Midas North Project
Exploration program 100% funded by Newcrest
Large, royalty-free land position on BLM land staked by Headwater in 2020
Large, un-drilled epithermal alteration cell immediately north of and adjoining Hecla Mining Company’s Midas Mine
Analogous geologic setting to Hecla’s Midas mine and the recent Green Racer Sinter vein discovery: 189.3 g/t Au and 305.1 g/t Ag over a true thickness of 3.99 metres(3)
Multiple high priority drill targets identified for maiden drill program in 2023
Undrilled alteration cell represents rare brownfields exploration opportunity along strike in a prolific high-grade Nevada mining district
Widespread areas of highly-anomalous mercury geochemistry, a key pathfinder element for epithermal vein exploration
Five priority targets identified
Presence of sinter, water table silica, and clay alteration indicative of a fully preserved epithermal system
Textures and initial geochemistry in opaline silica and sinter indicate local high-energy near vent environments
2022 Exploration Completed:
-
Additional geologic and sinter facies mapping
-
Detailed prospecting and rock chip sampling
-
Aeromagnetic and radiometric survey
-
CSAMT resistivity survey
-
Airborne hyperspectral survey
-
Handheld spectrometer hyperspectral study
-
Detailed soil geochemical program
