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Dundee Corporation Announces Results of In-Fill Drilling at Westhaven's Shovelnose Gold and Silver Project, Southern British Columbia
TORONTO, May 07, 2026 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (“Dundee”...
About this update from Dundee Corporation Class A
[{"type":"text","content":"Dundee Corporation Announces Results of In-Fill Drilling at Westhaven’s Shovelnose Gold and Silver Project, Southern British Columbia\nTORONTO, May 07, 2026 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (“Dundee” or the “Corporation”) is pleased to provide an update on Westhaven Gold Corp’s (“Westhaven”) 2026 field activities at the Shovelnose gold and silver project (\"Shovelnose\"), in southern British Columbia, including initial mineral resource in-fill drilling results and the commencement of a Prefeasibility Study (\"PFS\") evaluating potential mine development at the South Zone deposit. 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.Key Highlights: 8,537m of drilling (32 drill holes) have been completed within the South Zone deposit, representing ~23% of the planned mineral resource drilling program.Assay results from 14 drill holes (3,500m; ~10% of planned in-fill drilling) have been received, with notable results including 54.0m grading 8.99 g/t Au and 55 g/t Ag (SNR26-070) and 42.0m grading 4.35 g/t Au and 41 g/t Ag (SNR26-63).The drill program is expected to increase from two to four drills by May 15, 2026, ahead of schedule.Initial drilling is focused on completing ~35,000m of mineral resource in-fill drilling at the South Zone deposit, targeting inclusion in an updated Mineral Resource Estimate (“MRE”) to support the PFS, with anticipated completion in H2 2027.The 2026 drilling program is also expected to include ~15,000m of exploration drilling and additional dedicated drilling for hydrogeological, geotechnical and metallurgical studies in support of the PFS.Environmental Assessment (“EA”) level environmental and socio-economic baseline programs are currently being developed, with implementation to follow in support of the PFS and future EA application. Jonathan Goodman,...