Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Drill Results

Westhaven Gold begins drilling at Shovelnose

By The Northwire Desk — AI Analysis Feb 17, 2026 · 11:30 WHN · 0.225 Westhaven Gold Corp.
WHN · Price

Executive Summary

  • Westhaven Gold Corp. has commenced drilling at its Shovelnose gold and silver project in Southern British Columbia, marking the start of a major 2026 exploration and resource definition campaign.
  • The company plans an approximately $20-million, 50,000-metre drilling program for 2026, contingent on the outcome of a special shareholder meeting regarding a proposed transaction with Dundee Corp.
  • The program is described as the most extensive ever undertaken at Shovelnose, aiming to advance the project's development potential and target new discoveries.

Key Details

  • Drilling Program Scope: Approximately $20-million budget for 50,000 metres of drilling planned for 2026.
  • Equipment: Up to four drill rigs expected to be utilized.
  • Strategic Focus: Initial work will focus on resource infill drilling at the South zone to strengthen and expand the existing resource base, followed by exploration drilling as additional rigs are mobilized.
  • Contingency: The program is subject to the outcome of a special meeting of Westhaven shareholders to consider a proposed transaction with Dundee Corp. (previously announced in a news release dated Dec. 22, 2025).
  • Project Background (Shovelnose):
    • Located in the Spences Bridge gold belt, Southern British Columbia.
    • 2025 Preliminary Economic Assessment (PEA) highlights:
      • 11-year underground gold mining opportunity.
      • Average annual Life-of-Mine (LOM) production: 56,000 ounces of gold and 313,000 ounces of silver.
      • After-tax Net Present Value (NPV): $454 million (at a 6% discount rate).
      • Internal Rate of Return (IRR): 43.2%.
      • Base-case parameters: $2,400/oz Au, $28/oz Ag, and CAD/USD exchange rate of 0.72.
  • Company Profile: Westhaven controls approximately 60,263 hectares across four gold properties in the Spences Bridge gold belt.

Notable Quotes

  • Ken Armstrong, President and CEO: "With drilling under way, we have launched what we believe will be a transformational 2026 program at Shovelnose. The drilling is designed to advance the project's high-margin, low-cost development potential while targeting additional gold and silver discoveries across the property."
  • Ken Armstrong, President and CEO: "This represents the most extensive drilling campaign ever undertaken at Shovelnose."
Read the original news release →

More from Westhaven Gold Corp.

Oct 28, 2026 · 07:00

Westhaven infill drilling confirms South Zone grades, with scale and the pre-feasibility study remaining the primary catalysts for the project.

Drill Results 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