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Nighthawk Gold Corp.
Summary
| Project: | Indin Lake | |
|---|---|---|
| Deposit: | Colomac | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/31/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-7-2019: Nighthawk Gold Corp. announces an Exploration/Drilling Update report for its Colomac deposit at the Indin Lake project. Drilling results incl. 56.25m @ 2.76g/t Au from 451.50m. Toronto, Ontario, July 31, 2019 – Nighthawk Gold Corp. (“Nighthawk” | |
| Resources: | (Resource, Inf.): 50.35Mt @ 1.62g/t Au for 2.613Moz Au contained at Colomac (Indin Lake Project) | |
| CP/QP: | [Overall Report]: Michael Byron (Internal) | |
| ABSTRACT: | Toronto, Ontario, July 31, 2019 – Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX: NHK) is pleased to provide additional drill results from the Colomac Gold Project (“Colomac”) centrally located within its Indin Lake Gold Property, Northwest Territories, Canada. Drilling was expanded to target specific high-priority areas within Zones 2.0 and 3.0 of the Colomac Main sill where thirteen holes were completed for 4,503 metres, with all holes intersecting mineralization (Table 1, Figure 1). Nighthawk’s exploration strategy has evolved since the initial drill program at Zone 2.0 (see press release dated June 20, 2012), where the focus is now on the discovery and delineation of highergrade shoots within the sill. All 38 drillholes reported to-date (12,824 metres) of the planned 35,000 metre to 40,000 metre drill program for 2019, have intersected mineralization. The success in locating and tracing new areas of higher-grade mineralization along the Colomac Main sill continues to validate the Company’s belief in the deposit’s capacity to host discrete corridors of elevated grade (typically significant widths of over 2.0 gpt with internal higher-grade cores), some of which are broad domains of contiguous mineralization along strike and to depth that remain largely unexplored. This exploration strategy has been extremely successful leading to several new discoveries and is considered crucial to resource growth going forward. | |
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