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Westhaven Reports New High-Grade South Zone Results Including 23m Grading 6.69 g/t Au and 42 g/t Ag and Advances Exploration and Pre-Feasibility Programs, Shovelnose Project, Southern British Columbia

WTHVF
  • Westhaven Gold Corp. completed a 117-hole (37,242m) resource infill drilling program at the South Zone deposit on the Shovelnose property in British Columbia.
  • Exploration drilling is scheduled to continue through mid-December 2026 with six drills operating to support geotechnical, hydrogeological, & exploration programs ahead of the South Zone pre-feasibility study.
  • The South Zone pre-feasibility study is targeted for completion in the second half of 2027.
  • Key infill drill results include SNR26-149 returning 23.00m grading 6.69 g/t Au & 42 g/t Ag, & SNR26-125 returning 5.53m grading 16.51 g/t Au & 134 g/t Ag.
  • Approximately 10,000m of exploration, hydrogeological, & geotechnical drilling has been completed, including 5,008m from 10 exploration holes testing areas below & north of the South Zone.
  • Technical drilling programs remain on track for completion in Q4 2026.
  • The Company realized CDN$3,122,366 in gross proceeds from exercising 14,770,114 warrants.
  • Dundee Corporation is funding the 2026 work programs under a strategic earn-in agreement, with a committed minimum of CDN$30,000,000 to potentially earn a 60% interest in Westhaven's four Spences Bridge Gold Belt properties.
  • An updated Mineral Resource Estimate for the South Zone is underway to support the PFS mine planning.
  • Assay results demonstrate strong continuity of mineralization across Vein Zones 1, 2, & 3 within structurally controlled quartz veins.
  • All samples were processed at ALS facilities in Kamloops & North Vancouver using ISO/IEC 17025 accredited methods, including fire assay & ICP-MS with rigorous QA/QC protocols.
  • Westhaven controls ~60,263 hectares across four properties in the Spences Bridge Gold Belt.
  • A 2025 Preliminary Economic Assessment validated the Shovelnose project as a potential 11-year underground mine with an average annual production of 56,000 ounces of gold & 313,000 ounces of silver.