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Westhaven Returns 54m Grading 8.99 g/t Au & 55 g/t Ag from Resource In-Fill Drilling and Initiates South Zone Pre-Feasibility Study, Shovelnose Gold and Silver Project, Southern British Columbia
VANCOUVER, British Columbia, May 07, 2026 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V: WHN) ...
About this update from Westhaven Gold Corp
[{"type":"text","content":"Westhaven Returns 54m Grading 8.99 g/t Au & 55 g/t Ag from Resource In-Fill Drilling and Initiates South Zone Pre-Feasibility Study, Shovelnose Gold and Silver Project, Southern British Columbia\nVANCOUVER, British Columbia, May 07, 2026 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V: WHN) (OTCQB: WTHVF) (“Westhaven” or the “Company”) is pleased to provide an update on its 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. This work is being funded under a strategic earn-in agreement with Dundee Corporation (“Dundee”), 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 and Pre-Feasibility work at Shovelnose. 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. Ken Armstrong, President and CEO of Westhaven, commented...