Westhaven Gold Corp., an exploration company specializing in the development and exploration of gold properties, has recently reported significant progress on its Shovelnose gold-and-silver project located in southern British Columbia. The company, in collaboration with Dundee Corporation, has successfully completed approximately one-quarter of the planned in-fill drilling for the South Zone deposit. This progress is marked by assay results from 14 drill holes, which have confirmed high-grade, wide intercepts consistent with earlier expectations of mineral continuity.
The company’s 2026 drilling program has been expanded from two to four drills, ahead of schedule, with the objective of completing a comprehensive 35,000-metre in-fill program. This program is designed to feed into an updated resource estimate, which is a critical component for the project’s advancement. In addition to drilling, Westhaven Gold Corp. is concurrently conducting hydrogeological, geotechnical, and metallurgical studies. These studies are integral to supporting a pre-feasibility study, which is anticipated to be completed in the second half of 2027.
Westhaven Gold Corp. operates within the Spences Bridge Gold Belt in Canada and serves a global customer base. The company is listed on the TSX Venture Exchange, and further information can be accessed through its official website, www.westhavengold.com . As of the close of trading on May 7, 2026, the company’s share price stood at 0.31 CAD, with a market capitalization of 75,340,000 CAD. The company’s financial metrics include a 52-week high of 0.35 CAD on March 1, 2026, and a 52-week low of 0.115 CAD on May 22, 2025. The price-to-earnings ratio is currently at -29, reflecting the company’s status as an exploration entity with no earnings.
The Shovelnose project remains under a strategic earn-in agreement with Dundee Corporation. This agreement provides Dundee the opportunity to secure up to a 60% interest in Westhaven’s holdings within the Spences Bridge Gold Belt, contingent upon the fulfillment of specific milestones. This partnership underscores the strategic importance of the Shovelnose project within Westhaven Gold Corp.’s portfolio and its potential impact on the company’s future growth and development.
