Business
Headwater Gold Announces Drilling Plans for the Midas North Project, Nevada
(TheNewswire) Vancouver, British Columbia – TheNewswire - April ...
About this update from Headwater Gold, Inc.
[{"type":"text","content":"Headwater Gold Announces Drilling Plans for the Midas North 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 \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n April 20, 2023:\n \n \n Headwater Gold Inc. (CSE:HWG) (OTC:HWAUF) (the\n\"Company\" or \"Headwater\") is\n \n \n pleased to announce it has finalized drilling plans for the\nmaiden drill program at the Midas North project, located directly\nnorth and adjacent to the historic high-grade Midas gold-silver mine\nnow owned by Hecla Mining Company (“Hecla”).  Headwater’s\nmaiden Midas North exploration drill program is fully funded by\nNewcrest Mining Limited (“Newcrest”), pursuant to the option and\nearn-in agreement announced on August 16, 2022.\n \n \n \n \n Highlights:\n \n \n \n \n \n \n Multiple priority drill targets have been identified\nwithin the multi-kilometre epithermal alteration footprint at Midas\nNorth;\n \n \n \n \n \n \n Drill plans have been finalized with Newcrest for a\ntwo-rig maiden drill program projected to consist of up to an initial\n3,000 metres;\n \n \n \n \n \n \n Drill permits have been received and drilling is\ncurrently scheduled to commence in early June 2023;\n \n \n \n \n \n \n Recent geologic mapping and hyperspectral alteration\nmapping, combined with previously announced geophysics, have\nfacilitated detailed targeting of potential mineralized feeder\nstructures at depth;\n \n \n \n \n \n \n Headwater’s drill program will represent the\nfirst-ever modern exploration drilling within the Midas North land\nposition; and,\n \n \n \n \n \n \n In addition to Midas North, Headwater is finalizing\nplans for drill programs for the Spring Peak, Katey, and Mahogany\nprojects.  In total, the Company is expecting 5 to 6 drill rigs to be\nin operation across the Headwater portfolio during the summer drill\nseason.\n \n \n \n \n \n \n Caleb Stroup, the President and CEO of the Company,\nstates:\n \n \n “We are extremely\nexcited about the upcoming drilling at Midas North which is located in\na highly prospective region of Nevada that has a proven history of\nhigh-grade epithermal gold discoveries.  Our team is confident that\nthe Midas North project has the potential to yie...