Mike Fagan,
Editor
June 3, 2025
Headwater Gold Inc. (CSE: HWG)(OTC: HWAUF) — currently trading around C$0.28 per share in a near record gold market — has announced the identification of outcropping high-grade epithermal veins at the Doug target, Spring Peak project, Nevada.
Exploration at Spring Peak is fully funded by Newmont Corp. (NYSE: NEM; ~60B market cap) under an existing earn-in agreement.
Headwater Gold (sub-C$20M market cap) is focused on the discovery of high-grade precious metals deposits in the Great Basin region of the mining friendly western United States via a large active portfolio of self-funded, 100%-owned projects, several of which are drill-ready, plus two earn-in agreements (Spring Peak; Lodestar) with Newmont.
The Doug target lies 9 km north of the Disco Zone discovery, along the same district-scale Bear Fault. This is the first time Headwater has found in-situ veins at surface in this northern window — and the samples back up the system:
Rock chip sampling highlights:
- 21.8 grams per tonne gold (g/t Au)
- 9.52 g/t Au
- 7.82 g/t Au
The characteristics of the vein system at Doug (Spring Peak) indicate a high-level position within an epithermal system, suggesting potential for a preserved high-grade vein target at depth; veining occurs within a small erosional window where prospective host rocks are exposed through thin post-mineral cover.
Headwater Gold CEO Caleb Stroup — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the newly discovered mineralization at Doug via press release:
“The newly identified outcropping epithermal quartz veins with high-grade gold values at the Doug target provide a compelling indication of the scale and preservation of the mineral system along the Bear Fault corridor within the expanded Spring Peak project.”
“This sampling marks the first confirmation of in-situ epithermal veins at the Doug target, following previously reported widespread mineralized vein float along the northern extension of the Bear Fault corridor. The Bear Fault corridor hosts our high-grade Disco Zone discovery and is interpreted as a district-scale structure that extends beneath cover for several kilometers before daylighting in a limited area at Doug.”
“The high-grade gold values sampled here reinforce our view that this corridor and the entire area between the Aurora and Borealis mines, has the potential to host multiple significant mineralized zones. Headwater now controls over 12 km of strike extent in this well renowned epithermal district and looks forward to advancing these targets along with our partner Newmont to further uncover the full potential of the Spring Peak project.”
As noted, the Doug target lies along the Bear Fault, a district-scale structure believed to control gold mineralization at Spring Peak/Lodestar.
The same fault hosts the Disco Zone to the south where previous drilling by Headwater returned 2.73 g/t Au over 34.72 meters, including 15.92 g/t Au over 2.38 meters.
The Bear Fault remains untested by drilling between Doug and Disco where it is projected to continue under shallow cover; geological mapping is underway to better define the orientation and structural context of the stockwork vein system.
The Doug discovery coincides with a major expansion of HWG’s area land package, now totaling over 15 km of continuous strike along the Bodie-Aurora-Borealis trend. The expanded position includes 509 newly staked claims and encompasses ground near past producers such as Aurora (1.9 Moz Au), Borealis (0.8 Moz Au), and Bodie (1.5 Moz Au).
Recent geophysical surveys — including gravity, CSAMT, airborne magnetics, and radiometrics — have been completed across the Spring Peak-Lodestar corridor; results are being interpreted to define follow-up drill targets.
Speculators can expect further updates as mapping, sampling, and targeting progress under the Headwater-Newmont earn-in wherein HWG is carried all the way through Pre-Feasibility (Spring Peak; Lodestar) with HWG retaining a 25% interest plus a 2% NSR.
For a deeper look, our own Gerardo Del Real of Junior Resource Monthly caught up with Headwater Gold CEO Caleb Stroup to discuss the newly identified epithermal vein system at Spring Peak in coordination with Newmont… and much more. Please enjoy!
For additional information on Vancouver-based Headwater Gold, be sure to contact Brennan Zerb at the company’s IR department at 778-867-5016 or via email at bzerb@headwatergold.com.
Sign up to receive updates directly from Headwater Gold here. View the most recent Corporate Presentation here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Headwater Gold
IMPORTANT DISCLAIMER & DISCLOSURES
Resource Stock Digest, as a publisher, is not a broker, investment advisor, or financial advisor in any jurisdiction.
Please do not rely on the information presented by Resource Stock Digest as personal investment advice.
If you need personal investment advice, kindly reach out to a qualified and registered broker, investment advisor, or financial advisor.
The communications from Resource Stock Digest should not form the basis of your investment decisions. Examples we provide regarding share price increases related to specific companies are based on randomly selected time periods and should not be taken as an indicator or predictor of future stock prices for those companies.
Headwater Gold has sponsored this report.
The information in this newsletter does not constitute an offer to sell or a solicitation of an offer to buy any securities of a corporation or entity, including U.S. Traded Securities or U.S. Quoted Securities, in the United States or to U.S. Persons. Securities may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
Any public offering of securities in the United States may only be made by means of a prospectus containing detailed information about the corporation or entity and its management as well as financial statements. No securities regulatory authority in the United States has either approved or disapproved of the contents of any newsletter. Resource Stock Digest nor any employee of Resource Stock Digest is not registered with the United States Securities and Exchange Commission (the “SEC”): as a “broker-dealer” under the Exchange Act, as an “investment adviser” under the Investment Advisers Act of 1940, or in any other capacity. Resource Stock Digest, its owners, directors, and employees are also not registered with any state securities commission or authority as a broker-dealer or investment advisor or in any other capacity.
HIGHLY BIASED:
In our role, we aim to highlight specific companies for your further investigation; however, these are not stock recommendations, nor do they constitute an offer or sale of the referenced securities. Resource Stock Digest has received cash compensation from Headwater Gold and is thus extremely biased. It is crucial that you conduct your own research prior to investing. This includes reading the companies' SEDAR and SEC filings, press releases, and risk disclosures. The information contained in our profiles is based on data provided by the companies, extracted from SEDAR and SEC filings, company websites, and other publicly available sources.
Resource Stock Digest, and its owners, directors, employees, and members of their households may own shares of Headwater Gold. Therefore, Resource Stock Digest is extremely biased. Measures are in place such that no shares will be sold during the active awareness campaign.
HIGH RISK:
The securities issued by the companies we feature should be seen as high risk; if you choose to invest, despite these warnings, you may lose your entire investment. You must be aware of the risks and be willing to accept them in order to invest in financial instruments, including stocks, options, and futures.
NOT PROFESSIONAL ADVICE:
By reading this, you agree to all of the following: You understand this to be an expression of opinions and NOT professional advice. You are solely responsible for the use of any content and hold Resource Stock Digest, and all partners, members, and affiliates harmless in any event or claim. While Resource Stock Digest strives to provide accurate and reliable information sourced from believed-to-be trustworthy sources, we cannot guarantee the accuracy or reliability of the information. The information provided reflects conditions as they are at the moment of writing and not at any future date. Resource Stock Digest is not obligated to update, correct, or revise the information post-publication.
FORWARD-LOOKING STATEMENTS:
Certain information presented may contain or be considered forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in these statements. There can be no assurance that any such statements will prove to be accurate, and readers should not place undue reliance on such information. Resource Stock Digest does not undertake any obligations to update the information presented or to ensure that such information remains current and accurate.