US Federal Government Selects Headwater Gold's Spring Peak Project for FAST-41 Permitting Track

Core Insights - Headwater Gold Inc. has announced that its Spring Peak project has been included in the FAST-41 program, which aims to streamline federal permitting for mining projects, enhancing transparency and efficiency in the review process [1][3][7] - The exploration program at Spring Peak is funded by Newmont Corporation, which may earn a 65% interest in the project by investing US$40 million over 36 months [1][4] Company Overview - Headwater Gold Inc. is focused on exploring high-grade precious metal deposits in the Western USA, with a portfolio of epithermal vein exploration projects [5] - The company has strategic partnerships with Newmont and OceanaGold Corporation, enhancing its exploration capabilities [5] Project Details - The Spring Peak project is located in the Walker Lane belt of Nevada, adjacent to Hecla Mining Company's past-producing Aurora mine, and includes existing infrastructure such as a 600 ton per day mill [4] - The Burnt Rock Plan of Operations proposes the construction of up to 266 drill sites and 29 miles of new access roads, along with a comprehensive reclamation plan [3][4]