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Westward Gold Closes Acquisition of Carlin Trend Claims
Vancouver, British Columbia – TheNewswire - January 18, 2023 – Westward Gold Inc. (CSE:WG), (OTC:WGLIF), (FSE:IM50) (“Westward” or the “Company”) is pleased to
About this update from Westward Gold Inc
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - January 18, 2023 – Westward Gold Inc. (CSE:WG), (OTC:WGLIF), (FSE:IM50) (“Westward” or the “Company”) is pleased to report that the Company has closed its previously-announced acquisition (the “Acquisition”) of the Coyote and Rossi Claim Blocks, located along the Carlin Trend in Elko County, Nevada (each, the “Coyote Claims” and “Rossi Claims”; collectively, the “Carlin Claims”) (see press release dated October 11, 2022). The Acquisition was effected via a claims acquisition agreement with Fremont Gold Ltd. and its Nevada-based subsidiary, Intermont Exploration Corp. (collectively, “Fremont”). Upon closing, ownership of the Carlin Claims was transferred to one of Westward’s wholly-owned Nevada-based subsidiaries, Golden Oasis Exploration. Figure 1: Location of Carlin Claims & Major Neighbouring Gold Deposits Carlin Claims - Overview The Carlin Claims consist of 111 unpatented mining claims (Coyote Claims – 99; Rossi Claims – 12) administered by the Bureau of Land Management (“BLM”), covering an area of ~9 km2 at the northern end of the prolific Carlin Trend. The Carlin Claims are located approximately 6 km north of Nevada Gold Mines’ (“NGM”) South Arturo Mine, and 10 km northwest of their Goldstrike Mine; the southern boundary of the Rossi Claims borders land currently owned by NGM. The Carlin Trend is a ~90 km-long gold belt that has been continuously and successfully explored and mined over the last 60 years. Today, the area is dominated by NGM, the joint venture between top global gold producers Barrick Gold and Newmont Corporation. Westward’s flagship property, Toiyabe, is also directly adjacent to a significant land package held by NGM. Dave Browning, Westward’s Vice President of Exploration, noted: “We’re seeing more and more historically-underexplored properties (due largely to the lack of traditional host rocks at surface) realize their potential, and these new claim blocks have all the makings of an extension of the mineralized corridor along the Carlin Trend. The low-cost, systematic field work planned for our new land package – Anaconda-style geological mapping, outcrop sampling, hyperspectral and geophysical surveys – will greatly improve targeting and demonstrate the value of Coyote and Rossi. These claims strategically complement our flagship land package on the Corte...