GSN Regular Membership Meeting, Reno, Nevada

Description

Contact: gsn@gsnv.org

GSN MEETING in RENO—FRIDAY, APRIL 21, 2023

GUEST SPEAKER:  Caleb Stroup, Headwater Gold

Title:  “Exploring Fully Preserved Low-Sulfidation Epithermal Systems: Examples from Headwater Gold’s Spring Peak and Midas North Projects, Nevada.”

 Sponsor:  GEOTEMPS/GEOPROS

TIME: Drinks @ 6 pm, Dinner @ 6:30 pm, Talk @ 7:30 pm

WHERE:  Hidden Valley Country Club, 3575 E. Hidden Valley Dr., Reno

 DINNER COST:  $50.00

(PLEASE RSVP BY MONDAY, April 17 , 2023 at 9:00 AM!

ABSTRACT:

Discovery rates in any given mining jurisdiction inevitably fall with time as the outcropping orebodies are found.  In a jurisdiction such as Nevada, with well over 100 years of exploration and mining history, modern exploration efforts are increasingly applied toward targeting blind deposits.  Low-sulfidation epithermal vein deposits are an excellent deposit type to target for blind discoveries in a mature jurisdiction.  Nevada hosts many exceptional examples of high-grade gold and silver epithermal veins (e.g. Midas, Sleeper, Aurora).  Low-sulfidation epithermal systems are among the best understood gold deposit types globally, with broadly predictable alteration and metal zonation patterns.  Even though targets may be “blind” with respect to ore-grade precious metals, outcropping geology, alteration, geochemistry and geophysics can be combined to target with higher confidence than in many other deposit types.  A particular feature of low-sulfidation systems is the development of a discrete boiling zone where high-grade mineralization typically occurs. This high-grade zone often begins approximately 150 meters below the paleosurface and can be several hundred meters in vertical extent.   In many instances, historic exploration drilling was targeting near-surface bulk tonnage mineralization and did not adequately penetrate to the appropriate depths to reach high-grade targets in the boiling zone.  Headwater Gold is currently exploring a large portfolio of fully preserved epithermal systems throughout the western USA, with an emphasis on Nevada.  The Company is focused on large epithermal systems where the paleosurface remains at least partly intact and where potential remains for blind high-grade mineralization at depth.  Headwater’s Spring Peak Project (Walker Lane) and Midas North Project (Northern Nevada Rift) are two exceptionally well-preserved systems where the Company is utilizing a multi-disciplinary approach to target and explore at depth.  Recent drilling at Spring Peak has discovered blind high-grade gold mineralization in banded epithermal veins in an inferred boiling zone below a well-preserved sinter.  An aggressive follow-up drill program is being planned to test the extent of high-grade mineralization.  At Midas North a detailed geologic, geochemical, and geophysical targeting campaign has recently been completed that has outlined multiple high-priority targets to be tested in a maiden drill program in late spring  2023.  Both projects are being advanced under earn-in agreements with Newcrest Mining.  Further information about the Company and the agreements with Newcrest can be found at  www.headwatergold.com.

BIO:  Caleb Stroup, President and CEO of Headwater Gold Inc.

 Caleb Stroup is a geologist with over 15 years of experience exploring for gold, base metals, and geothermal resources. Past roles include Senior Geologist for Kinross Gold corporation, where he focused on greenfields exploration in Nevada, as well as positions with several Junior explorers working on diverse resource projects from Central America to Alaska. Caleb co-founded Headwater Gold Inc. in 2018 and has since been focused on exploring for high-grade epithermal veins with Nevada, Idaho and eastern Oregon.  In addition to Headwater, Caleb is a partner at NewQuest Capital and sits on the board of several private exploration companies active in North America.

---