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Dundee Corporation Announces Commencement of Airborne Geophysical Surveys at Westhaven's Shovelnose Gold and Silver Project, Southern British Columbia
TORONTO, May 13, 2026 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (“Dundee”...
About this update from Dundee Corporation Class A
[{"type":"text","content":"Dundee Corporation Announces Commencement of Airborne Geophysical Surveys at Westhaven’s Shovelnose Gold and Silver Project, Southern British Columbia\nTORONTO, May 13, 2026 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (“Dundee” or the “Corporation”) is pleased to announce that Precision GeoSurveys Inc. (“Precision”), based in Langley British Columbia, has commenced helicopter-borne high-resolution magnetic, radiometric and VLF-EM surveys at Westhaven’s Shovelnose Gold and Silver Property located in the Spences Bridge Gold Belt, southern British Columbia. On February 23, 2026, the Corporation completed a strategic earn-in agreement with Westhaven, whereby Dundee may earn up to a 60% interest in Westhaven's four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged project expenditures. Under the first phase, Dundee has committed a minimum of CDN$30,000,000, inclusive of a fully funded 50,000m drill program at Shovelnose, which is funding the activities outlined in this news release and is expected to continue through the remainder of 2026. The airborne geophysical surveys are part of an integrated 2026 exploration program at Shovelnose and will collect approximately 3,800-line km of data over mineral claims that were acquired by Westhaven in 2024. The core of the Shovelnose property, including the South Zone, FMN and Franz gold deposits, was previously flown by Precision in 2018, using magnetic/radiometric technology and specifications equivalent to the current survey. Data from the original survey work has been instrumental in understanding the geology, interpreting structures and assisting in exploration targeting. The new survey data will be integrated with the earlier survey information, as well as results from property wide geochemical sampling programs completed over the last three years, which suggest potential for additional occurrences of low-sulphidation epithermal systems within the expanded project area, including silicified and clay altered volcanic rocks located approximately 15km southeast of the South Zone, where float, subcrop and outcrop rock grab samples collected in 2025 returned positive results. Data collection is expected to be completed by the end of May, with final data processing and reporting to follow by mid-summer, in ...