Home»News» Westhaven Gold Drilling Funded By $85 Million Deal with Dundee Corporation
Westhaven Gold Drilling Funded By $85 Million Deal with Dundee Corporation
Feb 25, 2026
$85M Earn-in Accelerates Next Phase At Shovelnose
Ken Armstrong, CEO of Westhaven discusses transformative deal
Westhaven Gold (TSX-V: WHN) (OTCQB: WTHVF) hit the ground running this year — transitioning from a discovery-stage junior to a fully funded development vehicle with an $85M earn-in from Dundee Corporation (TSX: DC.A), which earns a 60% interest in Westhaven’s four large British Columbia projects. The partnership combines Dundee’s financial strength and project expertise with Westhaven’s established exploration foundation to accelerate development of the Shovelnose project and district-scale discovery across the portfolio. Drilling is now underway on the company’s largest program ever — a planned 50,000m infill and exploration campaign. Stay tuned!
Watch this interview with the Gold Newsletter hosted by Kai Hoffman.
Westhaven Gold Corp. (TSX-V:WHN) (OTCQB: WTHVF) is advancing its flagship Shovelnose Gold Project in British Columbia, one of Canada’s most accessible high-grade gold discoveries with year-round road access and strong infrastructure advantages.
CEO Ken Armstrong joins Kai Hoffman of the Gold Newsletter to discuss the company’s recent transformation, including the strategic C$85 million investment from Dundee Corporation and the approval of key shareholder resolutions. The company is now fully funded to aggressively advance Shovelnose through expanded drilling, technical studies, and development planning.