Drilling Commences At The Mahogany Gold Project

VANCOUVER - Headwater Gold Inc. reported a first-pass diamond core drill program has commenced on the Mahogany Project located in southeast Oregon. The Headwater drill program is designed to target an approximately 500-meter long segment of the Main Ridge Fault zone which exhibits the most intense silicification and epithermal quartz veining at the surface on the property, including rock grab samples which have returned gold values up to 170 grams per tonne. Four initial drill holes will target this structure to depths up to approximately 225 meters below the surface.