Business
Headwater Gold Announces Additional High-Grade Gold Drill Results from the Spring Peak Project, Nevada
(TheNewswire) Vancouver, British Columbia - TheNewswire - February 13, 2024: He...
About this update from Headwater Gold, Inc.
[{"type":"text","content":"Headwater Gold Announces Additional High-Grade Gold Drill Results from the Spring Peak Project, 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 Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n February 13, 2024:\n \n \n Headwater Gold Inc. (CSE:HWG) (OTC:HWAUF) (the\n\"Company\" or \"Headwater\") is\n \n \n pleased\n \n \n to\n \n \n announce final assay results from its 2023 Spring Peak\ndrilling program.\n \n \n Drilling at Spring Peak was\nfully funded\n \n \n by a subsidiary of Newmont\nCorporation (“Newmont”)\n \n \n (NYSE:\nNEM\n \n \n , TSX: NGT, ASX: NEM, PNGX: NEM\n \n \n )\n \n \n pursuant to the earn-in agreements\nannounced on August 16, 2022.\n \n \n \n \n Highlights:\n \n \n \n \n \n \n Drilling at the Disco Zone has identified high-grade\ngold mineralization along the 400 metre (‘m”) drilled strike\nextent of the zone with multiple intercepts in excess of 10 grams per\ntonne gold (“g/t Au”).  Mineralization remains open to the\nnortheast, southwest, at depth and up-dip toward surface;\n \n \n \n \n \n \n \n \n Drill hole SP23-32 intercepted 39.81 m grading 1.93 g/t\nAu including 4.60 g/t Au over 11.43 m and drill hole SP23-31\nintercepted 40.08 m grading 1.51 g/t Au including 4.55 g/t Au over\n9.76 m;\n \n \n \n \n \n \n Step-out drill hole SP23-37 completed on the Pioneer\ntarget area approximately 400 m to the northeast along strike of the\nmain Disco Zone intersected four assay intervals grading over 1 g/t Au\nwithin a 59-m-wide structural zone that hosts widespread low-grade\ngold and elevated pathfinder element mineralization;\n \n \n \n \n \n \n New surface sampling from the Pioneer target area has\nreturned gold values up to 3.61 g/t Au in epithermal vein grab\nsamples, prioritizing this area for future follow up;\n \n \n \n \n \n \n All drill holes from the 2023 program are now reported;\nand\n \n \n \n \n \n \n Discussions with earn-in partner Newmont are ongoing to\nfinalize the 2024 work program for Spring Peak.\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 announce the final assays from our 2023 exploration program\nat Spring Peak.  This project continues to deliver positive results\nand furt...