Headwater Gold’s President and CEO, Caleb Stroup, discusses Katey Gold Project in Video Interview with Fiona Forbes of InvestmentPitch Media

Rhea-AI Summary

Headwater Gold (CSE:HWG) (OTCQB:HWAUF) announced a new drill program at its 100%-owned Katey Gold project in Oregon, following a high-grade discovery in its first drillhole. CEO Caleb Stroup emphasized the project's potential, stating low-cost surface work indicates a mineralized system extending over a kilometer. The upcoming drilling will focus on validating this trend and enhancing the scale of the target. Headwater is actively exploring projects in mining-friendly jurisdictions, backed by a strategic investment from Newcrest Mining. The shares are currently priced at $0.35.

Positive

• Upcoming drill program aims to expand on high-grade gold discovery at Katey project.
• Katey project is 100% owned and royalty-free, enhancing exploration potential.
• Strategic investment from Newcrest Mining signifies confidence in Headwater's projects.

Negative

• None.

VANCOUVER, British Columbia, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Headwater Gold’s (CSE:HWG) (OTCQB:HWAUF) President and CEO, Caleb Stroup, is interviewed by Fiona Forbes of InvestmentPitch Media. The interview discusses Headwater Gold’s portfolio of properties and business model while focusing on the upcoming program on the Katey Gold project in southeast Oregon.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Headwater” in the search box.

Headwater Gold is a technically-driven mineral exploration company focused on the exploration and discovery of high-grade precious metal deposits in the Western USA. Headwater is aggressively exploring one of the most well-endowed and mining-friendly jurisdictions in the world with a goal of making world-class precious metal discoveries.

Headwater has a large portfolio of epithermal vein exploration projects and a technical team comprised of experienced geologists with diverse capital markets, junior company and major mining company experience. The Company is systematically drill testing several projects in Nevada, Idaho, and Oregon and in August 2022 announced a significant transaction with Newcrest Mining Limited where Newcrest acquired a 9.9% strategic equity interest in the Company and entered into earn-in agreements on four of Headwater’s projects.

Caleb Stroup, the President and CEO, stated: “Following the completion of our recent financing, we are very excited to get back out to Katey to follow up on the high-grade discovery made in our first drillhole completed on the project and the only hole drilled to date by the Company in the West Zone target area. The Katey project is 100% owned and royalty-free and is our highest-priority self-funded exploration project. Low-cost surface work conducted since announcing this discovery suggests that the mineralized system extends both to the north and to the south for at least a kilometre and potentially continues under shallow cover beyond. The upcoming drill program will focus on drill testing the length of this mineralized trend and offsetting our previous intercept with multiple holes down dip in an attempt to add scale to a target we already know has high-grade gold.”

The shares are currently trading at $0.35. For more information, please refer to today’s new release or visit the company’s website www.HeadWaterGold.com, contact Caleb Stroup, President and CEO, at 775-409-3197 or by email at CStroup@HeadWaterGold.com.

For investor relations, contact Brennan Zerb, Investor Relations Manager, at 778-867-5016 or by email at BZerb@HeadWaterGold.com.

About InvestmentPitch Media

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Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. Headwater Gold has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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FAQ

What is the focus of Headwater Gold's upcoming drill program on the Katey Gold project?

The upcoming drill program aims to validate the mineralized trend discovered in the first drillhole and enhance the scale of the gold target.

What significant investment has Headwater Gold received and from whom?

Headwater Gold received a strategic equity investment from Newcrest Mining, which acquired a 9.9% stake in the company.

What is the current trading price of Headwater Gold shares?

Headwater Gold shares are currently trading at $0.35.

What are the key characteristics of the Katey Gold project?

The Katey Gold project is 100% owned by Headwater Gold and is royalty-free, making it the company's highest-priority self-funded exploration project.