Centerra Gold has commenced a fully funded drill program at Headwater Gold's Crane Creek Project in western Idaho, marking the first drilling at the site since the 1990s. The program includes approximately 3,000 metres of reverse circulation and core drilling, with planned exploration expenditures of about US$1.7 million toward Centerra's US$2.5 million minimum commitment under the earn-in agreement. Drilling will test shallow historical gold mineralization, explore beneath outcropping gold-bearing veins, and step out along strike from known zones, following recent geophysical work that expanded the target footprint. Historical results include intercepts such as 62.5 metres grading 1.21 grams per tonne gold, including 8.14 grams per tonne over 3.0 metres. The earn-in agreement allows Centerra to earn up to a 70% interest in the project through staged expenditures and technical milestones.
Centerra Gold IncCenterra Gold has commenced drilling at the Crane Creek Project, advancing exploration and potential resource development.
Headwater Gold benefits from Centerra's funded drill program and earn-in agreement, validating project potential and providing capital.