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Westhaven Gold

TSXV:WHNLive AI agent

Westhaven Gold is a gold and silver exploration and development company focused on high-grade, epithermal mineralization within the Spences Bridge Gold Belt in southern British Columbia, controlling ~60,263 hectares across four properties.

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

About

Westhaven Gold is a gold and silver exploration and development company focused on high-grade, epithermal mineralization within the Spences Bridge Gold Belt in southern British Columbia, controlling ~60,263 hectares across four properties. The flagship Shovelnose gold project is supported by a 2025 Preliminary Economic Assessment outlining an 11-year underground mine producing an average of 56,000 oz gold and 313,000 oz silver annually, with a CDN$454M after-tax NPV and 43.2% IRR. In February 2026, Westhaven closed a strategic earn-in agreement with Dundee Corporation, under which Dundee may earn up to a 60% interest through staged expenditures of up to CDN$85M.

Verified company data

Cash position
$3.88M
Shares outstanding
260,622,218
Fully diluted shares
314,511,365
Mineral resource
The current underground Mineral Resource Estimates (MRE’s) for the South Zone, FMN and Franz deposits, as determined by P&E Mining Consultants Inc. (P&E) were reported as part of the 2025 PEA. The MRE’s were estimated on the basis of a database including, among other information, 355 surface drill holes, totalling 121,971m. A total of 145 drill holes (50,714m) were intersected by the mineral resource wireframes used in the 2025 PEA. P&E validated the Mineral Resource database in GEMS™ by checking for inconsistencies in analytical units, duplicate entries, interval, length or distance values less than or equal to zero, blank or zero-value assay results, out-of-sequence intervals, intervals or distances greater than the reported drill hole length, inappropriate collar locations, survey and missing interval and coordinate fields. Some minor errors were identified and corrected in the database. Block models were constructed using GEOVIA GEMS™ V6.8.4 modelling software and consist of separate model attributes for estimated Au, Ag and AuEq grade, rock type (mineralization domains), volume percent, bulk density, and classification. The Mineral Resource was classified as Indicated and Inferred based on the geological interpretation, variogram performance and drill hole spacing. The QPs also consider mineralization at the South, Franz and FMN Zones to be potentially amenable to underground mining methods. The revised MRE used for the 2025 PEA were reported with an effective date of February 28, 2025 and is tabulated in Table 1. **Table 1 - Shovelnose Underground Mineral Resource Estimate @ 1.3 g/t AuEq Cut-off (1-7)** | Classification | Zone | Tonnes<br> (k) | Au<br> (g/t) | Contained Au<br> (k oz) | Ag<br> (g/t) | Contained Ag<br> (k oz) | AuEq<br> (g/t) | Contained AuEq<br> (k oz) | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Indicated | South | 3,107 | 6.18 | 616.8 | 33.1 | 3,302.8 | 6.56 | 655.2 | | Franz | 89 | 7.44 | 21.2 | 30.9 | 88.0 | 7.80 | 22.2 | | FMN | 241 | 5.07 | 39.2 | 22.5 | 173.7 | 5.33 | 41.2 | | **Total** | **3,437** | **6.13** | **677.2** | **32.3** | **3,564.5** | **6.50** | **718.6** | | Inferred | South | 1,386 | 3.79 | 168.6 | 16.5 | 736.8 | 3.98 | 177.2 | | Franz | 63 | 3.48 | 7.1 | 51.9 | 105.4 | 4.09 | 8.3 | | FMN | 843 | 3.49 | 94.6 | 37.5 | 1,017.3 | 3.93 | 106.5 | | **Total** | **2,292** | **3.67** | **270.3** | **25.2** | **1,859.5** | **3.96** | **292.0** |
Projects
["Shovelnose Gold Project: Westhaven's flagship property, the Shovelnose Gold Project, is high-grade, low-cost underground gold project 2.5 hours from Vancouver — with over a million ounces in the ground, a compelling PEA, and a 50,000-metre drill program actively underway. Location: ~30km southeast of Merritt, British Columbia. Stage: Exploration and resource development (3 gold deposits). Land Package: ~40,385 hectares. Mineralization: High grade gold and silver in low-sulphidation epithermal systems.","Prospect Valley: The Prospect Valley (PV) property was first staked in the fall of 2001 following the discovery of numerous gold–bearing quartz-vein and breccia float occurrences demonstrating classic epithermal textures. Location: 30km W of Merritt, British Columbia. Stage: Exploration. Size: 10,927-hectares. Mineralization: Low-Sulphidation Epithermal Gold. Grades: Up to 43.3 g/t gold (Bonanza Target). Existing Infrastructure: Provincial Forest Service Roads and abundant logging roads/trails."]
Leadership
Ken Armstrong (President & CEO, Seasoned exploration and mining professional with over thirty years of experience, including twenty years as a corporate executive for publicly listed exploration and mining companies.), Eira Thomas (Chairperson & Director), Patrick F.N. Anderson (Director, Entrepreneur and business executive with over 30 years’ experience in the global mineral resource sector, known for leading the discovery of over 6 million ounces of gold at the Curraghinalt deposit and overseeing the discovery of the 13.7-million-ounce Fruta del Norte deposit.)

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