Dundee Corporation Announces Results of Infill Drilling at Westhaven’s Shovelnose Gold and Silver Project, Southern British Columbia
Dundee Corporation (TSX: DC.A) said it is progressing with Westhaven Gold’s 2026 infill drilling at the Shovelnose gold and silver project in southern British Columbia. Under a deal allowing Dundee to earn up to 60% via up to C$85m spend, the first phase includes a minimum C$30m and a fully funded 50,000m drill program. Dundee reported 11,514m (40 holes) at South Zone (~33% of plan) and assay results from 10 new holes, totaling 24 holes (6,102m). Highlights include 33.0m at 14.0 g/t Au and 78 g/
How this was made
The 30-second read
Why it matters
The company frames the new infill drilling as reinforcing continuity/quality and building the technical foundation for subsequent joint-venture work and an updated MRE supporting a preliminary feasibility study.
Market read
New assay intercepts and confirmation of drilling progress can drive short-term sentiment for DC, but the major valuation step-up likely waits for the updated MRE/feasibility outputs.
What to watch
True widths are estimated at ~70–80% of reported intervals, and the key catalyst (updated MRE in H2 2027) is still pending.
Background
Dundee is progressing an earn-in agreement with Westhaven for up to a 60% interest in four Spences Bridge Gold Belt properties, with a funded 50,000m drill program at Shovelnose through 2026.
Ticker impact
Dundee reports assay results from 10 additional infill drill holes at the Shovelnose South Zone, supporting its earn-in progress with Westhaven.
Near-term upside bias for DC on exploration-result sentiment; magnitude likely limited without updated MRE/FS.
The release provides multiple high-grade Au/Ag intercepts and confirms drilling is on track toward an updated MRE in H2 2027, but it does not yet quantify resource expansion or economics.
Market effects
Reinforces investor appetite for Canadian gold/silver exploration stories tied to resource infill and feasibility pathways.
Highlights continued activity in southern British Columbia, supporting regional mining development sentiment.
Limited direct global linkage; primarily affects sentiment around the specific project and its sponsors.
Counterpoint
High-grade intercepts may not translate into higher contained ounces or improved economics until the updated MRE and preliminary feasibility study are released.
Key entities
- companyDundee Corporation
Announces additional assay results from South Zone infill drilling at the Shovelnose gold and silver project.
- companyWesthaven Gold Corp
Earn-in partner; Dundee’s drilling results are part of Westhaven’s 2026 exploration program at Shovelnose.
- assetShovelnose gold and silver project
Southern British Columbia project where South Zone infill drilling targets inclusion in an updated MRE for a preliminary feasibility study.
