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Jake Creek Project

High-Grade Potential Project Hosts a Known Epithermal Gold System Identified by Historical Drilling

Jake Creek Overview

Claims:

189 unpatented lode mining claims covering 3,700 acres

Location:

Humboldt County, Nevada, located 65 km northwest of Winnemucca

Highlights:

High-Grade Potential: Historic drilling1 at Jake Creek identified a broad zone of strongly anomalous gold mineralization with localized high-grade epithermal gold mineralization, including 11.3 g/t Au over 1.52 metres (“m”) within a broader 46.73 m interval grading 0.98 g/t Au;
Highly Endowed Gold Belt: The Jake Creek project lies along the prolific Northern Nevada Rift, home to multiple epithermal gold deposits, including the nearby Midas Mine, and located just 8 km east of the Nevada Gold Mines’ Turquoise Ridge Complex; and
Exploration Upside: Jake Creek is a relatively under-explored land package in Nevada despite proximity to multiple world-class mines and confirmed epithermal mineralization on the property.
District-scale map showing the proximity of the Jake Creek project to the Turquoise Ridge Complex and simplified regional geology along the Northern Nevada Rift
Interpretive cross-section of the Jake Creek epithermal system, illustrating known mineralization and potential feeder zones at depth.
Exploration at Jake Creek has historically focused on Carlin-type gold targets, driven by its proximity to the Twin Creeks Mine just 8 km to the west (20 Moz Au M&I with 23 Moz Au past production2).
Evolving Gold Corp. 2010-2011 campaign included 13 RC drill holes totaling approximately 4,000 metres.
Headwater has acquired a substantial historical dataset with the project, including surface geochemistry (1,006 ionic leach samples), geophysics (IP/resistivity, gravity, magnetics), and digitized drill logs and assays.
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