Northwire Canada EditionFriday, July 10, 2026
Sign inSubscribe
Northwire
⌕
TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

Westhaven Commences Airborne Geophysical Surveys at Its Shovelnose Gold and Silver Project, Southern British Columbia

Westhaven Gold Corp.

By The Northwire Desk — AI Analysis May 13, 2026 · 07:00 WHN · 0.31 Westhaven Gold Corp.
Executive Summary
  • Westhaven Gold Corp. has commenced helicopter-borne high-resolution magnetic, radiometric, and VLF-EM surveys at its Shovelnose Gold and Silver Property in British Columbia.
  • The airborne geophysical surveys are part of an integrated 2026 exploration program funded through a strategic earn-in agreement with Dundee Corporation.
  • Data collection is expected to conclude by the end of May 2026, with final reporting anticipated by mid-summer to guide upcoming drilling programs.
  • Survey scope includes approximately 3,800-line km of data over mineral claims.
  • Funding terms confirm Dundee may earn up to a 60% interest through up to CDN$85,000,000 in staged project expenditures, with Phase 1 committing a minimum of CDN$30,000,000 including these surveys and a 50,000m drill program.
  • New data will be integrated with 2018 magnetic/radiometric survey data and geochemical sampling results from the last three years.
Material Impact
  • The news confirms execution of the Phase 1 commitment under the Dundee Corporation earn-in agreement closed in February 2026, which was previously rated as a Material - Game Changer event.
  • This announcement is incremental to the May 7, 2026 drilling results and does not introduce new financial terms or discovery data; it represents operational progress on an already priced-in transaction.
  • The commencement of geophysics is expected rather than unexpected given the February closing of the $85M agreement which explicitly included these surveys in the Phase 1 scope.
  • No immediate change to valuation drivers occurs as this step precedes potential drill targets; the market impact is limited to confirming management adherence to the spend plan.
  • The news mitigates execution risk regarding the Dundee partnership but does not materially alter the project economics or timeline beyond what was already disclosed in the February transaction details.
WHN · Price
Company Overview
  • Westhaven Gold Corp. is focused on accelerating exploration and development of high-grade underground gold assets in southern British Columbia, specifically the Spences Bridge Gold Belt.
  • Flagship Project: Shovelnose Gold and Silver Property located approximately 2.5 hours from Vancouver with access to highway and powerline infrastructure.
  • Project Status: Development / Pre-Feasibility stage; Updated 2025 Preliminary Economic Assessment (PEA) indicates an 11-year underground mine life.
  • Production Guidance: Average annual production of 56,000 oz Au and 313,000 oz Ag annually based on PEA.
  • Project Economics: After-tax NPV of CDN$454 million (at a 6% discount rate) and an IRR of 43.2%.
  • Resource Base: Indicated resources include 637k oz Au and 3,562k oz Ag payable; Inferred resources include 270k oz Au and 1,859k oz Ag payable as per February 2026 presentation.
Read the original news release →

More from Westhaven Gold Corp.

Jul 07, 2026 · 07:00

Westhaven infill drilling confirms continuity at its project while launching exploration without identifying a new discovery.

Drill Results Jun 25, 2026 · 00:50

Westhaven Gold shareholders approve AGM resolutions

Regulatory Jun 24, 2026 · 18:49

Westhaven Announces Voting Results From 2026 Annual General Meeting

Regulatory Jun 16, 2026 · 10:31

Westhaven Gold advances Shovelnose drilling and its Dundee partnership despite facing pre-revenue liquidity constraints.

M&A / Property May 26, 2026 · 07:00

Westhaven Drill Results Validate Shovelnose PEA Economics Amidst Dundee Partnership Execution

Drill Results May 07, 2026 · 07:00

Westhaven Gold Corp. Initiates PFS Following Dundee Partnership and High-Grade Drill Intercepts

Drill Results