Workflow
FAST - 41 program
icon
Search documents
US Federal Government Selects Headwater Gold’s Spring Peak Project for FAST-41 Permitting Track
Globenewswire· 2025-10-20 10:30
Core Insights - Headwater Gold Inc. has announced that its Spring Peak project has been selected for the FAST-41 program, which aims to streamline the permitting process for mining projects in the United States [1][2] - 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][3] Project Details - The Burnt Rock Plan of Operations at Spring Peak is located in the Aurora mining district of Nevada and proposes to increase exploration activities, including the construction of up to 266 drill sites and 29 miles of new access roads [2][6] - The Spring Peak project is situated in the Walker Lane belt and is adjacent to Hecla Mining Company's past-producing Aurora mine, which has existing infrastructure [3][4] - Drilling at the Disco Zone has confirmed high-grade gold mineralization, with notable intersections such as 15.92 g/t Au over 2.38 m [3][4] Company Overview - Headwater Gold Inc. is focused on exploring for high-grade precious metal deposits in the Western USA and has a portfolio of epithermal vein exploration projects [4] - The company has strategic earn-in agreements with Newmont and OceanaGold Corporation, enhancing its exploration capabilities [4]
US Federal Government Selects Headwater Gold's Spring Peak Project for FAST-41 Permitting Track
Thenewswire· 2025-10-20 10:30
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]