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Nighthawk Gold Corp (3)
Symbol NHK
Shares Issued 51,391,500
Close 2021-04-01 C$ 1.01
Recent Sedar Documents

Nighthawk drills 32.7 m of three g/t Au at Indin

2021-04-05 07:09 ET - News Release

Mr. Keyvan Salehi reports

NIGHTHAWK REPORTS REMAINING 2020 RESULTS FOR COLOMAC AND TREASURE ISLAND

Nighthawk Gold Corp. has released the remaining results from its 2020 exploration program on the Colomac deposit and the Treasure Island zone within its 100-per-cent-owned Indin Lake gold property (930-square-kilometre land package), located in the Northwest Territories of Canada.

Assay results from the remaining drill holes completed at Colomac (10 holes for 6,433 metres) and Treasure Island (three holes for 1,186 metres) have been received and returned significant results at both locations.

Richard Roy, vice-president, exploration, commented: "We are pleased to report on the remaining 2020 drill results at Colomac and Treasure Island. Treasure Island encountered high-grade results, where hole T20-09 returned 207.18 grams per tonne gold over 5.5 metres, including a single assay of 2,260 g/t Au over 0.5 metre. Consistent higher grade at Treasure Island remains to be demonstrated by drilling. With these recent Treasure Island results now in hand, all results to date will be compiled, analyzed and modelled in order to establish its potential to add higher-grade mineralization to the global resource base.

"The Colomac results illustrate the potential for resource growth at depth; however, drilling in 2021 will focus on further delineation of near-surface mineralization in an effort to increase the in-pit resources. The potential at depth on Colomac remains very significant, but quality near-surface targets remain untested at Colomac and will be prioritized in 2021."

Colomac:

  • Hole C20-07C was completed at zone 3.5 and returned 3.00 grams per tonne gold over 32.7 metres, supporting the continuity of the higher-grade mineralization previously obtained at depth.
  • Holes C20-14 and C20-17(17B) tested zone 2.5 at depth. Although no extensively wide intervals were obtained, hole C20-17, did return a high-grade interval of 12.36 g/t Au over 4.3 m (26.08 g/t Au uncut) including a 0.5 m sample assaying 218.00 g/t Au.
  • Holes C20-15(15B), C20-16, C20-18(18B) and C20-20 were drilled on zone 1.5 testing the depth extension of the mineralization. Significant intervals were obtained, particularly in holes C20-18B, which returned 1.67 g/t Au over 61 m (1.72 g/t Au uncut), and C20-20 returned 2.44 g/t Au over 30.25 m. These results demonstrate that zone 1.5 remains wide and well mineralized at depth, adding to the resource potential within this zone.
  • Hole C20-19 tested zone 2.0 and returned a wide intersection of 1.03 g/t Au over 64.1 m, including 2.88 g/t Au over 7.5 m. Drilling at zone 2.0 continues to encounter both extensive widths and higher-grade intervals within the mineralization.

Treasure Island:

  • The remaining three holes completed at Treasure Island (Main zone), returned significant higher-grade gold mineralization at depth, including:
    • Hole T20-07 returned 5.62 g/t Au over 3.3 m.
    • Hole T20-09 returned 4.65 g/t Au over 2.05 m and 207.18 g/t Au over 5.5 m (uncut), including a single assay result of 2,260 g/t Au over 0.5 m.
    • Hole T20-10 returned 37.59 g/t Au over 2.35 m (uncut) including a single sample of 0.5 m which assayed 80.75 g/t Au.

Note

Assay results for Colomac are cut at 50 g/t Au as per parameters identified within the 2021 mineral resource estimate. No cutting is applied to Treasure Island holes. Lengths are reported as core lengths. True widths vary depending on drill hole dip.

                           COLOMAC DRILL RESULTS -- SUMMARY TABLE  

Hole ID         From        To     Core length     Gold grade (cut at 50)     Gold grade (uncut)
                 (m)       (m)             (m)                      (g/t)                  (g/t)

C20-07B        49.70     50.40            0.70                       1.38                      -
C20-07C       168.00    169.00            1.00                       1.04                      -
C20-07C       174.00    175.00            1.00                       1.42                      -
C20-07C       188.00    189.00            1.00                       1.14                      -
C20-07C       210.00    210.50            0.50                       1.92                      -
C20-07C       212.90    213.90            1.00                       3.33                      -
C20-07C       259.20    259.90            0.70                       1.18                      -
C20-07C       265.50    269.30            3.80                       3.21                      -
C20-07C       560.50    561.00            0.50                      17.60                      -
C20-07C       563.60    564.30            0.70                       1.10                      -
C20-07C       569.10    601.80           32.70                       3.00                      -
C20-07C       602.50    603.00            0.50                       1.40                      -
C20-07C       610.80    614.90            4.10                       1.45                      -
C20-07C       617.00    617.70            0.70                       1.04                      -
C20-07C       633.20    633.90            0.70                       1.11                      -
C20-07C       642.10    646.70            4.60                       5.26                      -
C20-07C       665.20    687.00           21.80                       3.01                      -
C20-07C       696.30    697.00            0.70                       2.09                      -
C20-07C       715.90    716.60            0.70                       8.28                      -
C20-07C       726.40    727.10            0.70                       4.77                      -
C20-07C       733.05    742.70            9.65                       1.93                      -
C20-14        339.75    340.50            0.75                       2.50                      -
C20-14        411.75    419.25            7.50                       1.18                      -
C20-14        430.50    431.25            0.75                       1.30                      -
C20-14        438.75    439.50            0.75                       2.59                      -
C20-14        476.25    477.00            0.75                       1.37                      -
C20-14        488.25    502.00           13.75                       1.61                      -
C20-14        516.00    517.00            1.00                       1.83                      -
C20-15B       512.50    513.25            0.75                       1.05                      -
C20-15B       514.75    515.35            0.60                       9.04                      -
C20-15B       525.40    535.50           10.10                       1.63                      -
C20-15B       544.30    544.80            0.50                       1.04                      -
C20-15B       559.25    559.95            0.70                       1.90                      -
C20-15B       561.85    562.35            0.50                       1.39                      -
C20-15B       566.15    567.45            1.30                       3.45                      -
C20-15B       576.25    576.75            0.50                       5.04                      -
C20-15B       583.05    592.20            9.15                       1.64                      -
C20-16        651.60    658.60            7.00                       1.72                      -
C20-16        680.80    681.50            0.70                       2.90                      -
C20-16        688.90    689.60            0.70                       1.56                      -
C20-17        254.85    259.15            4.30                      12.36                  26.08
including     255.35    255.85            0.50                          -                 218.00
C20-17        280.20    280.90            0.70                       2.71                      -
C20-17        297.35    305.90            8.55                       1.07                      -
C20-17        330.90    331.60            0.70                       1.62                      -
C20-17B       362.90    363.40            0.50                       1.63                      -
C20-17B       387.40    388.10            0.70                       1.42                      -
C20-17B       439.90    440.60            0.70                       5.28                      -
C20-18B       399.95    400.70            0.75                       1.79                      -
C20-18B       470.00    470.50            0.50                          -                  75.60
C20-18B       477.10    477.60            0.50                       4.59                      -
C20-18B       489.70    490.20            0.50                      27.80                      -
C20-18B       518.00    518.70            0.70                       1.16                      -
C20-18B       531.55    532.05            0.50                       1.01                      -
C20-18B       533.25    533.75            0.50                       1.32                      -
C20-18B       534.45    535.00            0.55                       1.31                      -
C20-18B       555.50    566.60           11.10                       1.65                      -
C20-18B       585.30    585.80            0.50                       2.67                      -
C20-18B       597.30    598.00            0.70                       1.10                      -
C20-18B       600.80    609.20            8.40                       2.65                      -
C20-18B       618.30    619.30            1.00                       2.13                      -
C20-18B       620.30    620.80            0.50                       1.27                      -
C20-18B       628.70    639.80           11.10                       2.05                      -
C20-18B       643.80    644.30            0.50                       3.65                      -
C20-18B       649.30    649.80            0.50                       1.43                      -
C20-18B       650.30    651.00            0.70                       2.06                      -
C20-18B       653.60    654.60            1.00                       1.43                      -
C20-18B       655.10    655.80            0.70                       1.90                      -
C20-18B       659.10    720.30           61.20                       1.67                   1.72
C20-18B       728.10    728.60            0.50                       1.51                      -
C20-18B       729.80    731.20            1.40                       1.87                      -
C20-18B       732.60    733.30            0.70                       1.21                      -
C20-18B       745.20    745.90            0.70                       2.39                      -
C20-19        414.00    478.10           64.10                       1.03                      -
including     446.20    453.70             7.5                       2.88                      -
C20-19        490.60    491.10            0.50                       3.51                      -
C20-19        495.50    496.20            0.70                       4.23                      -
C20-19        498.80    499.30            0.50                       1.42                      -
C20-19        500.30    501.00            0.70                       1.27                      -
C20-20        448.85    479.10           30.25                       2.44                      -
C20-20        483.80    484.50            0.70                       1.60                      -
C20-20        492.60    517.50           24.90                       1.49                      -
C20-20        524.50    525.20            0.70                       2.50                      -
C20-20        531.50    532.20            0.70                       1.31                      -
C20-20        540.30    621.50           81.20                       1.48                   1.54
C20-20        639.70    678.10           38.40                       1.46                      -
C20-20        689.10    689.60            0.50                       1.95                      -
C20-20        690.30    691.00            0.70                       2.18                      -
C20-20        693.60    694.10            0.50                       5.47                      -
C20-20        696.30    696.80            0.50                       1.57                      -
C20-20        698.70    700.80            2.10                       1.33                      -
C20-20        711.10    711.60            0.50                       1.89                      -
C20-20        712.10    712.60            0.50                       1.00                      -
C20-20        713.10    713.60            0.50                       2.69                      -
C20-20        715.30    716.00            0.70                       1.93                      -
C20-20        720.90    722.10            1.20                       1.07                      -
C20-20        723.50    724.90            1.40                       2.75                      -
C20-20        726.70    727.40            0.70                       2.74                      -
C20-20        742.00    742.70            0.70                       2.37                      -
     
Note: Assay results for Colomac are cut at 50 g/t Au as per 
parameters identified within the 2021 mineral resource estimate. 
Lengths are reported as core lengths. True widths vary depending 
on drill hole dip.

    TREASURE ISLAND (MAIN ZONE) DRILL RESULTS -- SUMMARY TABLE
 
Hole ID           From            To      Core length       Gold grade
                   (m)           (m)              (m)            (g/t)

T20-07          194.40        195.10             0.70             1.85
T20-07          212.00        225.35            13.35             1.31
T20-07          235.65        239.40             3.75             1.46
T20-07          274.20        277.50             3.30             5.62
T20-07          329.00        343.70            14.70             1.98
T20-07          352.10        362.60            10.50             1.47
T20-07          365.35        365.85             0.50             1.65
T20-07          383.90        384.45             0.55             7.73
T20-09           93.60         94.20             0.60             2.88
T20-09          109.90        110.40             0.50             1.87
T20-09          124.20        124.90             0.70             1.56
T20-09          129.80        131.85             2.05             4.65
T20-09          171.00        175.20             4.20             2.48
T20-09          185.10        185.80             0.70             5.24
T20-09          264.60        270.10             5.50           207.18
including       269.10        269.60             0.50         2,260.00
T20-10           40.00         41.00             1.00             1.22
T20-10           56.00         56.50             0.50            80.60
T20-10          187.30        188.00             0.70             1.53
T20-10          196.40        197.10             0.70             1.20
T20-10          202.00        202.70             0.70             1.05
T20-10          225.80        226.50             0.70             2.21
T20-10          230.00        230.70             0.70             1.50
T20-10          249.20        251.55             2.35            37.59
including       250.55        251.05             0.50           161.50
T20-10          267.20        278.90            11.70             3.01
T20-10          283.30        283.80             0.50             4.24
T20-10          284.30        284.80             0.50             1.33
T20-10          287.20        287.90             0.70             1.51
T20-10          296.45        299.95             3.50             3.26
T20-10          308.95        309.45             0.50             1.40
T20-10          314.60        319.50             4.90             1.11
T20-10          323.30        323.90             0.60             1.60
T20-10          384.90        385.60             0.70             1.14
  
Note: All lengths are reported as core lengths. 
True widths vary depending on drill hole dip.

Qualified person

Richard Roy, PGeo, vice-president, exploration, of Nighthawk, who is the qualified person as defined by NI 43-101 for this project, has reviewed and approved of the technical disclosure contained in this news release.

Technical information

Nighthawk has implemented a quality control program to comply with best practices in the sampling and analysis of drill core. Drill core samples were transported in security-sealed bags for analyses at the ALS laboratory in Vancouver, B.C. ALS Global is an ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) 17025-accredited laboratory. Pulp and metallics assaying for gold was conducted on the entire pulverized sample.

As part of its QA/QC program, Nighthawk inserts external gold standards (low to high grade) and blanks every 20 samples in addition to the standards, blanks and pulp duplicates inserted by ALS Global.

About Nighthawk Gold Corp.

Nighthawk is a Canada-based gold exploration company with 100-per-cent ownership of a district-scale land position within the Indin Lake greenstone belt, located approximately 200 km north of Yellowknife, NWT. Nighthawk has advanced its flagship asset Colomac, outlining a robust project with current indicated resources of 25.89 million tonnes with an average grade of 2.01 g/t Au for 1.67 million ounces of gold and inferred resources of 5.71 million tonnes with an average grade of 2.03 g/t Au for 370,000 ounces of gold, with the majority of ounces contained within an underground resource. Near-term resource expansion opportunities exist proximal to the current resources, and additional upside exists throughout the plus-seven-kilometre strike length of the host quartz diorite with a substantial opportunity at depth where the true width is known to expand significantly across a 3.5 km long section.

We seek Safe Harbor.

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