Headwater Gold Inc. announce it has commenced a 2,000 metre drill program at the Agate Point project, Nevada. Approximately 2,000 m of reverse circulation ("RC") drilling is currently underway as part of a first-pass scout drilling program; The drill program is designed to test for gold mineralization at depth below a large epithermal alteration footprint characterised by widespread mercury and arsenic surface geochemistry; Agate Point is located approximately 50 km along trend from the historic, high-grade Sleeper gold mine in northern Nevada; and,
The drill program is fully funded by Newcrest Mining Limited ("Newcrest") as part of a larger multi-project earn-in agreement. The Agate Point project is located in northwest Nevada, 50 km along trend from the historic, high- grade Sleeper Mine. The claim block covers an easily accessible linear ridge of untested widespread, high-level epithermal alteration with consistent, highly anomalous trace-element geochemistry typical of upper parts of epithermal gold deposits in Nevada and globally. There has been limited exploration on the project and no known exploration drilling testing for high-grade precious metal bearing veins. Exploration at Agate Point will consist of scout RC drilling to test multiple structural targets below surface alteration and geochemistry indicative of high-level epithermal mineralization. The Company believes this drilling will be the first ever test for a structurally hosted precious metal-bearing epithermal boiling zone at Agate Point.