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Headwater Gold Commences Drilling at Lodestar Project, Nevada
Vancouver, British Columbia - TheNewswire - October 14, 2025: Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the "Company" or "Headwater") is pleased to announc
About this update from Headwater Gold, Inc.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - October 14, 2025: Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the \"Company\" or \"Headwater\") is pleased to announce the commencement of drilling on the Lodestar project, located in the Walker Lane mineral belt of western Nevada. The program will total up to 3,500 metres of combined core and reverse circulation (“RC”) drilling, fully funded through an earn-in agreement with Newmont Corporation (“Newmont”) (NYSE: NEM, ASX: NEM, PNGX: NEM) announced on May 9, 2023. Highlights: Up to 3,500 metres of core and RC drilling: Program to consist of 10 to 15 holes testing multiple gold targets on the Lodestar property. Fully Funded Program:The planned drill program is fully funded through a US$2M minimum expenditure commitment by Newmont. Priority focus on the Zodiac sinter ridge target: First systematic test of epithermal vein targets at depths greater than 100 metres below silica sinter and adjacent intensely altered breccias at the Zodiac target. Additional drilling to target major structures concealed under thin volcanic cover: Structural targets supported by a combination of CSAMT resistivity, induced polarization and detailed gravity will be tested with RC scout drilling. Caleb Stroup, President and CEO of the Company, states: “The start of drilling at Lodestar marks an exciting step for Headwater. The initial focus of this much anticipated program will be the Zodiac sinter target, where the geology and geophysics point to a well-preserved epithermal system with significant discovery potential. The program is designed to test both the structural feeders beneath the sinter and a series of geophysical anomalies elsewhere on the property for high-grade epithermal veins at depth. The endowment of the greater Aurora district, together with the intensity and character of the surface alteration at Lodestar, give our geologists a high degree of optimism as we kick this drilling off. With strong support in place from our funding partner, we are well positioned to advance Lodestar aggressively and test multiple high-priority targets in one of Nevada’s most prospective gold districts.” Figure 1: Map of the Headwater Spring Peak and Lodestar land positions within the Aurora trend showing area of the Spring Peak 2024 drill program. [1]Vikre and others (2015); [...