Westhaven Gold Corp.(TSXV:WHN)

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
$1.5M*
Shares outstanding
259,796,718
Fully diluted shares
314,886,365
Mineral resource
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).
Projects
["Westhaven Gold Corp. (TSX-V: WHN) (OTCQB: WTHVF) is pleased to announce that Precision GeoSurveys Inc. 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, 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). 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."]
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.), Eira Thomas (Chairperson)

Verified data last updated: 2026-07-03

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