GoldHaven Resources Discovers 334 ppm Indium at Magno Property in British Columbia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Source: Globenewswire
- Indium Discovery: GoldHaven Resources has confirmed a significant discovery of 334 ppm indium at its Magno Property in British Columbia, which not only enhances the strategic importance of the site but may also drive a re-rating of the company's stock.
- Market Demand Drivers: As a critical mineral with irreplaceable roles in touchscreens and advanced manufacturing, indium is expected to see price increases driven by net-zero demand and supply shortages, aligning GoldHaven's discovery with this market trend.
- Technological Advancements: By employing modern geochemical methods, GoldHaven has confirmed the enrichment of indium and its association with zinc mineralization, a breakthrough that will guide future drilling targets and enhance the company's exploration potential.
- Project Expansion: GoldHaven is advancing multiple projects simultaneously, controlling 133,186 hectares of mining area, and with assay results pending from Brazil and British Columbia, the company is poised to capitalize on the structural demand for strategic resources.
Analyst Views on HYMC
About HYMC
Hycroft Mining Holding Corporation is a gold and silver exploration and development company that owns the Hycroft Mine in the prolific mining region of Northern Nevada. Hycroft Mine, a gold and silver operation, is located 54 miles northwest of Winnemucca, spanning Humboldt and Pershing counties in Nevada. The Hycroft Mine is an operating segment and includes the mine site, exploration, and development activities. The property consists of 30 private parcels with patented claims totaling approximately 1,787 acres, along with 3,247 unpatented mining claims covering approximately 62,298 acres, for a combined total of approximately 64,000 acres. The Company is also focused on completing the technical studies to transition the Hycroft Mine into a large-scale milling operation for processing the sulfide ore. In addition, the Company is engaged in a robust exploration drill program to unlock the full potential of its expansive +64,000-acre land package.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
