Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results Routine +

Dundee Corporation Announces Results of Infill Drilling at Westhaven's Shovelnose Gold and Silver Project, Southern British Columbia

Dundee Drilling Confirms JV Strategy as Portfolio Monetization Funds Growth

By The Northwire Desk — AI Analysis May 26, 2026 · 07:00 DC · 3.98 NaN
Executive Summary
  • Dundee Corporation announced high-grade assay results from infill drilling at Westhaven's Shovelnose Gold and Silver Project in British Columbia on May 26, 2026.
  • Key intercepts include 33.0m @ 14.0 g/t Au and 78 g/t Ag (SNR26-73) and 11.77m @ 15.63 g/t Au and 104 g/t Ag (SNR26-76).
  • Drilling progress is at 33% completion for the South Zone mineral resource infill program, with 11,514m completed across 40 holes.
  • The company remains committed to a strategic earn-in agreement with Westhaven Gold Corp., funding up to CDN$85 million to potentially acquire a 60% interest in four properties.
  • A Preliminary Feasibility Study (PFS) for the South Zone deposit is targeted for completion in H2 2027, supported by an updated Mineral Resource Estimate (MRE).
Material Impact
  • The news represents execution confirmation of the strategic earn-in agreement closed in February 2026 rather than a fundamental shift in valuation thesis.
  • High-grade intercepts validate the geological model established during Westhaven's prior PEA and the initial drilling program announced in early 2026.
  • Market expectations were already priced in following the December 2025 agreement announcement and January 2026 royalty monetization which funded the JV commitment.
  • The results are incremental to previous exploration updates (May 7, 2026) and do not introduce new discovery risks or opportunities outside the known South Zone deposit.
  • Financial impact is neutral as capital expenditures are already budgeted within the committed $30 million first-phase funding.
DC · Price
Company Overview
  • Dundee Corporation operates as a diversified mining investment company with a strategic pivot towards direct project ownership via joint ventures.
  • Flagship Project: Shovelnose Gold and Silver Project located in the Spences Bridge Gold Belt, Southern British Columbia.
  • The project is part of a four-property portfolio (Shovelnose, Prospect Valley, Skoonka, Skoonka North) under the Westhaven earn-in agreement.
  • Geological focus is on low-sulphidation epithermal gold-silver systems with historical PEA economics showing strong NPV and IRR metrics.
Read the original news release →

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