Northwire Canada EditionFriday, October 16, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4192.70 +0.5% SILVER 57.49 +0.6% COPPER 6.59 +0.5% OIL 96.48 −1.5% PALLADIUM 1120.25 −0.7% MON 0.385 −6.1% OMI 0.255 +2.0% BUFF 0.800 +2.6% FEO 0.670 +3.1% LIB 0.710 −1.4% NPR 0.640 +3.2% QZM 0.380 +0.0% BVA 0.750 −1.3% ONAU 0.530 +1.9% FMR 0.225 +0.0% GSVR 0.350 +2.9% PHNM 0.345 +1.5% SLG 5.62 −1.6% CASA 0.065 +8.3% DRY 0.220 +2.3% SOMA 0.580 +3.6% GOLD 4192.70 +0.5% SILVER 57.49 +0.6% COPPER 6.59 +0.5% OIL 96.48 −1.5% PALLADIUM 1120.25 −0.7% MON 0.385 −6.1% OMI 0.255 +2.0% BUFF 0.800 +2.6% FEO 0.670 +3.1% LIB 0.710 −1.4% NPR 0.640 +3.2% QZM 0.380 +0.0% BVA 0.750 −1.3% ONAU 0.530 +1.9% FMR 0.225 +0.0% GSVR 0.350 +2.9% PHNM 0.345 +1.5% SLG 5.62 −1.6% CASA 0.065 +8.3% DRY 0.220 +2.3% SOMA 0.580 +3.6%
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.

Sep 22, 2026 · 07:00

Westhaven’s South Zone infill holds resource grade with a best hole of 200 g·m, falling below prior batches.

Drill Results Aug 20, 2026 · 07:00

Westhaven’s fifth South Zone infill batch confirms grade, though below-PEA stopes remain unproven.

Drill Results Jul 28, 2026 · 07:00

Westhaven’s infill drilling at Shovelnose confirms high-grade epithermal gold continuity with a flagship hole of 27.5m at 14.5 g/t Au.

Drill Results Jul 07, 2026 · 07:00

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

Drill Results 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