Gold Co.'s New Analysis Points To Untested Gold System
Bob Moriarty of 321gold.com shares his thoughts on Westward Gold Inc. (WG:CSE; WGLIF:OTCMKTS).
On November 13, 2024, Westward Gold Inc. (WG:CSE; WGLIF:OTCMKTS) released a technical update regarding their Toiyabe-Hills Project in the Cortez Gold Trend. The detailed press release appears primarily targeted toward major mining companies rather than retail investors.
Over the past three years, Westward Gold has consolidated a Carlin-style gold project in the region. This project is in the Cortez Gold Trend and named the Toiyabe-Hills Project.
Recent data analysis led to a shift in exploration focus, with the company presenting evidence suggesting they've identified the potential source of the area's gold mineralization.
The technical team includes VP Exploration Rob Edie and advisor Steve Koehler, who previously developed a 5-million-ounce gold resource at Gold Standard Ventures' southern Carlin Trend project, which sold for $250 million. Kelly Cluer, former lead geologist for Kinross in Nevada, has also joined the team. Together, they have been involved with twelve Carlin-style gold deposits.
The team has identified the previously undrilled Campfire target, which spans across the recently consolidated Toiyabe, Turquoise Canyon, and East Saddle properties.
Their analysis indicates that the gold-rich lower plate rocks may be accessible at approximately 150 meters depth, compared to 600-715 meters at nearby discoveries. The Toiyabe District displays geological, structural, and hydrothermal alteration patterns that align with documented characteristics of Carlin gold deposits in the Carlin and Cortez Districts.
The company currently has approximately $1 million in funding. While this budget constraints deeper drilling programs, it could support initial testing of the shallow lower plate rocks. Deep 1,000-meter holes, estimated at $1 million each, would likely require major mining company involvement, however, positive assays may bring life into the shares.
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Bob Moriarty:, or members of my immediate household or family, own securities of: Westward Gold Inc. My company has a financial relationship with Westward Gold Inc. I determined which companies would be included in this article based on my research and understanding of the sector.Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.For additional disclosures, please click here.