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 Newmont
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