Headwater Gold’s Spring Peak Project Secures Permitting Council’s FAST-41 Coverage, Nevada
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Headwater Gold said its exploration permit on the Spring Peak Project, referred to as the Burnt Rock Plan of Operations and located in western Nevada, has been selected for the Permitting Council’s FAST-41 program transparency list.
FAST-41 is a federal initiative designed to streamline approvals for vital infrastructure, ensuring that designated mining projects receive an efficient review and authorization process. Acceptance into the program makes permitting milestones transparent. The current contemplated exploration program is funded by Newmont under stage 2 of the Spring Peak earn-in agreement where Newmont may earn a 65 percent interest in the project by sole funding $40 million over a 36-month period.
“We are thrilled by the inclusion of our project into the Fast-41 program. The continued support of the federal government for mining and exploration projects underscores the growing recognition of the importance of a domestic mineral supply chain. FAST-41 is the track that high-quality, federally recognized projects are placed on, providing the transparency and predictability that are so critical to advancing exploration in the United States,” said Caleb Stroup, president and CEO.
“With permitting clarity and a funding partnership in place, we’re well positioned to progress exploration at Spring Peak,” added Stroup.
The Burnt Rock plan of operations on the Spring Peak project is located in the Aurora mining district of west-central Nevada and is adjacent to Hecla’s past-producing Aurora mine. The plan of operations proposes to increase the exploration search space on the project and opens up exploration drilling along the interpreted projection of mineralized trends under thin volcanic cover. The plan of operations includes the potential construction of up to 266 drill sites, 29 miles of new access roads, and a comprehensive reclamation plan for all proposed exploration activity disturbance.
Learn more about the Spring Peak Project on the Federal Permitting dashboard HERE.
Headwater Gold is a technically-driven mineral exploration company focused on exploring for and discovering high-grade precious metal deposits in the Western U.S. Headwater is actively exploring one of the world’s most well-endowed, mining-friendly jurisdictions, with a goal of making world-class precious metal discoveries. The company has a large portfolio of epithermal vein exploration projects and a technical team with diverse experience in capital markets and major mining companies. Headwater is systematically drill-testing several projects in Nevada and has strategic earn-in agreements with Newmont on its Spring Peak and Lodestar projects and OceanaGold on its TJ, Jake Creek and Hot Creek projects. In August 2022 and September 2024, Newmont and Centerra Gold acquired strategic equity interests in the company, further strengthening Headwater’s exploration capabilities.
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