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Project: | Indin Lake | |
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Deposit: | Treasure Island | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 10/22/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 22-10-2018: Nighthawk Gold Corp. announces an Exploration/Drilling Update report for its Treasure Island deposit at the Indin Lake project. Drilling results incl. 46.25m @ 3.31g/t Au from 117.75m. Toronto, Ontario, October 22, 2018 – Nighthawk Gold Corp. | |
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, October 22, 2018 – Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX: NHK; OTCQX: MIMZF) is pleased to report drill results on sixteen holes (4,035 metres) recently completed at its Treasure Island Gold Project (“Treasure Island”), located eleven kilometres north of Nighthawk’s Colomac Gold Project (“Colomac”), Northwest Territories, Canada (Figure 1). Drilling followed up on several shallow high-grade gold intersections previously reported from the 2011 Treasure Island program (see press release dated May 31, 2011). The recent drill program resulted in several new near surface discoveries, including a number of high-grade gold zones, and the successfull expansion of known gold zones. All sixteen holes intersected mineralization (Table 1), with visible gold reported in fourteen of them. Dr. Michael Byron, President and CEO commented, “We are very excited with the results from Treasure Island as they continue to reaffirm our original thesis behind consolidating this fertile gold camp at its early stages of evolution. The continued exploration success from our satellite targets supports our conviction that the Colomac deposit is not the only multi-million-ounce opportunity, nor the only deposit capable of hosting high-grade mineralization. Our work to date on the Damoti Lake gold deposit, the four Leta Arm gold deposits and showings (North Inca, TSX: NHK 2 Diversified, #3, and Lexindin), and now Treasure Island, has confirmed that there are many higher-grade prospects satellite to Colomac. We consider these targets as potential higher-grade feed candidates that could augment any future mining operation at Colomac. “It is incredibly telling and encouraging that to date, we have only drilled near surface mineralization, as most deposits have yet to be explored below 100 metres. Additionally, we have not fully explored the many other surface showings of high-grade mineralization that exist throughout the camp. The Indin Lake Property is a bonafide gold camp and we look forward with great anticipation to our continued exploration efforts directed at delivering on its vast potential.” | |
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