Crane Creek Project
Centerra Gold committing up to US$25M to earn 70% at Crane Creek
Commanding land package totaling 1,240 hectares
Gold-bearing epithermal quartz veins at surface
Shallow historic drilling points to high-grade potential (71m average historic drillhole depth)1
Vein targets analogous to world-class high-grade gold vein mines in Nevada
Phase 1 drilling planned for early 2026 under the new partnership
For details on the earn-in agreement visit headwatergold.com for news release dated 12/3/2025
High-grade vein potential within and beneath shallowly-defined mineralization
Targeting basalt-hosted high-grade veins at depths >100m
Headwater and Centerra jointly developing exploration plan that incorporates recently completed geophysical datasets, historical results and updated geological interpretation
The partners intend to prioritize and refine specific drill targets across the main vein corridor and newly generated structural and alteration targets
