island that discoveries here are going to be made with the drill bit,” said Greg Matheson, VP Exploration of Pirate Gold. “With the amalgamation of a number of prospects across a vast area of favourable geology we have a truly regional scale project on our hands.”
Initial drilling is focused on expansion of the high-grade Moosehead zone, with the primary objective of advancing new regional discoveries across the broader property. The company is rapidly moving targets through its exploration pipeline to the drilling stage, and the ambitious program will allow exploration of both developed prospects and grassroots targets at an accelerated pace.
G Mining Ventures (TSX: GMIN) (OTCQX: GMINF) has provided its 2026 and 2027 operational outlook for the Tocantinzinho Gold Mine in the State of Pará, Brazil. Gold production in 2026 is expected to range between 160,000 and 190,000 ounces at all-in sustaining costs of $1,230 to $1,444 per ounce sold, with production weighted toward the second half as higher-grade mineralization becomes available. The company’s 2027 guidance projects 200,000 to 235,000 ounces, a 25% increase at the midpoint, with AISC declining approximately 20%.
“Our 2026 and 2027 guidance reflects the continued execution of our operating and growth strategy,” said Louis-Pierre Gignac, President and Chief Executive Officer of G Mining Ventures. “At TZ, we expect steady production while maintaining a competitive cost structure. At Oko West, project development is advancing in line with plan, supporting our objective of achieving first gold production in the second half of 2027.”
The 2026 exploration program is expected to be the largest in the company’s history, with a total budget of $42 million to $50 million across Gurupi, Oko West, and Tocantinzinho. Growth capital expenditures of $514 million to $568 million are planned to advance the Oko West Gold Project in Guyana toward first gold in H2 2027.
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SOURCES:
1. https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-full-year-2025
2. https://skillings.net/weekly-mining-watch-5-global-trends-set-to-define-the-market-week-of-february-9-2026/
3. https://investingnews.com/how-near-term-production-is-changing-the-junior-gold-exploration-model/
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