Business
Headwater Gold Commissions Airborne Hyperspectral, Magnetic, and Radiometric Surveys at Midas North and Spring Peak Projects, Nevada
Vancouver, British Columbia - TheNewswire - April 21, 2022 - Headwater Gold Inc. (CNSX:HWG.CN) (OTC:HWAUF) (the "Company" or "Headwater") is pleased to announce
About this update from Headwater Gold, Inc.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - April 21, 2022 - Headwater Gold Inc. (CNSX:HWG.CN) (OTC:HWAUF) (the \"Company\" or \"Headwater\") is pleased to announce it has engaged service providers to perform a helicopter aeromagnetic and radiometric survey at Midas North, as well as fixed-wing hyperspectral imagery surveys covering both the Midas North and Spring Peak Projects. Highlights: Aeromagnetic, radiometric and hyperspectral surveys are well established techniques for mapping and vectoring within epithermal alteration cells in order to rapidly and cost-effectively identify and prioritize drill targets; Radiometric Survey: designed to identify and map zones of elevated adularia within the broad sinter and water-table silica cap at Midas North. Adularia is a mineral commonly associated with epithermal vein mineralization; High-Resolution Aeromagnetic Survey: expected to aid in the delineation of favourable structural controls below the extensive silica cap at Midas North by identifying potential zones of alteration; and High-Resolution Hyperspectral Survey: designed to identify and map specific clay alteration minerals known to be associated with structures prospective for high-grade gold mineralization in analogous deposits, including the Midas and Aurora mines which adjoin Headwater’s Midas North and Spring Peak Projects, respectively. Caleb Stroup, Headwater’s President and CEO, states: “We are very excited to kick off our 2022 exploration campaign with these surveys, which are high-value add components of our modern, geoscience-driven exploration strategy, targeting high-grade epithermal veins immediately adjacent to large, past producing high-grade epithermal districts. The data collected in these surveys should greatly assist with the definition of priority targets for a maiden drill program at Midas North, and for prioritizing offset drilling at Spring Peak to follow-up on our 2021 discovery hole (SP21-03) which intersected 38.1 metres of 1.00 g/t Au1 at the interpreted top of the bonanza gold zone. About the Midas North Project Headwater’s Midas North Project adjoins Hecla Mining Company’s (NYSE: HL) Midas Mine complex and covers a large hydrothermal alteration cell, extending at least 4 kilometres in strike and 1 kilometre in width, which is interpreted by Headwater geol...