Dundee Corporation reports additional high-grade infill results from the South Zone at its Shovelnose Gold Project, including 23 meters grading 6.69 g/t gold and 41.7 g/t silver. With the 117-hole resource infill program complete, six drills remain active on exploration, geotechnical and hydrogeological work supporting the South Zone pre-feasibility study, targeted for the second half of 2027. About 10,000 m of drilling has been completed to date, including 10 exploration holes totaling 5,008 m testing areas below and north of the deposit, with exploration drilling expected to continue to December 15, 2026. Under a strategic earn-in agreement with Westhaven, completed February 23, 2026, Dundee may earn up to a 60% interest in four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged expenditures, with a minimum CDN$30,000,000 committed in the first phase. CEO Jonathan Goodman described the period as a transition toward testing the broader exploration potential of the property.
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- Westhaven Reports New High-Grade South Zone Results Including 23m Grading 6.69 g/t Au and 42 g/t Ag and Advances Exploration and Pre-Feasibility Programs, Shovelnose Project, Southern British Columbia
Westhaven has completed a 117-hole (37,242 m) resource infill drilling program at the South Zone deposit on its Shovelnose property. Highlight drill hole SNR26-149 returned 23.00 m grading 6.69 g/t Au and 42 g/t Ag, and SNR26-125 returned 5.53 m grading 16.51 g/t Au and 134 g/t Ag; results from 19 more infill holes bring the reported total to 91. Exploration drilling continues through mid-December with six drills, while the South Zone pre-feasibility study is targeted for the second half of 2027 and an updated Mineral Resource Estimate is underway. The company realized gross proceeds of CDN$3,122,366 from exercising 14,770,114 warrants. The programs are funded under an earn-in agreement with Dundee, which may earn up to 60% in four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged expenditures.
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