Categories: Precious Metals
Topics: Gold Stocks

Headwater Gold (CSE: HWG)(OTC: HWAUF) CEO Caleb Stroup on Commencement of Centerra-Funded Drilling at Crane Creek Project, Idaho

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president and CEO of the very busy Headwater Gold (CSE: HWG)(OTC: HWAUF), Mr. Caleb Stroup. Caleb, great to have you on. Look, I know it's the summer doldrums. I know it seems like it's quiet. I'm actually of the contrarian opinion that we're going to have a heck of a second half of the year. The precious metals are showing some life and you got a whole heck of a lot of exploration that's being funded by world-class partners. Amongst them, you just announced the commencement of the Centerra funded drilling at the Crane Creek Project in Idaho. I would love a bit of context on the program.

Caleb Stroup: Yeah, no, it's certainly not slow down here. We were kicking off a number of different initiatives and now have three different drill rigs operating on our portfolio of projects, which is just fantastic. The latest one is this program that kicked off at Crane Creek run by Centerra Gold in Idaho and it's a pretty exciting one. I don't know if you and I have talked about this project in specific perhaps other than when we announced the deal with Centerra, but it's a very interesting epithermal system along the Snake River Plain in Idaho. There's some historic drilling... We found some fairly interesting zones of epithermal gold mineralization, roughly 60 meters of 1, 1.2 gram per tonne type gold, but has not really seen any work in the last 30 years. And our concept there is that we think there's great potential to be able to chase that historic mineralization both down dip and along strike and be able to grow this system into something truly interesting. So this is now underway and we're very interested to see it play out.

Gerardo Del Real: Well, look, it's another potential catalyst in a second half that's filled with them. Can you go over some of the other catalysts that obviously are going to continue to materialize here over the next several months?

Caleb Stroup: Yeah. So a lot of drilling. I mentioned a couple other drill rigs running in the portfolio. There's a core rig and an RC rig right now running at our Jake Creek project funded by OceanaGold in Northern Nevada. So that program has been running for a couple of weeks, and is again, a very interesting program, in part, following up some historic mineralization that was encountered and some drill holes targeting a totally different type of system and the epithermal potential has not been followed up. So we're very aggressively drilling that now with Oceana. We've been really busy on the project generation side and drill targeting side of our other existing projects in the portfolio, including several of the other partnered projects with Oceana and Newmont and are looking to tee up additional drill programs on some of those. So there is never a dull moment out here and we're looking forward to a very busy drill season from really now through the end of the year.

Gerardo Del Real: Well, you've done a brilliant job executing on setting deals up that allow you the shots on goal to make a significant discovery that rerates the company shares, right? I got to believe that behind the scenes, you're probably still busy looking at other things and then having dialogue with potential major partners.

Caleb Stroup: Yeah, no, for sure. The markets have been a little bit quiet, but the producers are still making a lot of money and they're increasingly aggressive, from my viewpoint, and we're seeing people get interested, in large part, in the Western US and especially Nevada. So we'll see where this all goes, but I think it's a great time to be a well-funded executing project generator junior explorer.

Gerardo Del Real: Yep. Couldn't agree more. I know we'll see you down at the Rule Symposium in Florida next week. Have a great 4th of July weekend. Looking forward to catching up here in the coming days. Thanks again, Caleb.

Caleb Stroup: Yeah, we'll see you in Boca.

Gerardo Del Real: All right. Cheers.

Caleb Stroup: All right, thanks.

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