Business
Headwater Gold Commences Drilling on the Midas North Project, Nevada
(TheNewswire) Vancouver, British Columbia - TheNewswire - August 22, 20...
About this update from Headwater Gold, Inc.
[{"type":"text","content":"Headwater Gold Commences Drilling on 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 August 22,\n2023 -\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 an approximate 3,500\nmetre (“m”) maiden drill program on its Midas North project,\nNevada.  Drilling is fully funded by Newcrest Mining Limited\n(“Newcrest”) (ASX, TSX, PNGX: NCM) pursuant to the option and\nearn-in agreement (the “Earn-In Agreement”) announced on August\n16, 2022.\n \n \n \n \n Highlights:\n \n \n \n \n \n \n Approximately 3,500 m of initial drilling is planned,\nutilizing a combination of reverse circulation (“RC”) and diamond\ncore drilling;\n \n \n \n \n \n \n The Midas North project hosts a large, un-drilled\nepithermal alteration cell in the northern Midas District,\napproximately 13 km north of Hecla Mining Company’s (“Hecla”,\nNYSE: HL) past-producing Midas Mine;\n \n \n \n \n \n \n The goal of the program is to drill multiple structural\ntargets at depth in the inferred epithermal boiling zone and test for\nthe presence of high-grade gold and silver mineralization;\nand,\n \n \n \n \n \n \n Midas North represents the fourth drill program of 2023\nacross the Headwater portfolio.  More information on the other drill\nprograms is available\n \n \n \n \n here.\n \n \n \n \n \n \n \n \n Midas North: ~3,500 metres (this release)\n \n \n \n \n \n \n Spring Peak: ~11,500 metres (in progress)\n \n \n \n \n \n \n Katey: ~3,500 metres (in progress)\n \n \n \n \n \n \n Mahogany: ~1,500 metres (assays pending)\n \n \n \n \n \n \n \n \n Caleb Stroup, the President and CEO of the Company,\nstates:\n \n \n “This maiden Midas\nNorth drill program presents Headwater shareholders with a rare\nopportunity to be the first to explore the northern extension of the\nfamous high-grade Midas District, which hosts multiple past producing\ngold and silver veins immediately to the south.  Our team is\nconfident that the Midas North project has the potential to yield a\nne...