Caleb Stroup, President and CEO of Headwater Gold (CSE:HWG – OTCQB:HWAUF), joins us to provide an overview of recent project acquisitions and drill results, all in Nevada. As a hybrid prospect generator/explorer, Headwater is advancing projects both independently and through earn-in partner Newmont.
Here are the highlights:
🔹 Spring Peak & Lodestar Projects (Newmont Earn-In):
Newmont continues to fund aggressive drilling at the Spring Peak project, where 2024 drilling expanded known zones and discovered new ones, including a high-grade intercept of 3.5 g/t Au over 7.7 meters. The focus for 2025 will shift toward Lodestar, with a $2M minimum spend by Newmont.
🔹 Permitting and Scale:
Headwater is pursuing a significant expansion of its permitted drill area at Spring Peak, aligned with a strategy to demonstrate district-scale gold potential, rather than rush into early resource delineation.
🔹 New Projects: Whiskey and Jake Creek
- Whiskey Project: Acquired 100% via lease-option, this epithermal gold project in Mineral County has returned rock chip samples up to 19.2 g/t gold. Initial surveys and historic drilling support strong potential across multiple targets.
- Jake Creek Project: Adjacent to Barrick-Newmont’s Turquoise Ridge, this project hosts 47m of ~1 g/t Au from historic drilling and shows signs of a preserved epithermal system. Headwater holds 100% ownership.
🔹 Strong Financial Position & Partnering Outlook:
With ~$2.5-3M in cash and increasing interest from majors, Headwater is positioned to fund internally-led programs and negotiate additional partnerships.
Please email your questions for Caleb to us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Headwater Gold website to read over the recent news.