Westward Gold Identifies Deep Magnetic Feature in Footwall of Hilltop Corridor & Consolidates Additional Land at the Toiyabe Hills Property,
Westward Gold Identifies Deep Magnetic Feature in Footwall of Hilltop
Corridor & Consolidates Additional Land at the Toiyabe Hills Property,
Nevada
Property-wide drone magnetic survey flown at the end of 2025 indicates a buried intrusive centre near the
previous northern boundary of Toiyabe Hills
Intrusions of this geophysical nature and geologic setting are key features of the largest Carlin-style gold
camps in Nevada; the Company immediately identified and secured available ground to the north
The new findings explain mapped and logged thermal alteration in and around Campfire and the SSD Zone,
both of which are priority targets slated for additional drilling in 2026
Vancouver, British Columbia , March 26, 2026 – Westward Gold Inc. (CSE: WG, OTCQB: WGLIF, FSE: IM50)
(“Westward” or the “Company”) is pleased to announce the discovery of 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 ( “Toiyabe Hills” , or the “Property”). This new revelation marks a significant development in the
understanding of the Property, and the Company has since expanded its land position northwards 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
towards 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 (CEO), Dr. Quinton Hennigh (Chairman), Kelly Cluer
(Director), Robert Edie (VP Exploration), and Steve Koehler (Technical Advisor), is available here:
https://youtu.be/KfFsUHC33S0
In the discussion, Dr. Quinton Hennigh notes: “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 & Interpretations:
At t he end of the 2025 field season, MWH Geo -Surveys International Inc. of Reno, NV ( “MWH”) 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 Mr. Jim Wright of J.L. Wright Geophysics in Spring Creek, NV,
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. Figure 1 below shows total magnetic
intensity (TMI) and combines 2025 MWH magnetic data with inherited legacy data collected via fixed-wing surveys
in the 1980s and 1990s by Pearson, deRidder and Johnson (“PRJ”) of Lakewood, CO. A step-out 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.
Figure 1: Total Magnetic Intensity – Toiyabe Hills & Surrounding Area
Note source for geologic map underlying magnetic data (Figure 1, right hand side): Colgan, J.P., Henry, C.D., and John, D.A., 2011, Geologic
map of the Caetano Caldera, Lander and Eureka counties, Nevada: Nevada Bureau of Mines and Geology Map 174, scale 1:75,000, 10 p.
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 (see Figure
2 below) . This led to the identification of a compelling cluster of short, linear magnetic highs cent red 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
datasets. The dike swarm and surrounding area is a focal point for intrusive activity, and includes portions of the
Company’s 2026 drill targets at the SSD Zone and Campfire.
Figure 2: Residual Magnetics, Qualitative Interpretation (J.L. Wright Geophysics, 2026)
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%-owned fully-contiguous land position is now comprised of 1,015 claims covering approximately
84 square kilometres (see Figures 3 and 4 below). 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.
Figure 3: Evolution of Westward’s Toiyabe Hills Property
Figure 4: Toiyabe Hills & Surrounding Area (Top – Looking NNE, Bottom – Looking South)
In addition to the aforementioned step-out 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 dataset), 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
o 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 upcoming gravity survey and other systematic mapping
campaigns will facilitate identification of zones where Paleozoic carbonate rocks lie at shallow
depths.
o 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 pre-date Westward) is
an advantage that will greatly benefit upcoming mapping and sampling efforts.
Qualified Person
The technical information contained in this news release was reviewed and approved by Robert 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
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.
For further information contact:
Andrew Nelson
Chief Financial Officer
Westward Gold Inc.
+1 (604) 828-7027
www.westwardgold.com
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The
Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
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.
Such statements include, but may not be limited to, information as to strategy, plans or future financial or
operating performance, such as the Company’s expansion plans, project timelines, expected drilling targets , and
other statements that express management’s expectations or estimates of future plans and performance.
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 t he 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.