The western United States has lengthy been a supply of mining riches, with Nevada a primary instance. The state has one of many highest gold endowments on the planet, yearly producing roughly 84% of all of the gold within the U.S. Whereas a variety of exploration in elements of the area has targeted on near-surface, bulk-tonnage targets, Vancouver-based junior Headwater Gold (CSE: HWG; US-OTC: HWAUF) is concentrating on bonanza-type epithermal vein deposits in Nevada, Idaho and Oregon by exploring for big, mineralized techniques with proof of untested, high-grade gold-silver mineralization at depth. The corporate has a portfolio of tasks positioned within the three states, with half of the corporate’s property positioned in southwestern Nevada’s Walker Lane pattern, and the rest located west of Boise alongside the Oregon-Idaho state line.
Based on Headwater one of many the reason why it has been in a position to purchase the property in its portfolio is as a result of it makes use of a proprietary goal technology system. The corporate says it has constructed up a big database that covers all the western U.S. and incorporates each private and non-private information. The system geospatially hyperlinks quite a few datasets together with geology, geochemistry, geophysics, mining declare information, allowing actions in addition to a wide range of historic exploration information into one searchable central database that may be filtered for particular exploration targets, the corporate says.
This information aggregation system, in addition to intensive native data and a technical crew, places the corporate in place to generate new tasks within the area, in line with president and CEO Caleb Stroup.
“The portfolio strategy that we’re taking is considerably uncommon, particularly given the truth that most of our tasks are generated internally,” Stroup says. “We’re actively engaged on plenty of tasks at any given time, and we intend to drill one thing like three to 5 yearly. We’re not going to spend an excessive amount of time engaged on one underperforming, historic property. We’re on the lookout for one thing new, one thing excessive impression and doubtlessly excessive margin that can get the eye of the majors and mid-tiers who want to deliver issues into manufacturing in a steady jurisdiction.”
Stroup highlights the corporate’s most up-to-date exploration work, a drill program that was accomplished in mid-September at its Spring Peak asset in Nevada, positioned about 150 km southeast of Carson Metropolis within the state’s west-central Aurora mining district. A big hydrothermal alteration cell happens within the heart of the Spring Peak undertaking space and the corporate recognized a number of beforehand undrilled high-grade vein targets at depth beneath the high-level alteration cap.
In August, Headwater started a program of 5 first-pass reverse circulation drill holes totaling 1,350 metres at Spring Peak, which was accomplished on schedule and beneath price range. The drill holes minimize throughout the interpreted principal structural controls on the alteration cell at vertical depths between 100-200 metres under floor. Epithermal quartz veins have been intercepted in 4 of the 5 drill holes at a wide range of elevations and inside a number of buildings, with particular person vein zones starting from 1.5 to 18.3 metres in drilled width. The corporate says it expects assay outcomes by the top of October.
“I’ve little doubt that there are world-class discoveries ready to be made in Nevada, and within the western U.S. generally,” says Stroup. “Are they straightforward to seek out? No. However I believe the components that we’ve set out provides us and our shareholders probability of success. The bottom line is to stay disciplined in our resolution making and to not fall into the lure of falling in love with tasks and staying too lengthy or spending an excessive amount of cash on them. If tasks don’t carry out, we have now no qualms with strolling away. We’re pushed by the easy need to make a world class discovery.”
The previous Joint Enterprise article is PROMOTED CONTENT sponsored by Headwater Gold and produced in cooperation with The Northern Miner. Go to headwatergold.com for extra data.