- Mining industry specialist expects next year to be busy for junior miners after temporary halt due to pandemic
- Junior miners likely to start 2021 with better financing prospects; exploration expected to resume
- GOH well placed to capitalize on expected junior boom
As the metal exploration boom elevates the junior mining industry’s outlook, Canada-based GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) seems well positioned to leverage the favorable environment that industry experts forecast for 2021 (https://ibn.fm/tFPOm). In a panel discussion hosted by Mines and Money, the leading international event series for capital-raising and mining investment, Jessie Chen of Long State Investment asserted that she expects a bright future for junior mining companies over the next 12 to 18 months.
Global junior mining activity, including exploration, is expected to resume next year after a temporary halt due to the virus outbreak and restrictions that ensued. Chen also expects to see better availability of financing for the juniors as social-distancing measures ease. Capital flow is on the rise, with total funding raised by junior miners amounting to $1.8 billion in the second quarter of 2020, up from $1.6 billion raised in the same quarter last year.
Junior miners are mining companies with a small market cap that engage in exploration work, potentially making a major gold discovery upon which they are often acquired by a mining major. These companies are part of one of the major trends in the gold mining industry, where smaller companies are often found behind grand discoveries.
Well-capitalized, GoldHavens Resources continues to engage in exploration activities across Northern Chile. GOH’s latest high-priority projects include Rio Loa, where the company identified a large system with a high concentration of pathfinder element anomalies. Trenching, mapping and sampling are expected to complete this month, with assay results expected before the phase I drill program in early 2021.
Other high-priority projects include Alicia, Coya and Roma Sur, which GoldHaven also expects to advance early next year. These four locations are marked as high-priority projects based on studies that show significant pervasive alteration, favorable geology and highly anomalous rock geochemistry on-site. With these ambitious exploration plans, recent funding and executive team enhancement to support these strategic programs, GoldHaven seems well on its way to capitalize on the positive trends expected for the junior mining sector in the next year.
For more information, visit the company’s website at www.GoldHavenResources.com.
NOTE TO INVESTORS: The latest news and updates relating to GHVNF are available in the company’s newsroom at http://ibn.fm/GHVNF
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