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| Nevada alone produces about 4.0 million ounces of gold every year.
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| That production level accounts for 73% of the United States’ entire annual gold production and ranks the state as fifth in the entire world for production of the yellow metal.
As one would expect, given this productivity, the deposit-hosting Carlin and Cortez Trends in northern Nevada are dominated by the industry’s majors, including Barrick, Newmont and Nevada Gold Mines (the joint venture between the two companies).
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| In this land of giants, tiny Westward Gold (WG.CN; WGLIF.OTC) has managed to secure 100% ownership of no less than six projects, four on the Cortez Trend and two on the Carlin Trend.
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| By consolidating land on both key trends, Westward has given itself a shot to make an elephant-sized gold discovery of its own, potentially sending its value soaring.
As you’re about to see, this company’s technical team has deep experience in the state and, at their flagship Toyaibe Hills project on the southwest Cortez Trend, they may be zeroing in on Nevada’s next major gold deposit.
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| The Land Of Elephants
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| The company is certainly looking for gold in the right place.
Nevada is the most prolific gold mining jurisdiction in the world, boasting the most gold production per square kilometer.
It is home to world-class deposits and four of the top 10 gold mines by production in North America. Despite having a long history of mining, the state remains ripe for new gold discoveries. It is also one of the safest jurisdictions in the world to operate in.
For all these reasons, a junior that can find a gold deposit in Nevada has an excellent chance of getting taken out by a major.
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| Westward’s Technical Team
Knows Nevada Gold
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| If you’re going to go looking for gold in Nevada, it helps to do so with a team that has found it in the past.
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Westward Gold’s technical team has been involved in over a dozen Carlin-type gold discoveries in northern Nevada.
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| Westward Gold is blessed with the services of Vice President of Exploration Rob Edie, who is supported by an advisory team of veteran minefinders including Steven Koehler, Kelly Cluer, and Richard Bedell.
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| Edie and Koehler were an integral part of the Gold Standard Ventures team that discovered five million ounces of gold along the southern Carlin Trend, culminating in the company’s sale to Orla Mining for C$250 million.
Koehler himself has amassed no less than 11 Carlin-type gold discoveries over his career as a geologist, six of which became producing mines. This notably included Cortez Hills, a jewel in NGM’s portfolio and what he believes is an apt analog for the potential at Toiyabe Hills.
Cluer recently retired after holding senior leadership positions at Kinross Gold and was co-discoverer of the high-grade Ren deposit under 800 meters of cover on the Carlin Trend.
Bedell is past president of the Geological Society of Nevada and co-founder of AuEx Ventures, credited with discovering the Long Canyon deposit which ultimately sold to Newmont for ~$2 billion.
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| In all the technical team at Westward Gold has been involved in over a dozen Nevada gold discoveries.
For this group, the signs of a Carlin-style gold deposit are a matter of pattern recognition, and they like what they are seeing on the Toiyabe Hills target.
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| An Exciting New Target At Toiyabe Hills...
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| The large, 55-square-kilometer Toiyabe Hills project consists of four properties consolidated along the southwest end of the Cortez Trend since 2021.
The project lies just 10 kilometers from some of Barrick’s/Nevada Gold Mines’ largest mines and deposits.
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Westward Gold has consolidated a key, 55-square-kilometer land package close to world-class mines on the Cortez Trend.
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| The project has a historical, indicated gold resource of 173,000 ounces at 1.2 g/t gold and lies next to the past-producing Toiyabe-Saddle Mine.
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| All that’s great, but here’s the clincher: New results just in from a multi-dataset analysis of the project has identified a prime target at Toiyabe Hills called Campfire.
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| The Campfire target is located near the intersection of three of the properties that make up Toiyabe Hills. Because Westward Gold was the first to consolidate ownership of this area, this is the first time that the Campfire target has received a coordinated analysis.
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This Campfire target cross-section demonstrates the potential for large-scale gold deposition in favourable lower-plate host rocks.
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| The target is the site of a large-scale, 1.5-kilometer by 3-kilometer alteration and geochemical footprint. Technically speaking, the Campfire Anticline is a dike-filled fold developed in favorable lower-plate rocks and its down-plunge direction trends directly to gravity anomalies.
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| In laymen’s terms, that’s precisely what you’re looking for if you’re hunting for world-class gold deposits in the Carlin trend.
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| The Westward team believes the Carlin-type geochemical plume up-plunge from gravity and ZTEM anomalies may be the surface expression of a feeder zone responsible for the majority of the Toiyabe Hills gold mineralization.
In short, this target could host a company-making, multi-million-ounce gold target.
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| Outsized Returns Possible
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| Westward will test this target with drilling next year...and in the near term will continue to deliver results from the 2024 exploration program at Toiyabe Hills over the next few months.
If the company’s technical team is right, then Campfire may well host Nevada’s next multi-million-ounce gold mine.
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| With a current market cap of just C$10 million, such a discovery would likely have an explosive impact on Westward Gold’s market value.
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| If you want to position yourself to realize maximum returns from possible gold discovery in Nevada, you’ll want to start taking a closer look at Westward Gold today.
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| CLICK HERE
To Learn More about Westward Gold Inc.
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