Annuncio • Nov 24

Headwater Gold Inc. Announces New Blind Epithermal Gold Discovery At Spring Peak, Nevada and Triples Size of Land Position

Headwater Gold Inc. reported results from five reverse circulation (“RC”) drill holes completed on its first-pass drill program at its Spring Peak Project, located in Nevada, USA, immediately adjacent to the past producing high-grade Aurora gold mine owned by Hecla Mining Company (“Hecla”). Highlights: New blind gold discovery made with drill hole SP21-03 which intersected 38.1 metres (“m”) grading 1.00 grams per tonne (“g/t”) gold including 9.2 m grading 2.49 g/t gold; Four of five holes encountered significant intervals of gold mineralization beginning approximately 100 metres depth below surface; Drill results validate Headwater’s exploration model, confirming the presence of a laterally continuous gold-bearing epithermal boiling zone below a cap of silica sinter and barren alteration occurring on surface; Vein textures and multi-element geochemistry suggest the mineralization encountered occurs in the top of the targeted boiling horizon, with clear follow-up targets presented immediately down dip; The Company has expanded the Spring Peak land position through claim staking, and approximately tripled the size of the claim block since optioning the Project from Orogen Royalties Inc.; and Follow-up drilling is currently being planned by the Company. The Spring Peak Project is located in the Aurora Mining District of west-central Nevada, approximately 50 kilometres southwest of the town of Hawthorne and adjoins Hecla Mining’s Aurora mine complex. A large hydrothermal alteration cell occurs in the center of the Spring Peak Project area which is interpreted by Headwater geologists as representing the high-level manifestations of an epithermal precious metal system. Using a variety of geological and geophysical targeting tools, Headwater geologists identified several previously undrilled high-grade vein targets at depth beneath this high-level alteration cap, which were tested by the recent drilling. Headwater’s initial first-pass RC drilling program consisted of five drill holes totaling 1,350 metres. Drilling successfully intersected epithermal quartz veins at a range of elevations in multiple structures. Individual vein zones range from 1.4 to 18.3 metres in drilled width. The widest zone of veining and mineralization occurred in hole SP21-03 which intersected a fault-hosted vein zone immediately beneath a mapped silica sinter at surface. This interval returned gold values of 1.00 g/t gold over 38.1 metres, including 9.2 metres of 2.49 g/t gold, representing a new, blind gold discovery and a confirmation of the Headwater exploration model. Drill hole SP21-03 was terminated due to challenging drilling conditions while still in alteration, and only 6.1 metres beyond the reported 1.00 g/t interval. The vein textures encountered in SP21-03 range from clean, white chalcedonic quartz to finely banded chalcedonic quartz with quartz-after-platy-calcite textures, and minor stringers and clots of dark grey sulfosalts. These textures, together with the relatively low Ag:Au ratio (approximately 10:1), and the absence of appreciable base metal values, suggest SP21-03 only penetrated the very upper parts of the targeted boiling zone, with the primary high-grade target remaining at depth and yet to be drill tested. The mineralization encountered in SP21-03 is open in all directions. The nearest drill hole which penetrated to the appropriate depth is SP21-02, approximately 900 metres to the west, which ended in 16.8 m grading 0.28 g/t Au. Drill holes SP21-02, SP21-04, and SP21-05 also intercepted significant intervals of gold mineralization in stockwork quartz vein zones beginning approximately 100 metres below the modern surface; depths which were previously not tested by historic drilling. Drill hole SP21-01 returned no significant gold intercepts. In aggregate, these results demonstrate the presence of a significant >1 kilometre zone of highly-anomalous gold values in the upper portions of a widespread epithermal boiling horizon. Headwater geologists believe this to be highly encouraging, especially given the proximity and geologic similarity with the mineralization in the nearby high-grade Aurora mine area2, approximately three kilometres to the northwest. Phase II Follow-up: The Company believes that RC drilling was an efficient and cost-effective means to confirm the presence of a viable epithermal precious metal system at depth, but has inherent limitations in the depth extent to which it is practical. Future programs will include a combination of RC drilling and diamond core to better test the true width and grade of the veins encountered and better ensure target depths can be reached. Future core drilling will also implement oriented core technologies, allowing the collection of detailed structural information critical for projecting and offsetting vein intercepts. Headwater geologists are currently updating the exploration model at Spring Peak by incorporating all new information and expanding the geologic mapping and surface geochemical sampling. The extensive CSAMT resistivity geophysical data collected by previous operators on the property appears to be an excellent tool for delineating zones of silicification and veining at depth, and additional resistivity modelling efforts are being initiated to help the targeting process. The Company is in the process of planning a drill program to offset the newly discovered gold mineralization at depth and test additional portions of the strike extent of the system. Diamond core follow-up holes will be designed to offset the vein zone encountered in SP21-03 at depth, as well as other structural zones in a favorable geologic setting for the formation of high-grade veins. The Agreement allows for Headwater to acquire a 100% undivided interest, subject to retained royalties, in the Spring Peak project from Orogen Royalties Inc. (“Orogen”) by incurring exploration expenditures of USD 250,000 prior to July 2023, making a cash or share payment totaling USD 250,000 and maintaining all required underlying option payments and royalties as outlined. Orogen will retain a 0.5% net smelter return (“NSR”) royalty and an option to purchase an additional 0.5% NSR royalty for USD 1,000,000. The underlying option payments include an annual lease payment commencing at USD 40,000 and escalating up to USD 60,000 (indexed to inflation) with a USD 500,000 buyout. The underlying optionor will retain a 2.5% NSR royalty of which 1.5% of the NSR may be purchased for USD 1,500,000 at any time.

Percentuale dello stipendio del CEO	100.00%
Mandato del CEO	7.2yrs
Proprietà del CEO	4.4%
Durata media del management	4.5yrs
Durata media del Consiglio di amministrazione	6yrs

Nome	Posizione	Mandato	Compensazione	Proprietà
Alistair Waddell	Executive Chairman	7.5yrs	CA$60.00k	3.16% CA$ 1.1m
Caleb Stroup	President	7.2yrs	CA$240.91k	4.43% CA$ 1.6m
David Cross	Chief Financial Officer	less than a year	Nessun dato	Nessun dato
Randy Vance	Chief Geologist	4.5yrs	Nessun dato	Nessun dato
Joshua Carron	Vice President of Exploration	less than a year	Nessun dato	Nessun dato

Nome	Posizione	Mandato	Compensazione	Proprietà
Alistair Waddell	Executive Chairman	7.5yrs	CA$60.00k	3.16% CA$ 1.1m
Caleb Stroup	President	7.2yrs	CA$240.91k	4.43% CA$ 1.6m
Wendell Zerb	Independent Director	6yrs	CA$12.00k	1.67% CA$ 605.6k
Brent Cook	Member of Technical Advisory Team	4.5yrs	Nessun dato	Nessun dato
Dougald Currie	Independent Director	5.7yrs	CA$12.00k	0.52% CA$ 190.0k
Fraser MacCorquodale	Independent Non-Executive Director	2.3yrs	CA$26.75k	Nessun dato
Tero Kosonen	Director	7.2yrs	CA$24.00k	3.63% CA$ 1.3m
John Young	Member of Technical Advisory Team	no data	Nessun dato	Nessun dato

Dati	Ultimo aggiornamento (ora UTC)
Analisi dell'azienda	2026/07/06 19:39
Prezzo dell'azione a fine giornata	2026/07/03 00:00
Utili	N/A
Utili annuali	N/A

Pacchetto	Dati	Tempistica	Esempio Fonte USA ^*
Dati finanziari della società	10 anni	Conto economico Rendiconto finanziario Bilancio	Modulo SEC 10-K Modulo SEC 10-Q
Stime di consenso degli analisti	+3 anni	Previsioni finanziarie Obiettivi di prezzo degli analisti	Rapporti di ricerca degli analisti Blue Matrix
Prezzi di mercato	30 anni	Prezzi delle azioni Dividendi, scissioni e azioni	Dati di mercato ICE Modulo SEC S-1
Proprietà	10 anni	Top azionisti Insider trading	Modulo 4 SEC Modulo 13D SEC
Gestione	10 anni	Team di leadership Consiglio di amministrazione	Modulo SEC 10-K Modulo SEC DEF 14A
Sviluppi principali	10 anni	Annunci aziendali	Modulo 8-K SEC

Headwater Gold Gestione

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Aggiornamenti recenti sulla gestione

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Independent Director exercised options to buy CA$175k worth of stock.

Independent Director exercised options to buy CA$165k worth of stock.

Headwater Gold Inc., Annual General Meeting, Oct 10, 2025

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Independent Director exercised options to buy CA$245k worth of stock.

Independent Director exercised options to buy CA$175k worth of stock.

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New minor risk - Shareholder dilution

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Less than half of directors are independent

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Headwater Gold Inc Signs A Definitive Agreement Granting Headwater the Exclusive Option to Acquire A 100% Interest in the Spring Peak Epithermal Gold-Silver Project Located in the State of Nevada, United States

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