Westhaven Gold Launches Summer Drilling at Shovelnose Project

Westhaven Ventures ( (TSE:WHN) ) has shared an announcement.

Westhaven Gold Corp. has commenced a summer drilling program at its Shovelnose gold project in Southern British Columbia, planning to drill approximately 5,000 meters to identify new areas of low sulphidation epithermal gold mineralization. This initiative aims to complement existing deposits and enhance the project’s potential, following a recent preliminary economic assessment that highlighted the project’s viability as a high-grade, high-margin underground mining opportunity.

Spark’s Take on TSE:WHN Stock

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

Westhaven Ventures faces significant financial obstacles with no revenue and increasing losses affecting its financial health. While technical indicators show a neutral outlook, the company’s unattractive valuation further impacts its score. The promising preliminary economic assessment of the Shovelnose Project offers some positive potential but carries uncertainty. Overall, the stock’s performance is hindered by financial and valuation challenges.

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

More about Westhaven Ventures

Westhaven Gold Corp. is a gold-focused exploration and development company targeting low sulphidation, high-grade, epithermal style gold mineralization within the Spences Bridge Gold Belt in southern British Columbia. The company controls approximately 61,512 hectares across four gold properties in this underexplored belt, with the Shovelnose Gold project being the most advanced. The Shovelnose project has a potential for a robust, low cost, and high margin underground gold mining opportunity, validated by a 2025 Preliminary Economic Assessment.

Average Trading Volume: 199,420

Technical Sentiment Signal: Sell

Current Market Cap: C$34.8M

Find detailed analytics on WHN stock on TipRanks’ Stock Analysis page.