For thousands of other reports visit RSC's Mineral Intellingence Map
Nighthawk Gold Corp.
Summary
| Project: | Indin Lake | |
|---|---|---|
| Deposit: | Colomac, Goldcrest | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/21/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-12-2016: Nighthawk Gold Corp. announces an Exploration/Drilling Update report for its Colomac, Goldcrest deposit at the Indin Lake project. Drilling results incl. 26.05m @ 2.16g/t Au from 202.70m. Toronto, Ontario, December 21, 2016 - Nighthawk Gold Co | |
| 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, December 21, 2016 - Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX Venture: NHK) is pleased to report final drill results from its summer 2016 program on the Colomac Gold Project, Northwest Territories (“NWT”) (Figure 1 | Table 1 and 2). The Company has now released results on 8,400 metres (34 holes) of drilling that successfully delineated recently discovered high-grade gold Zone 1.5 (September 13, 2016; October 12, 2016,), highlighted by 52.07 metres (“m”) of 7.72 grams per tonne (“g/t”) gold (uncut), and 72.65 m of 5.58 g/t gold (uncut | Figure 2), and tested other potential high-grade prospects including Zone 2.5 (November 24, 2016) highlighted by 57.00 m (37.00 m true width) of 1.47 g/t gold, including 13.50 m of 2.82 g/t gold; and Zone 1.0 highlighted by 55.95 m (40.00 m true width) of 1.09 g/t gold, including 9.00 m of 2.36 g/t gold. Today’s results report on testing the high-grade potential of Zone 3.0, and resource expansion drilling at Goldcrest (Figure 1). The last nine holes (2,430 m) of the summer 2016 drill program are presented in Tables 1 and 2 below. “Consistent positive results strengthen our belief that Colomac will continue to deliver numerous opportunities for expansion of known high-grade zones, and overall resource growth,” said Dr. Michael Byron, President and CEO. “Current drilling has effectively extended Zone 3.0 northward towards less defined Zone 2.5, emphasizing the zone’s untapped potential for resource expansion and high-grade zone development laterally and to depth. Goldcrest hole G16-10 confirms continuity to depth of a previously reported gold zone, while G16-07 has intersected yet another zone of broad, potentially high-grade, gold mineralization of underexplored extensions. We are particularly excited to resume drilling at Zone 1.5, trace it to depth and test for the potential coalescence of high-grade Zones 2.0 and 1.5, a priority target area, that if proven, would become the deposits largest zone and host significant ounces of higher grade mineralization,” added Dr. Byron. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report