Headwater Gold (CSE: HWG) says its exploration permit on the Spring Peak project in Nevada has been selected as part of the FAST-41 program, a US federal initiative designed to streamline approvals for vital infrastructure related to mining projects.
In a press release on Monday, the Canadian-listed gold junior confirmed that the exploration project, referred to as the Burnt Rock Plan of Operations, will now appear on the FAST-41 project dashboard. This inclusion would provide for “transparent and efficient regulatory review and predictable permitting timelines” for the Spring Peak gold exploration project, Headwater said.
Shares of Headwater Gold rose by nearly 5% on Tuesday following the announcement, giving the Vancouver-based company a market capitalization of C$47.4 million ($33.8 million).
Newmont-funded exploration
Exploration at Spring Peak is being funded by Newmont (NYSE, ASX: NEM),…
