Headwater Gold Inc. announced the commencement of an approximate 3,500 metre maiden drill program on its Midas North project, Nevada. Drilling is fully funded by Newcrest Mining Limited pursuant to the option and earn-in agreement announced on August 16, 2022. Approximately 3,500 m of initial drilling is planned, utilizing a combination of reverse circulation and diamond core drilling; The Midas North project hosts a large, un-drilled epithermal alteration cell in the northern Midas District, approximately 13 km north of Hecla Mining Company's past-producing Midas Mine; The goal of the program is to drill multiple structural targets at depth in the inferred epithermal boiling zone and test for the presence of high-grade gold and silver mineralization; and Midas North represents the fourth drill program of 2023 across the Headwater portfolio.