202611 releases
Westward Gold Announces Upsizing of Non-Brokered Private Placement Financing to C$12M
A previously announced non-brokered private placement has been upsized to up to 48,000,000 units at C$0.25 per unit for gross proceeds of up to C$12,000,000, with each unit comprising one common share and one-half warrant exercisable at C$0.40 for 24 months. Crescat Capital and Concept Capital intend to subscribe for combined gross proceeds of $2,800,000, taking 7,200,000 and 4,000,000 units respectively. Proceeds will fund drilling and related work at the Toiyabe Hills Property in Nevada, cash bonding and working capital.
FinancingWestward Gold Announces $5M Non-Brokered Private Placement Financing, with a Combined $2.5M in Lead Orders from Top Shareholders Crescat Capital LLC & Concept Capital Management Ltd.
A non-brokered private placement of up to 20,000,000 units at C$0.25 per unit for gross proceeds of approximately C$5,000,000 is planned, each unit comprising one common share and one-half warrant exercisable at C$0.40 for 24 months. Crescat Capital intends to subscribe for 6,000,000 units ($1,500,000) and Concept Capital Management for 4,000,000 units ($1,000,000). Proceeds will fund drilling and other work at the Toiyabe Hills Property on Nevada's Cortez Trend, increased BLM cash bonding, and working capital.
FinancingWestward Gold Drills 34.9 Metres of 2.91 g Au/t Including 4.1 Metres of 16.15 g Au/t in Hole T2602 at the SSD Target, Toiyabe Hills Property, Nevada
Core hole T2602 at the SSD Target on the Toiyabe Hills Property in Lander County, Nevada returned 34.9 metres of 2.91 g Au/t, including 4.1 metres of 16.15 g Au/t, hosted in silty limestone of the Wenban Formation. T2601 and T2602 were drilled to total depths of 123 and 116 metres and confirmed a lamprophyre-filled fault corridor. The first RC hole, T2603, was completed to 396.2 metres, with four additional deep RC holes planned.
Drill resultsWestward Gold Drills 12.0 Metres of 8.06 g Au/t within 27.0 Metres of 3.72 g Au/t in Hole T2601 at the SSD Target, Toiyabe Hills Property, Nevada
Core hole T2601 at the SSD Target, Toiyabe Hills Property, Lander County, Nevada intersected 12.0 metres of 8.06 g Au/t within 27.0 metres of 3.72 g Au/t in micrite and silty limestone of the Wenban Formation, with the higher-grade interval controlled by a high-angle fault zone. The hole was drilled to approximately 123 metres total depth. A deep-capacity RC rig has arrived and is drilling T2603; results from core hole T2602 are pending. Westward also engaged Senergy Communications Capital for four months of digital marketing services for C$100,000.
Drill resultsNews Release — August 6, 2026Read →
Davidson & Company LLP has been appointed auditor of Westward Gold Inc. after Smythe LLP resigned at the Company's request on August 5, 2026, with the Board resolving to appoint Davidson as successor. The resignation did not involve any reportable disagreement or unresolved issue, and there were no modified opinions in Smythe's audit reports for the relevant period. Westward holds the Toiyabe Hills Project in Lander County and the Coyote and Rossi Projects in Elko County, Nevada.
NewsWestward Gold Intersects 13.4 Metres of 6.55 g Au/t within 34.8 Metres of 2.84 g Au/t in Trenching at the SSD Target, Toiyabe Hills Property, Nevada
Trenching at the SSD Target on the Toiyabe Hills Property in Lander County, Nevada returned 13.4 metres of 6.55 g Au/t within 34.8 metres of 2.84 g Au/t, with individual samples up to 17.90 g Au/t. Five gold zones were identified in the 177-metre trench, part of a 468-metre program, using a 0.14 g Au/t cut-off. Two shallow core holes (T2601, T2602) are pending assays, and the first of two reverse-circulation rigs is expected within days.
Drill resultsWestward Gold Details Drilling Plans at El Segundo Target, Toiyabe Hills Property, Nevada
Phase I drilling at the El Segundo target on the Toiyabe Hills Property in Lander County, Nevada will test eight permitted pads with roughly 6,000 metres of RC and core drilling, an area with no historical drilling. Support includes rock-chip samples up to 1.6 g Au/t and 589 ppm Sb, gravity, airborne magnetic and a 10 line-kilometre CSAMT survey. Hole ES2601 is drilling at 145 metres toward a planned 600+ metres. Westward also engaged Emerging Markets Consulting for US$150,000 over 90 days and Hillside Consulting and Media for C$45,000 over one week.
Drill resultsWestward Gold Announces Grant of Stock Options & RSUs
An aggregate of 3,750,000 stock options and 3,750,000 restricted share units have been granted to Westward Gold's Board of Directors and management, as approved by the Compensation and Corporate Governance Committee. The options vest immediately and are exercisable at C$0.12 per common share for five years from the date of grant, with a four-month hold period on shares issued upon exercise. The RSUs vest 50% at 12 months and 50% at 24 months from the grant date.
CorporateWestward Gold Announces Commencement of Drilling & Provides Update on Field Activities at the Toiyabe Hills Property, Nevada
Core drilling has begun at the SSD Target on the Toiyabe Hills Property in Lander County, Nevada, with two RC rigs from National EWP and Legacy Drilling to follow later in the year; SSD is one of three zones slated for drilling in 2026. A 468-metre trenching program at SSD was completed, and 1:5000 Anaconda-style mapping has extended the SSD alteration footprint north and northeast. Geochemical sampling and airborne magnetic, CSAMT and gravity surveys are at various stages, with results pending.
Drill resultsWestward Gold Inc. Invites Shareholders and Investment Community to visit us at Booth 305 at the VRIC in Vancouver, January 25-26, 2026
Westward Gold will exhibit at Booth #305 at the Vancouver Resource Investment Conference, held at the Vancouver Convention Centre West in Vancouver on Sunday January 25 to Monday January 26, 2026. The company is a Carlin-type gold explorer focused on the Toiyabe Hills Project in the Cortez Trend area of Lander County, Nevada, and the Coyote and Rossi Projects along the Carlin Trend in Elko County, Nevada.
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