Northwire Canada EditionFriday, July 10, 2026
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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 Reports 8.12m Grading 47.56 g/t Gold and 229 g/t Silver from Resource Infill Drilling at the Shovelnose Property, Southern British Columbia

Westhaven Drill Results Validate Shovelnose PEA Economics Amidst Dundee Partnership Execution

By The Northwire Desk — AI Analysis May 26, 2026 · 07:00 WHN · 0.295 Westhaven Gold Corp.
Executive Summary
  • Westhaven Gold Corp. reported high-grade gold and silver intercepts from ongoing mineral resource infill drilling at the South Zone deposit of the Shovelnose project in Southern British Columbia.
  • Key highlight includes hole SNR26-73 returning 8.12m grading 47.56 g/t Au and 229 g/t Ag, alongside other significant intercepts ranging from 9.51 to 15.63 g/t Au over widths of 11.77m to 33.0m.
  • The 2026 drilling program is approximately 33% complete with 11,514 meters drilled across 40 holes to date.
  • Exploration work is funded through a strategic earn-in agreement with Dundee Corporation, which includes a minimum commitment of CDN$30,000,000 for drilling and Pre-Feasibility studies.
  • Four active drills are currently on-site: three focused on resource infill drilling and one conducting hydrogeological drilling in support of Pre-Feasibility studies.
  • Airborne geophysical surveys are complete with final data processing expected by mid-summer to guide upcoming programs.
Material Impact
  • The news confirms the continuity of high-grade mineralization within the South Zone deposit, aligning closely with the 2025 Preliminary Economic Assessment (PEA) assumptions regarding grade and width.
  • While the grades are exceptional (47.56 g/t Au), they are consistent with previous drill results reported in May 2026 (e.g., SNR26-70 on May 7th returned 17.04 g/t Au over 23m). This suggests the market had already priced in high-grade potential following the Dundee partnership announcement and initial infill drilling.
  • The progress validates the execution of the $85 million earn-in agreement with Dundee Corporation, reducing execution risk regarding the funding of the Pre-Feasibility Study (PFS) targeted for H2 2027 completion.
  • However, this is an incremental update within a larger strategic transaction rather than a fundamental shift in project economics or ownership structure. The core value driver remains the Dundee partnership and PEA economics, which were established earlier in 2026.
  • Consequently, the impact is positive but expected, categorized as routine execution of a previously announced major capital program.
WHN · Price
Company Overview
  • Company: Westhaven Gold Corp., trading on TSX-V (WHN) and OTCQB (WTHVF).
  • Flagship Project: Shovelnose Gold and Silver Project, located in the Spences Bridge Gold Belt, Southern British Columbia.
  • Project Status: Development / Pre-Feasibility stage; 2025 PEA completed with an 11-year underground mine life.
  • PEA Economics: Estimated CDN$454 million after-tax NPV (6% discount rate), 43.2% IRR, and average annual production of 56,000 oz Au and 313,000 oz Ag.
  • 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.
  • Infrastructure: Proximity to highway, powerline, and forestry roads reduces capital needs compared to remote projects.
Read the original news release →

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