Business
Westward Gold Announces Expansion of Toiyabe Hills Property Footprint
Vancouver, British Columbia, January 15, 2025 – TheNewswire – Westward Gold Inc. (CSE: WG, OTCQB: WGLIF, FSE: IM50) (“Westward” or the “Company”) is pleased to
About this update from Westward Gold Inc
[{"type":"text","content":"Vancouver, British Columbia, January 15, 2025 – TheNewswire – Westward Gold Inc. (CSE: WG, OTCQB: WGLIF, FSE: IM50) (“Westward” or the “Company”) is pleased to announce that it has increased the size of its flagship Toiyabe Hills Property in Lander County, Nevada (“Toiyabe Hills”) through the direct staking of an additional 72 unpatented mining claims. The Company now controls over 60 square kilometres of fully-contiguous exploration ground along the Cortez Trend, and has increased the Toiyabe Hills footprint by 347% since entering the district and embarking on a land-consolidation strategy in 2021 (see Figure 1 below). Figure 1: Evolution of Westward’s Toiyabe Hills Property Colin Moore, President & CEO, noted: “As evidenced by Westward’s track record over its relatively short history, we are aggressive when it comes to seizing cost-effective opportunities to grow our land position in the Toiyabe District. This latest expansion comes on the heels of our 2024 field campaign, which identified several new zones of interest through large-scale, multi-disciplinary programs. Our team remains highly attuned to developments in the area, and we were able to act quickly with boots on the ground when the land became available for staking.” The 72 unpatented mining claims – staked by the Company in late 2024 – are administered by the U.S. Bureau of Land Management (“BLM”) and are not subject to any royalties or other payment obligations, with the exception of annual fees due to the BLM and Lander County. Technical considerations driving the decision to expand the Toiyabe Hills footprint in this southwest quadrant included the following: (i) increasing the Company’s coverage of the exposed lower-plate carbonate window in the district, (ii) capturing the continuation of important structures including dike-filled fault corridors, and (iii) acquiring ground proximal to known Carlin-suite geochemical anomalies. Figure 2: Simplified Regional Geology, Toiyabe District Surface expressions of favourable lower-plate carbonate rocks along the major Nevada gold trends are highly sought after for gold exploration. At Toiyabe Hills, the Wenban Formation has been identified as an important portion of the lower-plate stratigraphy – and is a known gold host at major producing mines in the surrounding area. Moving eastwards from the carbonate window at ...