Spring Peak Project
Exploration program 100% funded by Newmont
Disco Zone discovered by Headwater in scout drilling in 2021
Opal Ridge Discovery by Headwater in 2022 drill program
Multiple high-grade vein intercepts reported in 2023
High-grade mineralization remains open at depth and in both directions along strike
Rapidly advancing new high-grade discovery with a clear analog next door at Aurora Mine
In 2022 Headwater completed ten drillholes – 3,173 m total; Including first-ever core drilling at Spring Peak – Four of ten hit greater than 15 g/t Au
Disco Zone: High-grade gold in banded epithermal veins, open down dip and laterally in both directions
Opal Ridge: New high-grade vein discovery at relatively shallow depth.
2023 Drill Program
- Twenty-five holes funded by Newmont
- Multiple high-grade vein intercepts with over 10 g/t Gold
- Extended Disco Zone to greater than 400 meters in strike and remains open to northeast, southwest, at depth, and up-dip toward surface
5m thick silica sinter indicates the system is fully preserved
2022 core drilling confirms multiple high-grade epithermal veins in the Disco Zone
All four Disco Zone holes intersected the vein target as planned, confirm vertical continuity of high-grade mineralization
(*) Reported grades were calculated using a 0.2 g/t cut-off grade for primary intervals and a 2 g/t cut-off grade for included intervals. Intervals correspond to downhole thickness. Unless otherwise stated in the “Comments” field, insufficient information is available to determine true thickness of mineralized intervals.
