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Nighthawk Gold Corp.
Summary
| Project: | Indin Lake | |
|---|---|---|
| Deposit: | Colomac | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-8-2018: Nighthawk Gold Corp. announces an Exploration/Drilling Update report for its Colomac deposit at the Indin Lake project. Drilling results incl. 17.25m @ 2.0g/t Au from 81.25m. Toronto, Ontario, August 08, 2018 – Nighthawk Gold Corp. (“Nighthawk” | |
| Resources: | 50.35Mt @ 1.62g/t Au for 2.613Moz Au contained at Colomac | |
| CP/QP: | [Overall Report]: Michael Byron (Internal) | |
| ABSTRACT: | Toronto, Ontario, August 08, 2018 – Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX: NHK; OTCQX: MIMZF) is pleased to report drill results from eleven recently completed holes at the Grizzly Bear deposit (“Grizzly Bear”), one of five deposits that comprise Nighthawk’s 100% owned Colomac Gold Project (“Colomac”). All holes intersected gold mineralization including several broad zones which remain open to depth, highlighted by hole GB18-02 which returned 6.25 metres of 4.04 grams per tonne gold (“gpt”, “Au”), including 2.50 metres of 7.78 gpt Au, and 1.50 metres of 9.06 gpt Au; and hole GB18-02B which returned 17.25 metres of 2.00 gpt Au, including 4.50 metres of 5.13 gpt Au. In 2017 the Company drilled two holes into the central portion of the deposit to undercut historical higher-grade intervals and intersected 12.60 metres of 4.96 grams per tonne gold (“gpt” “Au”), including 8.00 metres of 7.32 gpt Au, and 4.00 metres of 13.40 gpt Au (see press release dated January 17, 2018), giving credibility to the deposit’s potential and laying the ground work for the 2018 campaign which has focused on expansion potential to depth and along strike beyond known historical shallow intersections. Dr. Michael Byron, President and CEO commented, “Drilling to-date has largely focused on the Colomac Main sill which contains the majority of the ounces in the current resource estimate. The smaller and lessor known Grizzly Bear accounts for about 1% of the total contained ounces; however, its historical higher-grade gold intercepts remain unexplored, and given its shallow nature and proximity to the Colomac Main sill, we consider it as a promising candidate for resource expansion. Grizzly Bear is not a silicified competent sill like the Colomac Main and Goldcrest sills, | |
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