Categories: Precious Metals
Topics: Gold Stocks

Cashing-in on Gold’s Bull Run in 2023

Hybrid prospect generator Headwater Gold Inc. (CSE: HWG)(OTC: HWAUF) — currently trading around C$0.42 per share in a rising gold market — is focused on the exploration and discovery of high-grade precious metals deposits primarily in Nevada and along the Oregon-Idaho border. 

The company’s co-flagship is a group of four early-stage gold exploration projects wherein Newcrest Mining Ltd. has the option to earn-in up to a 75% interest by spending an aggregate of US$145 million and completing certain milestones. 

The second co-flagship is the 100%-owned Katey gold exploration project right along the Oregon-Idaho border. The Headwater team has defined multiple high-priority drill targets to extend high-grade mineralization encountered in previous drilling at Katey, which produced a highlight intercept of 6.34 grams per tonne gold (g/t Au) over 14.5 meters, including 30.73 g/t Au over 1.95 meters. 

The property map below shows the location of the four earn-in projects with Newcrest Mining (Agate Point, Midas North, and Spring Peak in NV and Mahogany along the OR-ID border), as well as the company’s six 100%-owned projects: Dome Hill and Long Valley in NV and Katey, Crane Creek, Matador, and Opaline Gulch along the OR-ID border.

There are a lot of near-term catalysts lining up for Headwater Gold in the coming months and quarters as the team anticipates having a total of five drill rigs combined going at the Newcrest earn-in properties and at its 100%-owned projects. 

As you’re about to discover, Headwater has already hit significant gold grades at the Spring Peak project (Newcrest earn-in) highlighted by 1.0 g/t Au over 38 meters, including 9.2 meters of 2.49 g/t Au. 

Headwater Gold CEO Caleb Stroup — whom you’re about to hear from directly in our exclusive interview coming right up — commented via press release: 

“We are very pleased to get off to such an aggressive start on the Newcrest earn-in projects. High-quality geoscience and fast-paced exploration have been the core of Headwater’s exploration strategy since the Company’s inception. Our partnership with Newcrest allows us to take this approach to the next level. As the operator of the exploration programs, we are confident in our ability to advance these projects rapidly and efficiently.”

Additionally, at the 100%-owned Katey gold project, the Headwater team is vectoring in on what it believes is a potential high-grade epithermal feeder system that has never been systematically explored or drill tested. 

And did we mention that gold is currently closing in on all-time highs above US$2,025 an ounce! This could be the start of something very, very special in the gold space. 

As promised, our own Gerardo Del Real of Junior Resource Monthly took the opportunity to sit down with Headwater Gold CEO Caleb Stroup to go over the hybrid prospect generator model the company is deploying to a “T” in the western United States. Please enjoy! 

For additional information on Vancouver-based Headwater Gold, be sure to call Brennan Zerb at the company’s IR department at 778-867-5016 or via email at bzerb@headwatergold.com.

Mike Fagan
Editor, Resource Stock Digest