Dundee Corporation reported new assay results from the ongoing 35,000-metre resource infill drilling program at Westhaven Gold Corp.’s Shovelnose gold and silver project in southern British Columbia, highlighted by an intersection of 37.34 metres grading 6.24 g/t gold and 55 g/t silver in hole SNR26-110.

The drilling program, currently supported by four drill rigs, has completed 85 holes totaling 26,581 metres, representing approximately three-quarters of the planned program metreage. Hole SNR26-110 was drilled in the southeastern part of the South Zone deposit, while hole SNR26-117 returned 10.04 metres grading 12.18 g/t gold and 103 g/t silver from below the known mineralization. Reported intervals represent downhole intersections, with true widths estimated at approximately 70% to 80% of the reported lengths.

“These are exceptional results and among the most encouraging we have seen from the program to date,” said Jonathan Goodman, President and CEO of Dundee Corporation. “We continue to intersect high-grade gold and silver mineralization while extending the known mineralized envelope of the deposit. Particularly exciting is the continuity of mineralization through the drill program, including high-grade intercepts encountered at depth and along the margins of the system. Results such as these continue to build our confidence in the scale and strength of the mineralized system at Shovelnose and reinforce our enthusiasm for the ongoing drill campaign.”

Under a strategic earn-in agreement finalized on December 19, 2025, Dundee obtained the right to acquire up to a 60% interest in four Spences Bridge Gold Belt properties through CDN$85 million in staged expenditures, which includes a minimum CDN$30 million commitment for a fully funded 50,000-metre drill program at Shovelnose. Field activities across the broader property are expected to continue through mid-December.

Data from the ongoing infill program are being compiled to support an updated mineral resource estimate and a Pre-Feasibility Study for the South Zone deposit, with both milestones targeted for completion in the second half of 2027. Elsewhere in the surrounding district, Getty Copper Inc. reported drill results from the Getty North deposit highlighting an intersection of 194 metres grading 0.62% copper and 0.9 g/t silver in August 2026.

Read the full announcement: Dundee Highlights High-Grade Drill Results Extending Known Mineralization and Reinforcing Growth Potential at Shovelnose South Zone