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Westhaven Bolsters Leadership and Expands Drilling at Shovelnose Gold Project

Story Highlights
  • Westhaven has hired senior leaders for Indigenous relations and permitting to strengthen community engagement and regulatory expertise at its Shovelnose gold project.
  • The company is accelerating a $20 million, 50,000-metre 2026 drill program at Shovelnose, adding a second rig and planning up to four drills to expand and de-risk the deposit.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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Westhaven Ventures ( (TSE:WHN) ) just unveiled an update.

Westhaven Gold Corp., a Vancouver-based explorer and developer targeting high-grade epithermal gold and silver in British Columbia’s Spences Bridge Gold Belt, controls four properties totaling about 60,263 hectares, led by its advanced Shovelnose project, which has been outlined as a potentially robust, low-cost 11-year underground mining operation. The company is positioning Shovelnose as its flagship asset within this underexplored belt.

The company has appointed Allison Rippin Armstrong as Vice President, Indigenous and Community Relations, and Pamela O’Hara as Vice President, Permitting and Government Affairs, strengthening its capacity in regulatory, sustainability and community engagement as it advances Shovelnose. Westhaven also confirmed the on-schedule mobilization of a second drill for its $20 million, 50,000-metre 2026 drill program at Shovelnose, which focuses on resource expansion and infill drilling at the South Zone and is expected to ramp up to four drills by June, underscoring an aggressive push to de-risk and grow the project.

The most recent analyst rating on (TSE:WHN) stock is a Hold with a C$0.24 price target. To see the full list of analyst forecasts on Westhaven Ventures stock, see the TSE:WHN Stock Forecast page.

Spark’s Take on TSE:WHN Stock

According to Spark, TipRanks’ AI Analyst, TSE:WHN is a Neutral.

The score is held back primarily by weak operating fundamentals (no revenue, ongoing losses, and negative free cash flow). Offsetting this are a strong low-debt balance sheet, improving near-term technical momentum, and constructive corporate events—most notably the Dundee earn-in and financing support that can fund project advancement.

To see Spark’s full report on TSE:WHN stock, click here.

More about Westhaven Ventures

Westhaven Gold Corp. is a Vancouver-based exploration and development company focused on low-sulphidation, high-grade epithermal gold and silver deposits in the Spences Bridge Gold Belt in southern British Columbia. The company controls approximately 60,263 hectares across four gold properties in this underexplored region, with its Shovelnose gold project as the most advanced asset, supported by a recent preliminary economic assessment outlining an 11-year underground mine with low costs and high margins.

Average Trading Volume: 551,149

Technical Sentiment Signal: Buy

Current Market Cap: C$80.31M

See more data about WHN stock on TipRanks’ Stock Analysis page.

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