Business
Westward Gold Provides Update on Drilling at Toiyabe, with First Assays Pending
Vancouver, BC - TheNewswire - April 12, 2023 - Westward Gold Inc. (CSE:WG) (OTC:WGLIF) (FSE:IM50) (“Westward” or the “Company”) is pleased to provide an update
About this update from Westward Gold Inc
[{"type":"text","content":"Vancouver, BC - TheNewswire - April 12, 2023 - Westward Gold Inc. (CSE:WG) (OTC:WGLIF) (FSE:IM50) (“Westward” or the “Company”) is pleased to provide an update on diamond drilling currently underway at the Company’s Toiyabe Gold Project in Lander County, Nevada (“Toiyabe”), pursuant to Westward’s previously-announced private placement and strategic transaction with EMX Royalty Corporation (“EMX”) (see press releases dated February 15th and 23rd, 2023 for additional information). Drill hole T2301 has reached its initial planned total depth (“TD”) of 500 meters (~1640 feet), and the decision has been made to continue drilling deeper. The first 245 meters (800 feet) of core have now been cut and shipped to Bureau Veritas’ (“BV”) lab in Elko, NV, and deliveries will continue on a regular basis over the coming weeks. BV has communicated to the Company that the expected lab turnaround time will be approximately 3 weeks. Colin Moore, Westward’s President & CEO, commented: “We’d like to thank leadership at EMX and their drilling subsidiary Scout Drilling LLC for what has been a truly collaborative effort to date. This included acquiring the additional rods necessary to allow drilling to reach a greater depth than originally planned, based on feedback from our technical team.” At this time, the Company is pleased to provide additional technical information and visual results from T2301 thus far. Westward stresses that the core images disclosed herein are for context only, as examples of the geologic findings described in this news release; the Company is not making any inferences as to the potential gold mineralization of these select intervals, nor should any such inferences be made by investors in the absence of full assay results which are expected before the end of the second quarter of 2023. T2301 was designed to accomplish three primary goals: Follow up and verify historical, near-surface gold assays (including 10.7m of 2.47 g Au/t from 7.6 to 18.3m, and 15.2m of 0.80 g Au/t from 22.9 to 38.1m)(1) and geology in reverse-circulation (“RC”) drill hole T802 Confirm favourable lower plate carbonate stratigraphy downdip to the northeast, in a zone that has never been explored at depth, and Test for continuity of the SSD Zone target where a northeast-trending structure (the “Diamond Fault”) and a syncline (the&...