GoldHaven Resources (GOH.CN) Chief Executive Rob Birmingham on Monday said that "global markets are increasingly recognizing the strategic importance of securing Western sources of tungsten and other critical minerals amid growing supply chain concerns."
Its Magno project located in northern British Columbia hosts multiple tungsten-bearing skarn targets with values up to 6,550 parts per million (ppm) tungsten, the company said. It has also identified elevated indium values up to 334 ppm within zinc-rich mineralization.
"We believe Magno represents a district-scale critical minerals opportunity combining tungsten-bearing skarn systems, high-grade silver-zinc-lead CRD mineralization, and elevated indium values within one of Canada's premier mining jurisdictions," said Birmingham. "As we advance airborne geophysics, and 2026 drill targeting, we believe Magno continues to demonstrate the characteristics of a large-scale multi-phase mineralizing system with significant critical minerals potential."
The company's 2026 exploration planning is currently underway including airborne geophysics and drill targeting.
Shares of the company closed down 2.2% to $0.22 on Friday on the Canadian Securities Exchange.