Published: February 1, 2022 |

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Headwater Gold has acquired the Crane Creek Gold Project in western Idaho through a combination of claim staking, leasing private land, purchasing senior unpatented mining claims, and the award of a minerals lease by the state of Idaho.

“The Crane Creek Project is an exceptional exploration opportunity in the increasingly active and mining-friendly jurisdiction of Idaho. Fragmented land ownership and surface access limitations hindered previous exploration efforts, and the project has seen essentially no activity since 1996. After well over a year of work, the company has consolidated the district and secured a long-term surface access agreement,” said Caleb Stroup, Headwater’s president and CEO.

“Crane Creek hosts a large gold anomaly at surface with a coincident swarm of outcropping high-level epithermal veins that has seen virtually no targeted exploration for high-grade vein mineralization. Limited shallow historic drilling points to excellent high-grade potential at depth, in addition to the lower-grade mineralization which may be amenable to open-pit extraction. It is encouraging that the mercury-rich cap of the epithermal system is located only a few meters topographically above the outcropping veins and surface gold anomaly, suggesting the system is fully preserved,” added Stroup.

The Crane Creek Project is located in western Idaho, approximately 18 km northeast of the town of Weiser and 90 km northwest of the city of Boise, with a paved county road less than 1 km from the southern property boundary. The project encompasses an array of mineralized quartz veins within a broad gold and trace element geochemical anomaly with features characteristic of a fully-preserved low-sulfidation epithermal system, including mercury prospects, widespread opaline silica, and chalcedonic vein fill. This alteration cell is located 8 km along trend northwest of the Almaden gold project. The Crane Creek Project comprises approximately 1,240 hectares, consisting of 123 unpatented federal mining claims on BLM land, a 640 acre State of Idaho minerals lease, and a private lease.

The epithermal vein array at the Crane Creek Project is hosted in a package of miocene sedimentary and volcanic rocks in a north-northwest-trending half-graben on the northern margin of the Western Snake River Plain. The veins occur within a system of west-dipping normal faults along the eastern margin of the half-graben, which extends southeast to GoldMining Inc’s Almaden Project.

2022 Exploration Plan

Headwater geologists are currently planning a first-pass drill program to be carried out in mid-2022 with the goal of testing the width and continuity of multiple quartz veins beneath the elevation of historic drilling, as well as testing several additional early-stage targets with limited or no historic drilling. The 2022 exploration program is also expected to include trenching, detailed geologic mapping, surface sampling, interpretation of airborne magnetic and radiometric surveys, and a detailed ground-based geophysical resistivity survey. Historic IP resistivity data in the project area, although limited in resolution, indicate that resistivity may be an excellent tool for targeting high-angle structures which may represent mineralized feeders to the epithermal system.

About Headwater Gold
Headwater Gold Inc. is a technically-driven mineral exploration company focused on exploring for 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 composed of experienced geologists with diverse capital markets, junior company, and major mining company experience. The company is actively exploring several projects in Nevada, Idaho, and Oregon.

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