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Posted by
Two Blokes May 28, 2025 -
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Stock
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Vancouver, British Columbia - TheNewswire - May 28, 2025: Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the "Company" or "Headwater") is pleased to announce the identification of outcropping high-grade epithermal veins at the newly identified Doug target, part of its expanding Spring Peak project located in Nevada. Exploration at Spring Peak is fully funded through an earn-in agreement with Newmont Corporation ("Newmont") (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) announced on August 16, 2022. The newly recognized veins at the Doug target were found through a recently completed surface exploration program. The Doug target lies approximately 9 kilometres (“km”) north of the high-grade Disco Zone and is situated along the trend of the Bear Fault, a regionally significant structure which also hosts the Disco Zone mineralization to the south (see news releases dated January 9, 2023 and February 7, 2025). The Bear Fault projects under thin post-mineral cover to the north from Disco to a small erosional window at Doug where prospective host rocks are again exposed. The occurrence of gold-bearing veins at surface in this area highlights the broader potential of the covered portions of the trend.
