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Nighthawk Gold Corp.
Summary
| Project: | Indin Lake | |
|---|---|---|
| Deposit: | Colomac, Goldcrest North | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/24/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-11-2016: Nighthawk Gold Corp. announces an Exploration/Drilling Update report for its Colomac, Goldcrest North deposit at the Indin Lake project. Drilling results incl. 57.00m @ 1.47g/t Au from 172.50m. Toronto, Ontario, November 24, 2016 - Nighthawk G | |
| 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, November 24, 2016 - Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX Venture: NHK) is pleased to announce the latest results from its 2016 drill program on its Indin Lake Gold Property in the Northwest Territories (“NWT”) (Figure 1 | Table 1 and 2). Nighthawk previously reported on the discovery and delineation of high-grade gold Zone 1.5 (September 13, 2016; October 12, 2016), highlighted by intersections of 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), including 17.80 m of 17.72 g/t gold (uncut | Figure 2). The Company is now broadening its exploration targeting and drill testing other potential high-grade prospects along the seven kilometre Colomac sill and parallel Goldcrest sill 400 m to the west. Results are presented for Zones 1.0 and 2.5, two new Colomac high-grade gold zone candidates, as well as near surface resource expansion targets at Zone 3.5 and Goldcrest (Figure 1). From drill start-up (July 5, 2016 news release) to program conclusion in late September, 34 drillholes (8,400 m) were completed. Results from 12 of those holes (2,852 m) are presented in Tables 1 and 2 below. | |
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