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Headwater Gold Commences Drilling Its 100% Owned Mahogany Gold Project
VANCOUVER, British Columbia, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the "Company" or "Headwater") is pleased to announ
About this update from Headwater Gold, Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the \"Company\" or \"Headwater\") is pleased to announce a first-pass diamond core drill program has commenced on its 100% owned Mahogany Project located in southeast Oregon. The Headwater drill program is designed to target an approximately 500-metre long segment of the Main Ridge Fault zone which exhibits the most intense silicification and epithermal quartz veining at the surface on the property, including rock grab samples which have returned gold values up to 170 grams per tonne. Four initial drill holes will target this structure to depths up to approximately 225 metres below the surface. Highlights: Mahogany is located approximately 20 km northwest of Integra Resources’ DeLamar deposit* in southeastern Oregon; Headwater is targeting high-grade epithermal vein mineralization at depths which were not tested by limited shallow historic drilling; and Very strong gold values in Headwater rock grab samples (up to 170.00 g/t Au) in a high-level epithermal environment. About the Mahogany 2021 Drill Program The Mahogany Project is located in Southeastern Oregon, 20 km northwest of Integra Resources’ DeLamar deposit*. Using a variety of geological and geophysical targeting tools, Headwater geologists have identified a high-level epithermal system with high-grade gold at the surface up to 170.0 g/t Au (from rock grab samples). Limited historic drilling hit multiple zones of anomalous gold mineralization within 100 metres of surface (e.g. MH88-36-01 returned 10.7 metres grading 0.73 g/t Au starting at 53.4 metres) but failed to test the vein target at depth. The highest priority targets will be tested with the Headwater program, which is planned to consist of an initial four holes. Drilling will focus on a 500-metre segment of the Main Ridge Fault Zone which Headwater Geologists interpret as a principal feeder to the alteration cell manifest at surface. Drilling is planned to reach vertical depths of 100-225 metres, targeting high-grade precious metals in the inferred epithermal boiling zone. No historic drilling has penetrated to these depths at Mahogany. About Headwater Gold Headwater Gold Inc. is a technically-driven mineral exploration company focused on exploring for high-grade precious metal deposits in the Western USA...