Drilling Commences At The Lodestar Project

VANCOUVER – Headwater Gold Inc. reported that drilling has commenced on the Lodestar project, located in the Walker Lane mineral belt of western Nevada. The program will total up to 3,500 metres of combined core and reverse circulation (RC) drilling. The program will consist of 10 to 15 holes testing multiple gold targets on the Lodestar property. There will be priority focus on the Zodiac sinter ridge target. – first systematic test of epithermal vein targets at depths greater than 100 metres below silica sinter and adjacent intensely altered breccias at the Zodiac target. Additional drilling to target major structures concealed under thin volcanic cover: Structural targets supported by a combination of CSAMT resistivity, induced polarization and detailed gravity will be tested with RC scout drilling. 

Caleb Stroup, President and CEO, said, “The start of drilling at Lodestar marks an exciting step for Headwater. The initial focus of this much anticipated program will be the Zodiac sinter target, where the geology and geophysics point to a well-preserved epithermal system with significant discovery potential. The program is designed to test both the structural feeders beneath the sinter and a series of geophysical anomalies elsewhere on the property for high-grade epithermal veins at depth. The endowment of the greater Aurora district, together with the intensity and character of the surface alteration at Lodestar, give our geologists a high degree of optimism as we kick this drilling off.  With strong support in place from our funding partner, we are well positioned to advance Lodestar aggressively and test multiple high-priority targets in one of Nevada’s most prospective gold districts.”