Business
Headwater Gold Acquires the TJ Project in Elko County, Nevada
(TheNewswire) Vancouver, British Columbia - TheNewswire - October 3...
About this update from Headwater Gold, Inc.
[{"type":"text","content":"Headwater Gold Acquires the TJ Project in Elko County, Nevada\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n October 3,\n2023:\n \n \n Headwater Gold Inc. (CSE:HWG)\n(OTC:HWAUF) (the \"Company\" or \"Headwater\") is\n \n \n pleased to announce the acquisition of the TJ\nepithermal gold-silver project (the “Property”) located in Elko\nCounty, Nevada.\n \n \n \n \n Highlights:\n \n \n \n \n \n \n Headwater has acquired the TJ project in northern Elko\nCounty, Nevada, totaling 775 hectares, through claim staking and an\noption to acquire a 100% interest in pre-existing claims from a\nprivate party.\n \n \n \n \n \n \n The Property contains a thick accumulation of silica\nsinter and opaline silica with indications of multiple generations of\nhydrothermal brecciation and veining.\n \n \n \n \n \n \n Shallow historic drilling encountered intense\nsilicification with anomalous gold, silver, and epithermal pathfinder\nelement geochemistry.\n \n \n \n \n \n \n Multiple property-scale faults bisect the high-level\nepithermal alteration and present compelling targets with anomalous\ngold at surface and potential to host high-grade epithermal veins at\ndepth.\n \n \n \n \n \n \n A CSAMT geophysical survey, geologic mapping and soil\nsampling is planned to aid in refining high-priority drill\ntargets.\n \n \n \n \n \n \n Caleb Stroup, the President and CEO of the Company,\nstates:\n \n \n “We are very\nexcited to add the TJ project to our portfolio of high-quality\nepithermal vein targets in Nevada.  TJ meets all the criteria we look\nfor in a compelling exploration opportunity, including a fully\npreserved epithermal alteration cell capped by a silica sinter.  The\nTJ project has many geological similarities with Headwater’s Spring\nPeak and Midas North projects, which are being actively drilled by the\nCompany.  None of the shallow historic drill holes on the TJ property\npenetrated to the projected boiling zone where high-grade gold\nmineralization tends to form. The anomalous gold, silver, and\npathfinder element geochemistry in the historic dataset further\ndemonstrates the potential to host high-grade veins at depth.\n Targeting work is ...