Ken Armstrong, President and CEO of Westhaven, commented: "With drilling underway, we have launched what we believe will be a transformational 2026 program at Shovelnose. The drilling is designed to advance the project's high-margin, low-cost development potential while targeting additional gold and silver discoveries across the property. In collaboration with Dundee, our team is currently finalizing the overall 2026 work plan, with the drill program alone expected to total approximately CDN$20 million and include up to four drill rigs completing 50,000 metres of drilling. This represents the most extensive drilling campaign ever undertaken at Shovelnose. Initial work will focus on resource infill drilling at the South Zone to strengthen and expand the existing resource base, with exploration drilling increasing as additional rigs are mobilized in the coming months. We look forward to delivering consistent results as the program advances and to further demonstrating the full potential of Shovelnose throughout 2026."
About Westhaven Gold Corp.
Westhaven is a gold and silver focused exploration and development company targeting low sulphidation, high-grade, epithermal style gold and silver mineralization within the Spences Bridge Gold Belt in southern British Columbia. Westhaven controls ~60,263 hectares within four gold properties spread along this underexplored belt.
The Shovelnose gold project is the most advanced property, with a recently updated 2025 Preliminary Economic Assessment that validates the project's potential as a robust, low-cost and high-margin 11-year underground gold mining opportunity with average annual life-of-mine production of 56,000 ounces gold and 313,000 ounces silver with a CDN$454 million after-tax net present value (at a 6% discount rate) and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of CDN$1.00=US$0.72).1
About Dundee Corporation
Dundee Corporation is a ...
