Westhaven Gold Confirms High-Grade Mineralization in South Zone Drilling — Westhaven Gold Corp.

Event summary

Westhaven Gold's infill drilling at the South Zone deposit on its Shovelnose property in British Columbia has confirmed high-grade gold and silver mineralization, with highlights including 27.51m grading 14.47 g/t Au and 52.3 g/t Ag.
The 35,000m resource infill drilling program is 66% complete, with four active drills focused on the South Zone deposit.
A fifth drill has been deployed for a 15,000m exploration drilling program targeting potential resource growth.
Dundee Corporation's strategic earn-in agreement involves up to CDN$85 million in staged project expenditures, including a fully funded 50,000m drill program and pre-feasibility study at Shovelnose.

The big picture

Westhaven Gold's ongoing drilling program at the Shovelnose property is part of a broader trend in the mining sector to validate and expand high-grade mineral resources. The strategic partnership with Dundee Corporation underscores the potential of the Spences Bridge Gold Belt, positioning Westhaven as a key player in Canada's undeveloped high-margin gold and silver assets. The success of this program could attract further investment and partnerships, enhancing the project's viability.

What we're watching

Resource Expansion: The pace at which Westhaven can expand the known mineralization and generate potential resource growth across Shovelnose.
Pre-Feasibility Study: Whether the updated mineral resource estimate and pre-feasibility study, targeting completion in H2 2027, will support a robust economic case for the project.
Strategic Partnership: How Dundee Corporation's involvement and funding will impact the acceleration of exploration and evaluation of Westhaven's properties.