GlobeNewswire·May 13, 2026, 7:00 AM ET

Westhaven Commences Airborne Geophysical Surveys at Its Shovelnose Gold and Silver Project, Southern British Columbia

Westhaven Gold Corp. announced that Precision GeoSurveys Inc. has commenced helicopter-borne high-resolution magnetic, radiometric, & VLF-EM surveys at the Shovelnose Gold & Silver Property in southern British Columbia.
The surveys are funded under a strategic earn-in agreement with Dundee Corporation, allowing Dundee to earn up to a 60% interest through up to CDN$85,000,000 in staged expenditures.
Dundee has committed a minimum of CDN$30,000,000 for the first phase, which includes the current geophysical surveys, a 50,000m drill program, & Pre-Feasibility work currently underway.
The 2026 exploration program will collect approximately 3,800-line km of data over mineral claims acquired in 2024, integrating new data with 2018 surveys & geochemical sampling results.
Geochemical sampling from 2025 in areas 15km southeast of the South Zone returned gold grades up to 2.45 g/t Au & silver up to 96.2 g/t Ag, indicating potential for low-sulphidation epithermal systems.
Data collection is scheduled for completion by the end of May 2026, with final processing & reporting expected by mid-summer to guide drilling later in the year.
Westhaven controls ~60,263 hectares across four properties in the Spences Bridge Gold Belt, with the Shovelnose project validated by a 2025 Preliminary Economic Assessment showing a 43.2% IRR & a CDN$454 million NPV.