Business
Westward Gold Announces Expansion of Nevada Land Package
Vancouver, British Columbia – TheNewswire - December 21, 2021 – Westward Gold Inc. (CSE:WG) (CNSX:WG.CN) (FSE:IM50) (“Westward” or the “Company”) is pleased to
About this update from Westward Gold Inc
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - December 21, 2021 – Westward Gold Inc. (CSE:WG) (CNSX:WG.CN) (FSE:IM50) (“Westward” or the “Company”) is pleased to announce that it has expanded its fully-contiguous land package in Nevada, through the staking of an additional 101 unpatented mining claims (the “New Claims”). The New Claims are adjacent to, and immediate south of, the Company’s Toiyabe Gold Project and Turquoise Canyon Project (“Toiyabe” and “Turquoise Canyon”, respectively). The combined landholdings of Westward along the Battle Mountain – Eureka Trend now total approximately 3,830 hectares, representing an increase of ~27%. The New Claims are divided into two separate blocks: (i) 83 claims to be added to Toiyabe (the “Toiyabe Expansion”), and (ii) the remaining 18 claims to form their own claim block (the “Westward Claims”). Further information related to the separation of the two blocks is detailed in the section below titled “Toiyabe Option Amendment”. Figure 1: Westward’s New Consolidated Nevada Properties The property package is located in one of the most prolific gold mining districts in the state, and sits a short distance away from major deposits and operating mines, including Pipeline, Cortez Hills, and Goldrush. With the addition of the New Claims, the Company also now borders the past-producing Toiyabe-Saddle Mine (controlled by Barrick Gold) to the east and north. In the immediate area, Westward is now a significant landholder, as seen in Figure 2 below. Land Expansion: Strategic Rationale The addition of the New Claims was identified as a strategic priority by the Company’s Technical Advisory Committee, and was based on: Takeaways from the ongoing review of new and historical technical information related to the nature of the mineralizing structures and geological features in the area Recommendations following a multi-day site visit conducted in October of 2021 by Dave Browning (VP Exploration), David Kelley (Board Member), Steven Koehler (Technical Advisor), and Richard Bedell (Technical Advisor) Active monitoring of land status / claim availability in the vicinity of Toiyabe and Turquoise Canyon The area of expansion includes lower plate carbonate rocks, thrust faults and high-angle normal faults that are present at Toiyabe, and in the adjacent Toiyabe – Saddle Mine open pits (see Figu...