Headwater Gold Begins Geophysical Surveys at Jake Creek Project
Vancouver, British Columbia — February 18, 2026 — Leads & Copy —
Headwater Gold Inc. is conducting geophysical surveys at its Jake Creek project in Nevada. The surveys, which include controlled-source audio-frequency magnetotelluric (CSAMT) resistivity and ground gravity methods, are fully funded under an earn-in agreement with OceanaGold Corporation.
The 12.5 line-kilometer CSAMT survey and 600-station gravity survey aim to define structural controls and identify priority drill targets. Recent mapping efforts have also led to the discovery of a new zone of high-level epithermal quartz veining, dubbed “Pete’s Vein,” in the northern part of the property.
In addition to the geophysical surveys, Headwater has completed a 500-sample soil survey and comprehensive geologic mapping to refine the structural and stratigraphic framework of the Jake Creek project. An initial drill program is scheduled for early summer 2026, with the geophysical survey results informing the final target areas and program scope.
According to Headwater Gold President and CEO Caleb Stroup, historic drilling at Jake Creek confirmed the presence of blind gold mineralization, including 11.3 g/t Au over 1.52 meters within a broader 45.72 meters grading 0.96 g/t Au in hole JC-005. The current exploration program focuses on defining the fault architecture and district-scale fluid pathways responsible for mineralization.
The CSAMT resistivity survey consists of five parallel lines aligned with soil survey lines and one perpendicular line. The survey is designed to identify northwest-oriented faults, believed to control epithermal mineralization, and a northeast-striking fault bounding a modern basin in the southern part of the property. Structural intersections between these faults are considered important mineralization centers, similar to the nearby Hecla Midas and Hollister mines.
The ground gravity survey covers the entire Jake Creek project area (28 km2) with 600 stations spaced 200 meters apart, and 400 metre spacing along the margins. Detailed gravity data will help refine property-wide structural trends and identify fault segments that could serve as mineralized epithermal feeder structures.
The 2025 exploration program at Jake Creek included detailed geologic mapping, relogging of historic reverse circulation drill chips, rock chip sampling, and a soil geochemistry survey. This work aimed to improve the geological model, understand structural controls, and prioritize areas for geophysical surveys and drilling.
Mapping and RC chip relogging confirm Jake Creek’s location along the western margin of the Northern Nevada Rift, characterized by west-dipping fault blocks that control volcanic stratigraphy and mineralization. The work has improved understanding of the Tertiary unconformity and its relationship to epithermal mineralization intersected in historic drilling.
Reconnaissance mapping identified a linear array of chalcedonic quartz-opal veins and crackle breccias within flow-banded rhyolite in the northern portion of the project, now known as Pete’s Vein. These veins exhibit high-level epithermal textures and are associated with anomalous geochemistry.
The soil survey highlights pathfinder element anomalies that align with mapped northwest-trending structures and areas of silicification and clay alteration, providing vectors for drill targeting, especially where geochemical anomalies coincide with structures like Pete’s Vein.
The Jake Creek project, 100% owned by Headwater, consists of 189 unpatented lode mining claims in Humboldt County, Nevada, located 65 km northwest of Winnemucca and 8 km east of the Nevada Gold Mines’ Turquoise Ridge Mine Complex. A portion of the project is subject to a 1% NSR, half of which can be purchased for $1,000,000. The project covers 3,700 acres on the western margin of the Northern Nevada Rift, a structural corridor known for precious metal mineralization.
The geology includes mid-Miocene bimodal volcanic rocks overlying Paleozoic sedimentary rocks. North-northwest and east-northeast trending faults dissect the property and may control mineralization. Historic drilling intersected epithermal mineralization at the Tertiary unconformity, suggesting a robust low-sulfidation epithermal system with potential for high-grade feeder zones.
Headwater Gold Inc. is focused on exploring for and discovering high-grade precious metal deposits in the Western USA. The Company has a portfolio of epithermal vein exploration projects and strategic earn-in agreements with OceanaGold, Newmont, and Centerra. Newmont and Centerra Gold Inc. have acquired strategic equity interests in the Company.
Source: Headwater Gold Inc.
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