Westward Gold Inc. Updates on 2025 Drilling Campaign at Campfire Target Complex
In a series of announcements on August 11, 2025, Westward Gold Inc., a Canadian mining company listed on the Canadian National Stock Exchange, provided an update on its ongoing drilling campaign at the Campfire Target Complex, part of its flagship Toiyabe Hills Property in Lander County, Nevada. The company, which focuses on the exploration and development of gold resources, particularly in the Yukon Territory, has been making significant strides in its operations.
The updates, released through multiple sources including The Newswire, CEO.ca, and OTC Markets, highlight the progress and findings from the initial stages of the 2025 drilling campaign. Westward Gold Inc. has been actively exploring the Campfire Target Complex, aiming to enhance its understanding of the area’s geological potential.
A key highlight from the campaign is the drilling of hole CF25-02, which demonstrated vertically-extensive alteration, specifically decalcification, and tested the entirety of the Wenban Formation and the majority of the Roberts Mountains Formation. These formations are noted as the two most productive stratigraphic horizons in the district, underscoring the potential for significant gold discoveries.
The initial drilling efforts have confirmed that lower-plate strata can be accessed over the Campfire Target Complex and a substantial portion of the greater Toiyabe Hills Property using cost-effective reverse-circulation drilling. This methodological advancement suggests that Westward Gold Inc. can efficiently explore deeper geological layers, potentially unlocking new gold resources.
Hole CF25-02 was strategically collared in favorable carbonate stratigraphy, reaching a depth of 70 meters within the up-plunge expression of the Campfire Anticline. This was followed by the drilling of CF25-03, which was positioned down-plunge to the northeast of the first two holes, further expanding the exploration area and providing additional data on the geological structure.
Despite the promising developments, it’s important to note the financial backdrop against which these operations are unfolding. As of August 7, 2025, Westward Gold Inc.’s close price stood at 0.115 CAD, with a market capitalization of 25,430,000 CAD. The company’s 52-week high was 0.165 CAD, reached on June 12, 2025, while its 52-week low was 0.05 CAD, recorded on September 17, 2024. Additionally, the company’s price-to-earnings ratio was reported at -10.29, reflecting the challenges and uncertainties inherent in the mining sector.
As Westward Gold Inc. continues its exploration efforts at the Toiyabe Hills Property, stakeholders and observers alike will be keenly watching for further updates on the drilling campaign’s outcomes. The company’s focus on cost-effective exploration methods and its strategic targeting of productive stratigraphic horizons could play a pivotal role in its future success and the potential unlocking of new gold resources in the region.