Business
Headwater Gold Announces Additional High-Grade Assays from Spring Peak, Nevada Including a New High-Grade Vein Discovery
(TheNewswire) Vancouver, B C - TheNewswire - March 2, 2023 - Headwa...
About this update from Headwater Gold, Inc.
[{"type":"text","content":"Headwater Gold Announces Additional High-Grade Assays from Spring Peak, Nevada Including a New High-Grade Vein Discovery\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 Vancouver, B\n \n \n C - TheNewswire -\n \n \n March 2, 2023\n-\n \n \n Headwater Gold Inc.\n \n \n (CSE:HWG) (OTC:HWAUF)\n \n \n (the\n\"Company\" or \"Headwater\") is\n \n \n pleased to announce the remainder of the assay results from\nthe Spring Peak exploration drilling program completed by the Company\nin Q4 2022.\n \n \n \n \n Highlights:\n \n \n \n \n \n \n Ten holes were completed in multiple target areas.\n Four of the ten holes intercepted epithermal veins containing\nindividual assays greater than 15 grams per tonne gold (“g/t Au”).\n Seven of the ten holes intercepted intervals greater than 1 g/t Au.\n \n \n \n \n \n \n Drilling at the Disco Zone has confirmed the presence\nof multiple high-grade epithermal veins within a broader mineralized\nenvelope. Mineralization remains open at depth and along\nstrike;\n \n \n \n \n \n \n Drill hole SP22-11 intercepted 43.7 g/t Au over 0.63\nmetres (“m”) within a broader interval of 40.63 m grading 1.86 g/t\nAu;\n \n \n \n \n \n \n Drill hole SP22-12 intercepted 23.5 g/t Au over 0.33 m\nwithin a broader interval of 42.61 m grading 0.94 g/t Au;\n \n \n \n \n \n \n Drill hole SP22-13 (previously announced) intercepted\n34.72 m grading 2.73 g/t Au, including 15.92 g/t Au over 2.38 m and\n10.43 g/t Au over 2.01 m.\n \n \n \n \n \n \n \n \n A new high-grade epithermal vein has been discovered\nlocated approximately 900 m west of the Disco Zone in the Opal Ridge\ntarget area.  Reverse circulation (“RC”) scout hole SP22-14\nintercepted 16.4 g/t Au over 1.52 m within a broader interval of 10.67\nm grading 2.73 g/t Au;\n \n \n \n \n \n \n A large multi-rig drill program at Spring Peak is\ncurrently being designed and expected to begin in Q2 of 2023.  This\nprogram will include drilling the Disco Zone along strike and down dip\nas well as following up on the Opal Ridge discovery with oriented\ndrill core; and,\n \n \n \n \n \n \n Additional claim staking has also been completed\nresulting in an approximately 30% increase in the Spring Peak project\nland position, covering seve...