Key facts
| Company | Westward Gold Inc. (CSE: WG) |
|---|---|
| Commodity | Gold |
| Location | USA |
| Stage | Early exploration |
About Toiyabe Hills
The Toiyabe Hills Project is an exploration asset consisting of 6,073 hectares of public land, administered by the Bureau of Land Management (737 unpatented mining claims). Westward has developed the potential to make a significant new discovery through years of diligent land consolidation, the application of systematic field programs, geophysical surveys, and legacy data review.
News releases7 on file
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 respe
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
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
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;
Drill resultsWestward 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-
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 plan
Drill resultsWestward 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 sa
Drill results