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Headwater soars on Newcrest deal

Australian gold major Newcrest Mining has signed four separate option and earn-in agreements with Canadian junior Headwater Gold which will see it spend up to US$145 million on US gold projects.

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Headwater's Spring Peak project in Nevada

Newcrest will have an option to acquire up to a 75% interest individually in each of Headwater's Mahogany project in Oregon and Agate Point, Midas North and Spring Peak projects in Nevada for