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Nighthawk Gold Corp.
Summary
| Project: | Indin Lake | |
|---|---|---|
| Deposit: | Colomac | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-9-2016: Nighthawk Gold Corp. announces an Exploration/Drilling Update report for its Colomac deposit at the Indin Lake project. Drilling results incl. 52.07m @ 7.72g/t Au from 142.93m. Toronto, Ontario, September 13, 2016 – Nighthawk Gold Corp. (“Night | |
| 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, September 13, 2016 – Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX Venture: NHK) is pleased to announce initial results from its ongoing 2016 drill program on its Indin Lake Gold Property in the Northwest Territories (“NWT”) (Figure 1 | Table 1). In July 2016, the Company launched a 10,000 metre program (see July 5, 2016 news release) to advance delineation of the recently discovered high-grade gold mineralization at Zone 1.5 and to resume exploration for additional higher-grade domains, with the objective of expanding our current resource. Two drills are actively testing priority targets at both the Colomac and Goldcrest deposits. Results from 5 drillholes at Colomac Zone 1.5 are presented below. “We are extremely encouraged with our drilling at Colomac’s Zone 1.5. We have not only proven that distinct higher grade domains clearly exist at Colomac, but that they can be sizable bodies of relatively predictable geometry and great continuity. Subsequent holes will further refine our understanding and help target new opportunities as we continue to advance this multi-million ounce*, underexplored deposit.” said Dr. Michael Byron, President and CEO. “It’s also important to note that we are still in the early stages of exploration at Colomac, and that even after completion of this summer’s drilling, we will have drilled less than 25,000 metres on the deposit since its acquisition. Our summer drill program will be completed by late September followed by a winter 2017 drill program in mid-February, leading to a possible resource update by mid 2017.” commented Dr. Michael Byron. | |
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