Business
Headwater Gold Completes First-Pass Drilling On Katey Gold Project
Vancouver, British Columbia - TheNewswire - December 9, 2021 - Headwater Gold Inc. (CNSX:HWG.CN) (OTC:HWAUF) (the "Company" or "Headwater") is pleased to announ
About this update from Headwater Gold, Inc.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - December 9, 2021 - Headwater Gold Inc. (CNSX:HWG.CN) (OTC:HWAUF) (the \"Company\" or \"Headwater\") is pleased to announce the successful completion of the first-pass core drill program on its 100% owned Katey gold project located in southeast Oregon, United States. Highlights: Headwater’s initial drill program at Katey consisted of two scout diamond core drill holes totaling 537 metres; Drilling targeted epithermal mineralization in structural feeder zones immediately below gold intercepted in shallow historic drilling at two separate target areas; and Both holes encountered strong alteration zones characteristic of a high-level epithermal system, including broad intervals of epithermal veining, silicification, and hydrothermal breccias associated with rhyolitic dikes. Figure 1: Core photographs of representative epithermal textures encountered in the drilling A) Silicified and hematite-altered breccia in KT21-01; B) Dark gray chalcedonic silica-flooded breccia in rhyolite from KT21-01; C) Strongly silicified rhyolite dike with disseminated sulfides, cross-cut by hematitic fractures in KT21-02; and D) Strongly silicified and oxidized breccia within rhyolite dike swarm in KT21-01. Core is HQ size, and each row is approximately 60 cm in length. Caleb Stroup, Headwater’s President and CEO, states: “The completion of the Katey drill program marks the conclusion of a very successful 2021 drill season, where Headwater has drilled four projects within approximately six months. With winter weather beginning to affect productivity and drill costs, the decision was made to limit the program to the two highest priority drill targets on the Property. The geology encountered in the initial drill core from Katey demonstrates that the shallow mineralization encountered in historic drilling is part of a much larger alteration cell that appears to be driven by highly altered rhyolite feeder dikes at depth in both the East Zone and West Zone. Without assays it is difficult to determine the significance of individual drill intercepts, but the width and intensity of favorable alteration beneath shallow historical drill intercepts indicates that both areas represent high-priority exploration targets with great potential. Figure 2: Location map of Headwater projects in the region in...