Midas North Project

Large under-explored precious metal
system with a clear analog immediately
south at Hecla’s Midas Mine

Midas North Overview

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
Midas North Earn in Agreement
Headwater Gold Midas North Project

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