Westhaven Gold Hits High-Grade Intercepts at Shovelnose, Advancing Dundee-Backed Drill Program
Event summary
- Westhaven Gold reported high-grade intercepts at Shovelnose, including 8.12m grading 47.56 g/t gold and 229 g/t silver.
- 2026 drilling program is 33% complete (11,514m, 40 holes) with four active drills on site.
- Dundee Corporation's earn-in agreement commits $30M in first phase, including 50,000m drill program.
- Airborne geophysical surveys completed; final data processing expected by mid-summer 2026.
The big picture
Westhaven's high-grade results at Shovelnose reinforce the project's potential as a high-margin gold and silver opportunity. The strategic partnership with Dundee Corporation, backed by substantial funding, positions Shovelnose for accelerated development in an underexplored gold belt. The project's success could attract further investment in the Spences Bridge Gold Belt, highlighting its growing importance in Canada's mining sector.
What we're watching
- Resource Expansion
- Whether the high-grade intercepts will translate into a significant resource upgrade for Shovelnose.
- Execution Risk
- The pace at which Dundee can deliver on its $85M earn-in commitment and accelerate project development.
- Market Dynamics
- How gold and silver price volatility may impact the economic viability of the Shovelnose project.
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