Westhaven Gold Corp. completed a 117-hole resource infill drilling program at the South Zone of its Shovelnose gold and silver project in British Columbia, revealing high-grade mineralization including 23m grading 6.69 g/t Au and 42 g/t Ag. Exploration continues with six drills supporting pre-feasibility study work targeted for late 2027. The company also raised over CAD 3.1 million from warrant exercises and is funded through a strategic earn-in deal with Dundee Corporation, which may earn up to 60% interest by investing up to CAD 85 million. These results support an updated mineral resource estimate and ongoing mine planning, highlighting Shovelnose's potential as a high-margin underground gold project.
Westhaven Gold Corp's recent high-grade drilling results provide context for the Basic Materials sector's performance on Pluang. As of Oct 28, 2026 17:12 WIB, 26 of 83 priced Basic Materials-sector US stocks rose while 50 fell. Notable movers include Gold Fields Limited at USD 35.21 with a 1-day change of -1.46% and Pluang order activity of 36% Sell / 64% Buy, and Sibanye Stillwater Ltd at USD 9.29 with a 1-day change of -1.43% and 98% Sell order activity.
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