Headwater Gold Inc. reports developments in its Western U.S. precious-metals exploration portfolio, with recurring updates on epithermal vein gold projects in Nevada, Idaho, and Oregon. Company news includes drilling programs and assay results at projects such as Spring Peak, Mahogany, Katey, Crane Creek, TJ, Jake Creek, and Hot Creek, as well as land-position changes and exploration permitting matters.
Headwater Gold news also covers definitive earn-in and option agreements with larger mining companies, including exploration funding arrangements, project operatorship, royalty provisions, and study-related milestones tied to its gold project portfolio.
Headwater Gold Inc. (CSE: HWG, OTCQB: HWAUF) announced significant results from its first-pass drill program at the Spring Peak Project in Nevada. Five reverse circulation drill holes were completed, revealing a new gold discovery in hole SP21-03, which intersected 38.1m grading 1.00 g/t Au, including 9.2m at 2.49 g/t Au. Four out of five holes showed promising gold mineralization starting at about 100m depth. The company expanded its land position, tripling the claim size and is planning follow-up drilling to further explore this promising area.
Headwater Gold has successfully completed its first-pass core drilling at the Mahogany gold project, totaling 810 meters across five diamond drill holes, which were finished on time and within budget. The drilling encountered epithermal quartz veins, with significant gold values reaching up to 170 grams per tonne. Following this project, drilling has started at the Katey gold project, located 30 km northwest of Mahogany, targeting high-grade gold mineralization.
Headwater Gold Inc. (OTCQB: HWAUF) has initiated a diamond core drilling program at its Mahogany Project in southeast Oregon. The program aims to investigate a 500-metre segment of the Main Ridge Fault zone, previously unexplored at depth, targeting high-grade epithermal vein mineralization. Surface rock samples have shown significant gold values, reaching up to 170 g/t. The initial four drill holes will reach depths of 100-225 metres, focusing on areas with the most intense silicification and quartz veining, with hopes of tapping into deeper mineralization.