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Nighthawk Gold Corp.
Summary
| Project: | Indin Lake | |
|---|---|---|
| Deposit: | Colomac | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2017: Nighthawk Gold Corp. announces an Exploration/Drilling Update report for its Colomac deposit at the Indin Lake project. Drilling results incl. 235.05m @ 0.99g/t Au from 568.20m. Toronto, Ontario, September 18, 2017 – Nighthawk Gold Corp. (“Nigh | |
| Resources: | (Resource, Inf.): 39.8Mt @ 1.64g/t Au for 2.1Moz Au contained at project | |
| CP/QP: | [Overall Report]: Michael Byron (Internal) | |
| ABSTRACT: | Toronto, Ontario, September 18, 2017 – Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX: NHK; OTCQX: MIMZF) is pleased to report assay results for nine holes from its wholly owned Colomac Gold Project located within its Indin Lake Gold Property, the Northwest Territories, Canada. As the 2017 exploration program nears completion, drilling continues to expand high-grade gold Zone 1.5, and confirms the presence of strong mineralization within the gap between Zone 1.5 and its neighbouring Zone 2.0 to the south (see Table 1; Figures 1 to 4). Amalgamation of these two zones would outline a domain of continuous gold mineralization from surface to 600 metres at depth and upwards of 400 metres in strike and remains open. Latest drilling to depth has delivered a three-fold expansion of the mineralized true width of Zone 1.5 over previously reported shallower intercepts. This magnitude of increase opens vast new areas of the sill for exploration. Just over 13,000 metres of the 26,000 metre program have now been reported with all holes intersecting gold mineralization. Dr. Michael Byron, President and CEO commented, “Broad intercepts of continuous gold mineralization continue to be a dominant characteristic of the Colomac deposit. High-grade zones like Zone 1.5 develop in regions of the sill where disruption (fracturing) of the host rock is greatest, providing an optimized depositional environment for gold. Given the massive mineralized state of the sill, it’s not surprising that sites representing enhanced fluid pathways for mineralization may host higher-grade domains. The identification and drilling of these targets remains our focus at Colomac. | |
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