Vancouver, British Columbia - Westward Gold Inc. (CSE: WG, OTCQB: WGLIF, FSE: IM50) ('Westward' or the 'Company') is pleased to announce that drilling is underway at its flagship Toiyabe Hills Property in Lander County, Nevada ('Toiyabe Hills', or the 'Property').
Over the next several months, Westward will be testing its Campfire Target Complex ('Campfire') for the first time, with approximately 5,000 metres (16,500 feet) of reverse-circulation ('RC') drilling across this top-priority zone within the 61 square-kilometre consolidated Property. The Company's chosen drilling contractor National EWP, Inc. ('National') has upgraded Westward's rig to an EDM95K - capable of reaching greater depths, track-mounted for better manoeuverability, and very familiar to the Company's technical team.
Colin Moore, President & CEO, commented: 'This is a very exciting time in our Company's evolution, and the reason why we're in this business - to capitalize on patient, systematic targeting with an opportunity to make a game-changing discovery. I'd like to thank all the shareholders who have funded this endeavour, and our technical team for their continued execution. Greenfield exploration is always a challenging venture, but we believe our diligence will be rewarded and the future is bright at Toiyabe Hills.'
Steven Koehler, Technical Advisor, added: 'Having walked over and mapped countless acres of exploration ground across Nevada over the last 30 years, I'm acutely aware of the key ingredients which pique the interest of economic geologists and tilt the risk / reward calculus in our favour. Thru-going high-angle structures, igneous dikes, evidence of compressional events, hydrothermal alteration, outcropping carbonate rocks - these are the hallmarks of potential fertile gold environments. One or two of these may make a target, but seeing all of them in one place is exceptional; this is why the Campfire Complex currently has our undivided attention.'
About Westward Gold
Westward Gold is a mineral exploration company focused on developing the Toiyabe Hills Project located in the Cortez Hills area of Lander County, Nevada, and the Coyote and Rossi Projects located along the Carlin Trend in Elko County, Nevada. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.
Contact:
Andrew Nelson
Tel: +1 (604) 828-7027
Email: andrew@westwardgold.com
Web: www.westwardgold.com
This news release contains or incorporates by reference 'forward-looking statements' and 'forward-looking information' as defined under applicable Canadian securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes, or developments that the Company expects to occur are, or may be deemed, to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as 'expect', 'believe', 'anticipate', 'intend', 'estimate', 'potential', 'on track', 'forecast', 'budget', 'target', 'outlook', 'continue', 'plan' or variations of such words and phrases and similar expressions or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved or the negative connotation of such terms.
Such statements include, but may not be limited to, information as to strategy, plans or future financial or operating performance, such as the Company's expansion plans, project timelines, expected drilling targets, and other statements that express management's expectations or estimates of future plans and performance.
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons, availability of equipment (including drills) and personnel to carry out work programs, that each stage of work will be completed within expected time frames, that current geological models and interpretations prove correct, the results of ongoing work programs may lead to a change of exploration priorities, and the efforts and abilities of the senior management team. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. These and other factors may cause the Company to change its exploration and work programs, not proceed with work programs, or change the timing or order of planned work programs. Additional risk factors and details with respect to risk factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release are set out in the Company's latest management discussion and analysis under 'Risks and Uncertainties', which is available under the Company's SEDAR+ profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations, and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.
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