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Westhaven Gold Corp.

TSXV:WHNLive AI agent

Westhaven is a gold and silver focused exploration and development company targeting low sulphidation, high-grade, epithermal style gold and silver mineralization within the Spences Bridge Gold Belt in southern British Columbia.

Investor website: https://www.westhavengold.com/

About

Westhaven is a gold and silver focused exploration and development company targeting low sulphidation, high-grade, epithermal style gold and silver mineralization within the Spences Bridge Gold Belt in southern British Columbia. Westhaven controls ~60,263 hectares within four gold properties spread along this underexplored belt. The Shovelnose gold project is the most advanced property, with a recently updated 2025 Preliminary Economic Assessment that validates the project’s potential as a robust, low-cost and high-margin 11-year underground gold mining opportunity with average annual life-of-mine production of 56,000 ounces gold and 313,000 ounces silver with a CDN$454 million after-tax net present value (at a 6% discount rate) and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of CDN$1.00=US$0.72).

Verified company data

Cash position
$3.37M*
Shares outstanding
260,622,218
Fully diluted shares
314,211,365
Mineral resource
The Shovelnose gold project is the most advanced property, with a 2025 updated Preliminary Economic Assessment that validates the project’s potential as a robust, low cost and high margin 11-year underground gold mining opportunity with average annual life-of-mine production of 56,000 ounces gold and 313,000 ounces silver with a CDN$454 million after-tax net present value (at a 6% discount rate) and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of CDN$1.00=US$0.72).
Projects
["Westhaven Commences Airborne Geophysical Surveys at its Shovelnose Gold and Silver Project, Southern British Columbia. May 13, 2026. Vancouver, B.C. – May 13, 2026 – Westhaven Gold Corp. (TSX-V: WHN) (OTCQB: WTHVF) (“Westhaven” or the “Company”) 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 the Company’s Shovelnose Gold and Silver Property located in the Spences Bridge Gold Belt, southern British Columbia. These surveys are 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 the geophysical surveys announced today as well as a fully funded 50,000m drill program and Pre-Feasibility work that are presently underway at Shovelnose. 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 from background levels up to 2.45 g/t Au (96.2 g/t Ag). Please see Westhaven’s news release dated January 26, 2026 for details. Data collection is expected to be completed by the end of May, with final data processing and reporting to follow by mid-summer, in time to help guide exploration drilling later this year.","Westhaven Launches 50,000m 2026 Drill Program at the Shovelnose Gold and Silver Project, Southern British Columbia. February 17, 2026. Vancouver, B.C. – February 17, 2026 – Westhaven Gold Corp. (TSX-V: WHN) (OTCQB: WTHVF) (“Westhaven” or the “Company”) is pleased to report the start of drilling at the Company's Shovelnose gold and silver Project in the Spences Bridge Gold Belt of southern British Columbia. Subject to the outcome of today’s special meeting of Westhaven shareholders to consider the proposed transaction with Dundee Corporation (TSX: DC.A) (“Dundee”), as previously described in the Company’s news release dated December 22, 2025, the drilling announced today is expected to be the start of an approximately CDN$20 million, 50,000 metre program of resource definition and exploration drilling planned for Shovelnose in 2026. Ken Armstrong, President and CEO of Westhaven, commented: “With drilling underway, we have launched what we believe will be a transformational 2026 program at Shovelnose. The drilling is designed to advance the project’s high-margin, low-cost development potential while targeting additional gold and silver discoveries across the property. In collaboration with Dundee, our team is currently finalizing the overall 2026 work plan, with the drill program alone expected to total approximately CDN$20 million and include up to four drill rigs completing 50,000 metres of drilling. This represents the most extensive drilling campaign ever undertaken at Shovelnose. Initial work will focus on resource infill drilling at the South Zone to strengthen and expand the existing resource base, with exploration drilling increasing as additional rigs are mobilized in the coming months. We look forward to delivering consistent results as the program advances and to further demonstrating the full potential of Shovelnose throughout 2026.","Westhaven Reports South Zone Resource Infill Drilling Continues to Confirm Continuity of High-Grade Gold and Silver Mineralization Including 27.51m Grading 14.47 g/t Au & 52 g/t Ag Shovelnose Gold Property, Southern British Columbia. July 28, 2026. 35,000m resource infill drilling is 66% complete with four active drills on the South Zone deposit. New highlight assays include: 27.51m grading 14.47 g/t Au and 52.3 g/t Ag; 30.76m grading 3.31 g/t Au and 21.3 g/t Ag; 0.52m grading 200 g/t Au and 141 g/t Ag; 16.80m grading 4.63 g/t Au and 19.6 g/t Ag; 11.65m grading 5.20 g/t Au and 15.9 g/t Ag. Vancouver, B.C. – July 28, 2026 – Westhaven Gold Corp. (TSX-V: WHN) (OTCQB: WTHVF) (FRA: 1W5) (“Westhaven” or the “Company”) is pleased to report the fourth batch of assay results from the ongoing 35,000m resource infill drilling program, presently supported by four drill rigs at the South Zone gold and silver deposit on the Shovelnose gold property in southern British Columbia. Ken Armstrong, President and CEO of Westhaven, commented: “Resource infill drilling of the South Zone deposit continues to return strong results, confirming the continuity of thick, high-grade gold and silver mineralization within both Vein Zone 1 and Vein Zone 2. Today’s results also include the highest gold assay (0.52 m grading 200 g/t gold and 141 g/t silver) returned to date from the program. Interestingly this interval is located at the northern extent of the planned drilling of the deposit, indicating that exceptional gold grades continue to the north of the presently defined resource into the Alpine target area. With four drills now focused on the infill program and a fifth drill conducting exploration drilling on near deposit targets, we continue to expect a steady flow of results over the next several months as we work in parallel on expanding known mineralization and generating potential resource growth across Shovelnose. Highlight results reported today include intersections of 16.80m grading 4.63 g/t Au and 19.6 g/t Ag and 27.51m grading 14.47 g/t Au and 52 g/t Ag from drill hole SNR26-99 and 30.76m grading 3.31 g/t Au and 21.3 g/t Ag from drill hole SNR26-114. Additionally, hole SNR26-113, testing the northern extent of the deposit returned a 0.52m section grading 200 g/t Au and 141 g/t Ag, representing the highest single assay reported to date from the infill program. The 2026 field program has also entered a new phase of potential discovery and resource growth with a fifth diamond drill actively testing exploration targets on Shovelnose as part of a 15,000m exploration drilling program expected to continue through mid-December. 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 resource infill and exploration drill program and ongoing pre-feasibility study (“PFS”) work at Shovelnose."]
Leadership
Ken Armstrong (President & CEO), Patrick F.N. Anderson (Independent Director, Entrepreneur and business executive with over 30 years’ experience in the global mineral resource sector. He has held key roles across gold, base metals, and diamond projects for junior explorers, major producers, and consulting firms in North and South America and Europe. His board experience includes companies listed on the TSX-V, TSX, and LSE-AIM exchanges.)

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