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Nighthawk Gold Corp.
Summary
| Project: | Indin Lake | |
|---|---|---|
| Deposit: | Colomac | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-6-2017: Nighthawk Gold Corp. announces an Exploration/Drilling Update report for its Colomac deposit at the Indin Lake project. Drilling results incl. 26.05m @ 2.16g/t Au from 202.70m. Toronto, Ontario, June 8, 2017 – Nighthawk Gold Corp. (“Nighthawk” o | |
| 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, June 8, 2017 – Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX: NHK) is pleased to report initial drill results from eight holes (2,658 metres) on its Colomac Gold Project located within its Indin Lake Gold Property, Northwest Territories, Canada. Drilling focused on two zones along the Colomac sill, Zone 1.5, and Zone 2.0 (see Table 1; Figures 1, 2 and 3). All holes have returned broad intercepts of mineralization highlighted by Zone 1.5 intersections where C17-04B cut 50.30 metres of 2.58 grams per tonne (“gpt”) gold (“Au”), including 23.70 metres of 4.78 gpt Au, and including 10.20 metres of 10.14 gpt Au. Drilling continues to support the zone’s consistency and continuity of mineralization, and true widths up to 50 metres, that characterize its high-grade nature. Zone 1.5 maintains a steep to sub vertical plunge to the north and has now been traced to a vertical depth of 300 metres and remains open. The 2017 drill program is targeting 25,000 metres of drilling with three drills now active, focused on further expanding the high-grade gold mineralization at Zone 1.5 down plunge and to the north, which was delineated late last year (see press release dated October 12, 2016). Additional drilling will continue to explore for other high-grade opportunities throughout the Colomac sill and the Goldcrest sill, which lies parallel to and west of the Colomac sill. Drilling reinforced the consistency and continuity of mineralization within the zone, and the zone has been traced to a depth of 300 metres, and remains open. | |
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