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Nighthawk Gold Corp.
Summary
| Project: | Indin Lake | |
|---|---|---|
| Deposit: | Colomac | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-1-2020: Nighthawk Gold Corp. announces an Exploration/Drilling Update report for its Colomac deposit at the Indin Lake project. Drilling results incl. 105.00m @ 1.35g/t Au from 243.75m. Toronto, Ontario, January 7, 2020 – Nighthawk Gold Corp. (“Nighthaw | |
| 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, January 7, 2020 – Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX: NHK; OTCQX: MIMZF) is pleased to report drill results from seven holes (2,676 metres) recently completed within high-grade Zone 3.5 and the southern area of Zone 3.0, part of the Colomac Gold Project (“Colomac”) centrally located within its Indin Lake Gold Property, Northwest Territories, Canada. Zone 3.5 is located within the southern portion of the Colomac Main sill (Figure 1) and represents one of the better-defined higher-grade areas. Current drilling focused on expansion and infill drilling in areas within Zone 3.5’s down-plunge extension to the north and testing the underexplored southern region of Zone 3.0 located immediately north of Zone 3.5. Results to-date have confirmed that the mineralized sill shows a distinct widening to depth at Zone 3.5, and that a similar expansion of the deposit’s host rock (the mineralized top of the sill) to depth may exist for upwards of 3.5 kilometres of strike to the north. Dr. Michael Byron, President and Chief Executive Officer said, “Previous drilling confirmed that the well mineralized stratigraphic top of the sill (which faces east) at Zone 1.5 and the northern part of Zone 2.0 resembles a wedge form that widens significantly to depth. Recent drilling has now confirmed that the top of the sill also appears to broaden exponentially to depth at Zone 3.5. ”Additional drilling over the 3.5 kilometres of sill that separates these two areas is expected to continue to confirm a universal widening of the mineralized portion of the intrusion to depth. Should this hold true, Colomac may become a much larger gold deposit and a stronger prospect for resource development with accelerated growth potential, as some areas have already shown expansions at depth to upwards of 3 times its near-surface true width.” | |
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