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Nighthawk Gold Corp.
Summary
| Project: | Indin Lake | |
|---|---|---|
| Deposit: | Colomac | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-10-2016: Nighthawk Gold Corp. announces an Exploration/Drilling Update report for its Colomac deposit at the Indin Lake project. Drilling results incl. 72.65m @ 5.58g/t Au from 232.60m. Toronto, Ontario, October 12, 2016 – Nighthawk Gold Corp. (“Nighth | |
| Resources: | (Resource, Inf.): 39.815Mt @ 1.64g/t Au for 2.101Moz Au contained at project | |
| CP/QP: | [Overall Report]: Michael Byron (Internal) | |
| ABSTRACT: | Toronto, Ontario, October 12, 2016 – Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX Venture: NHK) today announced that recent drilling has defined the near surface boundaries and dimensions of Zone 1.5, and accordingly, supports the existence of constrained high-grade domains within the Colomac mineralized system. Nighthawk previously reported results from step-out drilling at this newly discovered zone (see September 13, 2016 news release) where C16-03 intersected 52.07 metres (40 metres true width) of 7.72 g/t gold, including 25.47 metres of 14.25 g/t gold, and including 12.35 metres of 9.58 g/t gold. Today’s results show that the zone continues uninterrupted down plunge and supports its continuity of mineralization to depth, as C16-03B cut 72.65 metres (50 metres true width) of 5.58 g/t gold, including 17.80 metres of 17.72 g/t gold, 100 metres below the C16-03 intersection (Figures 1, 2, 3 | Table 1). From initial drill start-up (see July 5, 2016 news release) to program conclusion in late September, 34 drillholes (8,390 metres) were laid out to help delineate Zone 1.5, test for other higher-grade prospects within the Colomac and Goldcrest sills, and to target near-surface resource expansion opportunities. Results from 8 drillholes (1,955 metres) are presented in Tables 1 and 2 below. Outside of Colomac, Nighthawk has advanced several other highly prospective targets throughout its vast Indin Lake land package. Ongoing regional prospecting and mapping programs have been effective in that process and in identifying exciting new prospects. Results from that work will be summarized in upcoming news releases. | |
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