Business
Westward Gold Provides Corporate & Technical Update
Vancouver, British Columbia - TheNewswire - September 7, 2023 - Westward Gold Inc. (CSE:WG) (OTC:WGLIF) (FSE:IM50) (“Westward” or the “Company”) is pleased to p
About this update from Westward Gold Inc
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - September 7, 2023 - Westward Gold Inc. (CSE:WG) (OTC:WGLIF) (FSE:IM50) (“Westward” or the “Company”) is pleased to provide investors with a corporate and technical update detailing planned activities in support of the advancement of its gold exploration properties in Nevada in the coming months. Corporate Update Westward would like to thank shareholders who participated in its recent non-brokered private placement (see press release dated August 1, 2023) and continue to support the Company despite a difficult capital markets environment. The Company is currently planning several cost-effective programs in order to maximize the remainder of the 2023 field season, detailed in the paragraphs that follow. Westward is also advancing discussions on a variety of strategic alternatives, including potential M&A and other corporate and/or asset-level transactions. Colin Moore, President and CEO, commented: “While the current market climate is certainly challenging, it also has the potential to present opportunities. We will remain pragmatic in our approach to capital allocation and corporate strategy, and we believe that by continuing to advance our property portfolio – while exploring creative corporate-level transactions – we can deliver long-term value to our investors.” Diamond Drillhole T2301: Immediate Follow-Up In the spring of 2023, the Company successfully completed one of the deepest drillholes ever seen on its flagship Toiyabe Gold Project in Lander County, Nevada (“Toiyabe”). T2301, a vertical HQ-sized core hole, reached a total depth (“TD”) of 612 meters (2,008 feet) (see press release dated May 23, 2023, for detailed results including QA/QC and data verification disclosure). Steve Koehler, a member of Westward’s Technical Advisory Committee and expert in the discovery and development of Carlin-type gold deposits, recently visited the Company’s storage facility in Crescent Valley, Nevada, to conduct detailed core logging of T2301. These hand logs will compliment initial observations and digital logs / high-resolution images collected during the drilling campaign, and include: sample intervals; gold assays (in g Au/t); rock type and interpreted formation; a graphic log; structural measurements with respect to the core axis (bedding, faults, joints, veins, broken zones); fault zon...