Westhaven Extends High-Grade Gold and Silver Mineralization Below South Zone Deposit — Westhaven Gold Corp.

Event summary

Drill hole SNR26-117 returned 10.04m grading 12.18 g/t Au and 103 g/t Ag, extending high-grade mineralization below the deepest proposed mining stopes in Westhaven’s 2025 PEA.
Drill hole SNR26-110 returned 37.34m grading 6.24 g/t Au and 55 g/t Ag, confirming thick, high-grade mineralization at the southeastern margin of the South Zone deposit.
The 35,000m resource infill drilling program is 76% complete, with four active drills on the South Zone deposit.
Dundee Corporation has committed CDN$30,000,000 under a strategic earn-in agreement, including a fully funded 50,000m drill program and pre-feasibility study at Shovelnose.

The big picture

Westhaven’s latest drill results extend high-grade gold and silver mineralization beyond the proposed mining stopes, potentially increasing the project’s economic viability. The strategic partnership with Dundee Corporation, backed by significant financial commitments, underscores the growing interest in high-margin gold and silver assets in the Spences Bridge Gold Belt. The results come as the mining sector continues to focus on resource expansion and project de-risking ahead of feasibility studies.

What we're watching

Resource Expansion: Whether follow-up drilling can further increase contained ounces in the South Zone deposit.
Project Economics: How the updated mineral resource estimate will impact the pre-feasibility study targeting completion in H2 2027.
Strategic Partnership: The pace at which Dundee Corporation’s earn-in agreement will accelerate the exploration and evaluation of the Shovelnose project.