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HeadWater Gold gives Newcrest Mining Earn-In option to four projects, with potential expenditures of US$145 million, and receives strategic equity investment

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HeadWater Gold (CSE:HWG) (OTCQB:HWAUF) gives Newcrest Mining Earn-In option to four projects, with potential expenditures of US$145 million, and receives strategic equity investment. During the staged earn-in phase, Newcrest will have the right to earn up to a 65% interest individually in each of the four Projects by sole funding exploration expenditures, inclusive of the respective Minimum Commitment, of US$55,000,000 on the Spring Peak Project, US$30,000,000 on the Agate Point Project, US$30,000,000 on the Mahogany Project, and US$30,000,000 on the Midas North Project over a 6-year period.

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