Westhaven Kicks Off Airborne Surveys at Shovelnose as Dundee Commits $30M
Event summary
- Westhaven Gold Corp. has started helicopter-borne geophysical surveys at its Shovelnose Gold and Silver Project in southern British Columbia.
- The surveys are funded under a strategic earn-in agreement with Dundee Corporation, which has committed $30M in the first phase of a potential $85M investment.
- The 2026 exploration program includes 3,800-line km of data collection over newly acquired mineral claims.
- Data processing and reporting are expected to be completed by mid-summer to guide exploration drilling later this year.
The big picture
Westhaven's airborne surveys at Shovelnose are part of a broader push to develop high-grade, epithermal gold and silver deposits in the Spences Bridge Gold Belt. Dundee's significant financial commitment underscores the strategic importance of the region, which remains underexplored despite hosting compelling mineralization. The integration of new geophysical data with previous findings could unlock additional exploration potential, positioning Shovelnose as a key player in Canada's precious metals sector.
What we're watching
- Execution Risk
- Whether Westhaven can integrate new survey data with existing information to identify high-potential drilling targets.
- Strategic Alignment
- How Dundee's $30M commitment will accelerate the development of the Shovelnose project and other Spences Bridge Gold Belt properties.
- Market Dynamics
- The pace at which Westhaven can advance the Shovelnose project towards production, given the current high-margin gold and silver market conditions.
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