05:12:56 EDT Fri 27 Mar 2026
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Westward Gold Inc
Symbol WG
Shares Issued 229,258,083
Close 2026-03-26 C$ 0.09
Market Cap C$ 20,633,227
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Westward identifies deep igneous stock at Toiyabe Hills

2026-03-26 17:28 ET - News Release

Mr. Colin Moore reports

WESTWARD GOLD IDENTIFIES DEEP MAGNETIC FEATURE IN FOOTWALL OF HILLTOP CORRIDOR & CONSOLIDATES ADDITIONAL LAND AT THE TOIYABE HILLS PROPERTY, NEVADA

Westward Gold Inc. has discovered a deep-seated igneous stock, as indicated by a magnetic survey, near the former northern boundary of its Toiyabe Hills property in Lander county, Nevada. This new revelation marks a significant development in the understanding of the property, and the company has since expanded its land position northward to cover additional ground over and adjacent to the concealed magnetic intrusion (the Threemile stock), which is situated at depth in the footwall of a district-scale north-south structural corridor and mineralization control (the Hilltop corridor). The recently interpreted magnetic data also highlighted major dike swarms that vector toward the Threemile stock, which explains their presence and suggests the igneous features are connected at depth. Deep-seated magnetic intrusions of this character, in close association with felsic to lamprophyric dike swarms, form an igneous centre. This unique structural setting is a key component of the largest Carlin-style gold camps in Nevada, including the Goldstrike, Pipeline and Cortez complexes. Additional work is planned over the coming weeks and months to more precisely define the geometry and characteristics of the Threemile stock.

A roundtable video discussion featuring Colin Moore (chief executive officer), Dr. Quinton Hennigh (chairman), Kelly Cluer (director), Robert Edie (vice-president, exploration) and Steve Koehler (technical adviser), is available on-line.

In the discussion, Dr. Hennigh noted: "We have the ground all the way up to the southern edge of the Caetano, and now we have evidence of an intrusion in that neighbourhood. This is getting very interesting. If anything, I think the recent work we've done -- and the recognition that we made here -- is going to make the company going forward."

2025 drone magnetic survey and interpretations

At the end of the 2025 field season, MWH Geo-Surveys International Inc. of Reno, Nev., completed a property-wide drone magnetic survey, flown at 50-metre line spacings and an average altitude of 48 metres. The data acquired were then processed and analyzed by Jim Wright of J.L. Wright Geophysics in Spring Creek, Nev., a renowned geophysicist with over 40 years of expertise within the Carlin and Cortez districts of northern Nevada. The major findings included an interpreted deep-seated igneous stock near the northern boundary of Toiyabe Hills, intruded into the footwall of the Hilltop corridor. Observations consistent with a thermal aureole -- evidently, the peripheral effects of the Threemile stock -- had previously been made by the company at the property, with hornfels alteration mapped at surface and logged in nearby drill holes. A stepout drone magnetic survey by MWH -- to be completed imminently -- will improve upon the legacy PRJ data to the north and more precisely define the dimensions and character of the Threemile stock.

The MWH drone survey defines a complex magnetic landscape; the interpretation relied on residual magnetics to remove much of the regional slope -- allowing for recognition of smaller-amplitude features in the data. This led to the identification of a compelling cluster of short, linear magnetic highs centred in the northern portion of the coverage, interpreted to be dikes. In the centre of the survey's north area, there is also an interesting east-west-oriented intrusive response, proximal to areas of interest as indicated by several other data sets. The dike swarm and surrounding area are a focal point for intrusive activity and include portions of the company's 2026 drill targets at the SSD zone and Campfire.

2026 land expansion

With results from the 2025 drone magnetic survey in hand, the company identified additional available ground proximal to the Threemile stock and along strike of the Hilltop corridor. As soon as weather conditions allowed, 168 unpatented mining claims administered by the U.S. Bureau of Land Management (BLM) were staked; Westward's 100-per-cent-owned fully contiguous land position now comprises 1,015 claims covering approximately 84 square kilometres. These new claims are not subject to any underlying royalties or obligations, with the exception of annual maintenance fees payable to the BLM and Lander County.

In addition to the aforementioned stepout drone magnetics survey to be completed in short order, the new land will also be subject to the company's standard suite of baseline systematic exploration programs over the coming weeks and months. This will include a gravity survey (to tie into the current property-wide data set), soil and rock-chip sampling programs, and detailed Anaconda-style geologic and alteration mapping. In addition to the findings of the drone magnetics survey, Westward's investigation of historical data and literature on the area suggests it is prospective for Carlin-type gold exploration:

  • Geologic models indicate the edge of the Caetano caldera displays attractive exploration characteristics, yet is historically poorly understood:
    • Geologic mapping has suggested potential areas where lower-plate carbonate rocks (Paleozoic limestones) crop out at surface -- with Eocene volcanic rocks having been eroded away. Post-Eocene uplifts, with multiple episodes of tectonic and magmatic activity, are prime settings for larger Carlin-type gold systems. The coming gravity survey and other systematic mapping campaigns will facilitate identification of zones where Paleozoic carbonate rocks lie at shallow depths.
    • Legacy samples and sketch mapping over the newly staked ground indicate hornfels and other calc-silicate alteration zones, in addition to altered dikes.
  • The new claims cover mapped historical mining prospects, in addition to apparent legacy drilling of a colour anomaly that spans Paleozoic sedimentary rocks and Tertiary volcanic rocks.
  • The presence of old road cuts and trenches on the ground (from companies that predate Westward) is an advantage that will greatly benefit coming mapping and sampling efforts.

Qualified person

The technical information contained in this news release was reviewed and approved by Mr. Edie, vice-president, exploration, of the company, who is a qualified person under National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Edie is a certified professional geologist (CPG) through the American Institute of Professional Geologists (AIPG).

About Westward Gold Inc.

Westward Gold is a mineral exploration company focused on developing the Toiyabe Hills project located in the Cortez trend area of Lander county, Nevada, and the Coyote and Rossi projects, located along the Carlin trend in Elko county, Nevada. From time to time, the company may also evaluate the acquisition of other mineral exploration assets and opportunities.

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