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Figure 1: The Evolution of Westward’s Toiyabe Hills Property
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Figure 2: Addition of East Saddle Extension
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Note: Windows shown in Figure 2 indicate a total of three third-party claim inliers (two of which are in the ES Extension block).
A confluence of several prospective geologic features pointed towards the strategic importance of acquiring the ES Extension ground – including stratigraphy, structure, geochemistry, and geophysics. The Hilltop Corridor, a structural feature based upon interpretations of the horizontal gradient of gravity, also contains elevated gold and
At surface, the ES Extension is made up of upper-plate siliciclastic units of the Vinini and Valmy Formations and an 850 m by 500 m exposure of lower-plate Wenban Formation (see Figure 3 below), one of the most important stratigraphic units for hosting gold in the region. Through drillhole re-logging efforts and interpretation of regional stratigraphy, Westward is highly confident that prospective host rocks lie beneath the upper-plate siliciclastic rocks across the ES Extension ground. There is a strong probability that the entire carbonate host section is intact beneath this cover, allowing the Company the opportunity to explore for mineralization that has not been thinned-out by erosion. Evidence for a reasonable depth to host rocks is supported by detailed Induced Polarization (“IP”)–Resistivity profiles immediately north of the new ES Extension block, as interpreted by Mr.
Figure 3: ES Extension – Stratigraphic, Structural, and Geophysical Evidence for Potential Gold Deposition
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Surface rock-chip and soil samples collected by Westward in late 2023 identified several trends of geochemical anomalies vectoring towards the newly-acquired ES Extension (refer to the Company’s press release dated
Figure 4: ES Extension – Geochemical Evidence for Potential Gold Deposition
Note: Left Image Heat Map Shows Arsenic-in-Soils / Right Image Heat Map Shows Antimony-in-Soils
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2024 Field Season Update
1:5000 scale Anaconda-style folio mapping of the
Qualified Person
The technical information contained in this news release was reviewed and approved by
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Chief Financial Officer
+1 (604) 828-7027
andrew@westwardgold.com
www.westwardgold.com
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This news release contains or incorporates by reference “forward-looking statements” and “forward-looking information” as defined under applicable Canadian securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes, or developments that the Company expects to occur are, or may be deemed, to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "expect", "believe", "anticipate", "intend", "estimate”, “potential”, “on track”, “forecast", "budget", “target”, “outlook”, “continue”, “plan” or variations of such words and phrases and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved or the negative connotation of such terms.
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Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company’s properties; the effect of changes in commodity prices; regulatory risks that development of the Company’s material properties will not be acceptable for social, environmental or other reasons, availability of equipment (including drills) and personnel to carry out work programs, that each stage of work will be completed within expected time frames, that current geological models and interpretations prove correct, the results of ongoing work programs may lead to a change of exploration priorities, and the efforts and abilities of the senior management team. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. These and other factors may cause the Company to change its exploration and work programs, not proceed with work programs, or change the timing or order of planned work programs. Additional risk factors and details with respect to risk factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this news release are set out in the Company’s latest management discussion and analysis under “Risks and Uncertainties”, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations, and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.
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