01:59:30 EDT Thu 23 Sep 2021
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Nighthawk Gold Corp (3)
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Shares Issued 51,391,500
Close 2021-03-11 C$ 1.07
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Nighthawk Gold hopes to complete Tlicho Highway by fall

2021-03-11 09:13 ET - News Release

Mr. Keyvan Salehi reports


Nighthawk Gold Corp. has provided an update on the Tlicho Highway project (TASR), a permanent 97-kilometre two-lane gravel highway on a former winter road alignment from Highway 3, roughly 40 kilometres (km) south of Behchoko to the community of Whati, NWT, Canada.

Keyvan Salehi, president and chief executive officer, commented: "The commitment of the federal, territorial and the Tlicho government on this infrastructure project and their progress to date is very encouraging. Based on the anticipated timeline of construction, the road is scheduled to be completed and open to the public by the fall of this year. This new all-season road will provide the citizens of the Tlicho Nation with transportation efficiencies to reduce the cost of living within the region and foster social opportunities by linking the more remote communities such as Whati. As well, this will ultimately result in better winter road access to our Indin Lake gold property. The continuation of an all-season road, through our property to the community of Wekweeti, is a logical next step and something that we will strive to advocate for as we continue to advance our assets."

TASR Highway project information and updates

Construction of the TASR commenced in September, 2019, and is scheduled to be completed and open to the public by the fall of 2021. The road construction is being funded through a public-private partnership, with the federal government providing 25 per cent of the capital costs. The remainder is being funded by the government of the Northwest Territories, which is working in partnership with the Tlicho government to advance the project.

Construction milestones achieved prior to the winter break are outlined below:

  • 97 kilometres of right-of-way clearing and embankment construction completed;
  • 48 bridge piles installed and three out of four bridges competed (construction of La Martre, Unnamed and Duport bridges completed, with work on the James Creek bridge to conclude this year).

Construction activities will resume in spring 2021.

About Nighthawk Gold Corp.

Nighthawk is a Canadian-based gold exploration company with 100-per-cent ownership of a district-scale land position within the Indin Lake greenstone belt, located approximately 200 kilometres north of Yellowknife, NWT, Canada. Within this largely underexplored Archean gold camp, the company has identified a number of high-priority targets all centred around a growing multimillion-ounce deposit. These targets lie within large regional deformation zones that are pregnant with gold mineralization and are known to host significant deposits which warrant additional exploration and follow-up. The main goals and objectives over the next 12 to 24 months will be to carry out aggressive exploration to support resource expansion opportunities, as well as to foster new, near-surface discoveries that support the global resource base.

The company has an experienced and dedicated team with a record of successfully advancing projects and is well financed and supported to complete its goals and objectives.

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