Headwater Gold Intercepts 3.55 g/t Au over 7.62 m in New Target Area at Spring Peak Project, Nevada

Core Insights - Headwater Gold Inc. announced successful results from its 2024 drill program at the Spring Peak project, significantly expanding high-grade mineralization and identifying new target zones for future drilling [1][2][3] Drilling Program Overview - The 2024 drill program involved 6,205 meters of drilling across 18 holes, focusing on new target areas and extensions of known mineralization along the Bear Fault corridor [3][4] - The program successfully confirmed high-grade gold in the new Shadow target and extended mineralization in the Southpaw target, indicating a strike extent of over one kilometer in the Bear Fault corridor [2][3][4] Key Target Areas - Shadow Target: Drill hole SP24-57 intersected 7.62 meters grading 3.55 g/t Au and 4.57 meters grading 3.16 g/t Au, including 1.52 meters at 7.67 g/t Au beneath a mercury-in-soil anomaly [4][6] - Southpaw Target: Drill holes SP24-52 and SP24-53 returned 4.75 g/t Au over 1.52 meters and 3.23 g/t Au over 1.52 meters, respectively, indicating strong mineralization in a significant step-out from the Disco Zone [4][10] - Opal Ridge: Anomalous gold was encountered in two drill holes, expanding the footprint of gold mineralization in the area [4][13] Mineralization Insights - The Bear Fault corridor, controlled by Headwater, has a strike extent of 15 kilometers, with drilling to date testing less than 1.5 kilometers, confirming high-grade mineralization and potential for parallel structures [4][10] - The presence of antimony and mercury associated with gold mineralization at depth serves as a critical tool for ongoing exploration efforts [6][10] Future Plans - The company plans to finalize the next phase of drilling to further explore and expand the high-grade mineralization footprint identified in the 2024 program [2][3]