Westhaven Gold Ramps Up Exploration in British Columbia with $85M Dundee-Backed Program
Event summary
- Westhaven Gold begins exploration at Spences Bridge Gold Belt properties, including a 15,000m drilling program starting mid-July 2026.
- 35,000m resource infill drilling program is over 50% complete, confirming gold and silver mineralization continuity in the South Zone deposit.
- $85M earn-in agreement with Dundee Corporation funds exploration, with Dundee committing $30M for a 50,000m drill program and PFS work at Shovelnose.
- Prospecting, mapping, and soil surveys underway on Prospect Valley and Shovelnose properties.
The big picture
Westhaven Gold is aggressively expanding its exploration efforts in the Spences Bridge Gold Belt, leveraging a strategic partnership with Dundee Corporation to fund extensive drilling and feasibility studies. This move aligns with broader industry trends of consolidating high-margin gold-silver projects in underexplored regions, aiming to capitalize on rising precious metal prices and investor interest in low-sulphidation epithermal deposits.
What we're watching
- Resource Expansion
- How the 15,000m exploration drilling program will impact resource estimates and potential new discoveries at Shovelnose.
- Project Derisking
- Whether the ongoing PFS studies and infill drilling will successfully reduce risks for future development phases.
- Strategic Partnership
- The pace at which Dundee Corporation's $85M earn-in agreement accelerates Westhaven's project timelines and funding capabilities.