Business
Headwater Gold Commences Drilling at Spring Peak Project, Nevada
(TheNewswire) Vancouver, British Columbia - TheNewswire - July 13, 2023...
About this update from Headwater Gold, Inc.
[{"type":"text","content":"Headwater Gold Commences Drilling at 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 \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n July 13, 2023\n-\n \n \n Headwater Gold Inc.\n \n \n (CSE:HWG) (OTC:HWAUF)\n \n \n (the \"\n \n \n Company\n \n \n \" or \"\n \n \n Headwater\n \n \n \") is\n \n \n pleased to announce the commencement of drilling\nat the Spring Peak project in Nevada.  The program is designed to\nfollow-up on Headwater’s 2022 drill results which discovered\nhigh-grade epithermal veins in two distinct target areas (see\nHeadwater news release dated March 2, 2023).\n \n \n \n \n Highlights:\n \n \n \n \n \n \n Spring Peak is located in the Walker Lane belt of\nNevada, immediately south of Hecla Mining Company’s\n \n \n \n (NYSE:\nHL) past producing Aurora Mine\n \n \n \n \n \n \n \n Up to approximately 11,500 m of drilling is currently\nplanned, utilizing three drill rigs and a combination of reverse\ncirculation (“RC”) and core drilling;\n \n \n \n \n \n \n The drill program is currently fully funded by a\nsubsidiary of Newcrest Mining Limited (“Newcrest”) (ASX, TSX,\nPNGX: NCM) pursuant to the option and earn-in transaction announced\nAugust 16, 2022; and\n \n \n \n \n \n \n The goals of the drill program are to:\n \n \n \n \n \n \n Offset high-grade epithermal veins discovered in\nHeadwater’s 2022 drilling at the Disco Zone which intercepted\n \n \n 34.72 m grading 2.73 grams per tonne gold\n(“g/t Au”), including 15.92 g/t Au over 2.38 m and 10.43 g/t Au\nover 2.01 m\n \n \n (see Headwater New Release dated\nJanuary 9, 2023);\n \n \n \n \n \n \n Systematically test an approximately 500 m strike\nsegment of the Disco Zone;\n \n \n \n \n \n \n Follow-up drilling at the newly discovered Opal Ridge\nZone below shallow high-grade mineralization encountered in RC drill\nhole SP22-14 (see Headwater New Release dated March 2, 2023);\nand,\n \n \n \n \n \n \n Test multiple new high-priority target areas with RC\nscout drill holes.\n \n \n \n \n \n \n \n \n Caleb Stroup, the President and CEO of the Company,\nstates:\n \n \n “In a busy year of\ndrilling for Headwater, the Spring Peak drill program stands out as an\nextremely...