Hot Creek Project
Ownership:
100% owned, 52 unpatented mining claims totaling 435 hectares in the Tuscarora District, Nevada.
Proposed OceanaGold Earn-In Transaction Announced July 22, 2025
Proposed earn-in structure. See news release dated July 22, 2025
Under the partnership, Headwater will be the initial operator of the project and will receive a 10% management fee
Located 17 km north of historic high-grade Au-Ag mines in the Tuscarora District
Located 17 km northwest from Jerritt Canyon producing gold mine
Property Highlights:
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Potential for scale: Hot Creek vein occupies fault zone with 4 km of mapped strike extent
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Historic drill intercepts up to 1.46 g/t Au and 13.22 g/t Ag over 7.6 m, with max individual sample of 2.28 g/t Au over 1.52 m within a 14 m wide zone of silica-clay-sulfide alteration*
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Limited drilling: 43 historic drill holes with an average depth of only 103 m*
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Excellent road access and adjacent infrastructure serves nearby power plant
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2025 surface exploration underway to prioritize drill targets