Headwater Gold Commences Drilling At the Agate Point Project, Nevada
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.