Acquisition Of Jake Creek Epithermal Gold System

VANCOUVER - Headwater Gold Inc. has acquired the Jake Creek epithermal gold project along the Northern Nevada Rift gold trend in Nevada.  The project hosts a known epithermal gold system identified by historical drilling, with minimal modern exploration and remains open for further discovery.

High-Grade Potential: Historic drilling at Jake Creek identified a broad zone of strongly anomalous gold mineralization with localized high-grade epithermal gold mineralization, including 11.3 g/t Au over 1.52 metres (m) within a broader 46.73 m interval grading 0.98 g/t Au. Highly Endowed Gold Belt: The Jake Creek project lies along the prolific Northern Nevada Rift, home to multiple epithermal gold deposits, including the nearby Midas Mine, and located just 8 km east of the Nevada Gold Mines’ Turquoise Ridge Complex. Exploration Upside: Jake Creek is a relatively under-explored land package in Nevada despite proximity to multiple world-class mines and confirmed epithermal mineralization on the property.