TSX: NHK
TORONTO, Nov. 28, 2017 /CNW/ - Nighthawk Gold Corp.
("Nighthawk" or the "Company") (TSX: NHK; OTCQX:
MIMZF) is pleased to report on additional drilling from its
100% owned Colomac Gold Project located within its Indin Lake Gold
Property, Northwest Territories,
Canada.
Twelve drill holes, totalling 4,759 metres, targeted new areas
within Zone 1.5 and Zone 2.0 of the Colomac Main sill, and
continued to test the underexplored region between the two zones
(Figures 1 to 5; Table 1). Hole C17-28 was drilled to the north
down plunge within the high-grade core of Zone 1.5. It intersected
several regions of continuous mineralization over its entire 780.61
metre downhole length, making it one of the best holes ever drilled
at Colomac, highlighted by 152.00 metres of 2.47 grams per tonne
gold ("gpt" "Au"), including 34.70 metres of 4.27 gpt Au, and 9.65
metres of 6.90 gpt Au; and 185.05 metres of 1.13 gpt gold,
including 38.30 metres of 1.69 gpt Au, and 7.70 metres of 4.82 gpt
Au. Drilling to date has expanded Zone 1.5 to new depths and along
strike, validating its high-grade gold exploration model.
Colomac Drilling Highlights:
Zone 1.5
- Hole C17-28 intersected 152.00 metres (85.00 metre true width)
of 2.47 gpt Au, including 34.70 metres of 4.27 gpt Au, and 9.65
metres of 6.90 gpt Au; 185.05 metres of 1.13 gpt Au, including
38.30 metres of 1.69 gpt Au, and 7.70 metres of 4.82 gpt Au; and
33.25 metres of 1.15 gpt Au, including 3.75 metres of 6.94 gpt
Au;
- Hole C17-28 intersected several extensive regions of continuous
mineralization over its 780.61 metre downhole length, of which 730
metres is mineralized, confirming the zone's rake to the north, its
continuity to a vertical depth of 660 metres, and extending the
mineralization at depth over 300 metres north of C17-15C
intersection (see news release dated September 18, 2017) where it remains open;
- Hole C17-27B intersected 57.85 metres (10.00 metre true width)
of 2.08 gpt Au, including 15.30 metres of 4.06 gpt Au, and 6.75
metres of 5.35 gpt Au; extending near surface mineralization within
the zone an additional 50 metres north (Figure 5);
- Zone 1.5 dimensions have been extended upwards of 300 metres in
strike, to a vertical depth of 660 metres, and a true width of 30
to 60 metres in the near surface, but upwards of 155 metres at
depth;
- The sill is uninterrupted to depth, well mineralized, and given
its threefold increase in width to depth (see press release dated
September 18, 2017) and consistent
drill results to date, the potential for significant resource
expansion is considered excellent;
Zone 2.0
- Hole C17-25 intersected 38.45 metres (32.00 metre true width)
of 1.31 gpt Au, including 15.85 metres of 2.60 gpt Au, and 6.20
metres of 5.37 gpt Au.
Note: All assays are uncut (see Table 1)
Dr. Michael Byron, President and
CEO commented, "Hole C17-28 has provided invaluable insight into
the nature and scale of mineralization at high-grade Zone 1.5, and
accordingly, elevated our understanding of the probable geometry of
similar but less explored high-grade zones within the sill.
In confirming our model for the zone's internal higher-grade
core, and successfully tracking its continuous mineralization to
great depth, we are quickly developing a blue print for exploration
that we are confident will lead to other exciting
discoveries. The results from this work will be of vital
importance for target generation prior to our upcoming 2018 drill
program scheduled to commence in early March
2018. Everything drilled to-date at Zone 1.5 lies outside of
the existing resource estimate area, but will be incorporated in a
resource update to be completed early in 2018."
Table 1. Colomac Drill Results (uncut)
Zone
|
Hole
ID
|
Collar
Orientations
(degrees)
|
Intersection
|
Core
Length
|
True
Width
|
Gold
Grade
|
(Metres)
|
Azimuth
|
Dip
|
From
|
To
|
(Metres)*
|
(Metres)
|
gpt
|
1.5-2.0
|
C17-16
|
90
|
-50
|
224.50
|
230.80
|
6.30
|
|
0.39
|
1.5-2.0
|
C17-16B
|
90
|
-60
|
284.20
|
295.60
|
11.40
|
9.00
|
1.60
|
|
including
|
290.40
|
295.60
|
5.20
|
|
3.06
|
|
|
345.70
|
389.70
|
44.00
|
35.00
|
0.93
|
|
including
|
362.40
|
386.70
|
24.30
|
|
1.13
|
|
including
|
370.00
|
387.40
|
17.40
|
|
1.27
|
|
including
|
370.80
|
379.00
|
8.20
|
|
1.66
|
|
including
|
383.00
|
387.40
|
4.40
|
|
1.48
|
1.5
|
C17-21
|
95
|
-60
|
271.60
|
273.10
|
1.50
|
|
1.36
|
|
|
282.20
|
284.50
|
2.30
|
|
0.77
|
|
|
290.10
|
293.25
|
3.15
|
|
0.99
|
|
|
318.25
|
326.75
|
8.50
|
|
1.61
|
|
including
|
325.00
|
326.75
|
1.75
|
|
6.33
|
1.5
|
C17-21B
|
95
|
-68
|
368.25
|
418.80
|
50.55
|
27.00
|
0.80
|
|
including
|
370.50
|
386.75
|
16.25
|
|
1.58
|
|
including
|
370.50
|
379.50
|
9.00
|
|
2.18
|
|
including
|
370.50
|
375.80
|
5.30
|
|
3.08
|
|
including
|
410.80
|
414.40
|
3.60
|
|
1.35
|
|
|
472.50
|
475.50
|
3.00
|
|
2.44
|
|
|
584.00
|
590.00
|
6.00
|
|
1.20
|
|
|
603.40
|
604.20
|
0.80
|
|
9.77
|
2
|
C17-25
|
280
|
-45
|
317.90
|
324.00
|
6.10
|
|
0.72
|
|
including
|
317.90
|
320.15
|
2.25
|
|
1.02
|
|
|
334.75
|
373.20
|
38.45
|
32.00
|
1.31
|
|
including
|
334.75
|
350.60
|
15.85
|
|
2.60
|
|
including
|
340.15
|
346.35
|
6.20
|
|
5.37
|
1.5
|
C17-26
|
185
|
-50
|
25.50
|
32.75
|
7.25
|
|
1.39
|
|
including
|
29.75
|
32.25
|
2.50
|
|
3.60
|
|
|
44.75
|
50.75
|
6.00
|
|
0.54
|
|
|
163.30
|
164.05
|
0.75
|
|
4.52
|
1.5
|
C17-27
|
90
|
-70
|
17.00
|
57.00
|
40.00
|
15.00
|
1.21
|
|
including
|
18.00
|
28.95
|
10.95
|
|
2.58
|
|
including
|
18.00
|
24.25
|
6.25
|
|
3.58
|
|
including
|
21.10
|
24.25
|
3.15
|
|
5.35
|
|
including
|
53.75
|
57.00
|
3.25
|
|
2.87
|
|
including
|
56.00
|
57.00
|
1.00
|
|
6.02
|
|
|
63.65
|
69.95
|
6.30
|
|
0.64
|
1.5
|
C17-27B
|
90
|
-80
|
21.75
|
79.60
|
57.85
|
10.00
|
2.08
|
|
including
|
45.75
|
79.00
|
33.25
|
|
3.26
|
|
including
|
45.75
|
61.05
|
15.30
|
|
4.06
|
|
including
|
45.75
|
56.75
|
11.00
|
|
4.93
|
|
including
|
45.75
|
51.65
|
5.90
|
|
6.68
|
|
including
|
65.10
|
79.00
|
13.90
|
|
3.07
|
|
including
|
72.85
|
79.60
|
6.75
|
|
5.35
|
|
including
|
74.25
|
77.80
|
3.55
|
|
9.50
|
|
|
94.25
|
105.95
|
11.70
|
|
2.16
|
|
including
|
103.05
|
105.95
|
2.90
|
|
5.09
|
|
|
110.40
|
113.40
|
3.00
|
|
1.55
|
|
|
122.70
|
130.50
|
7.80
|
|
0.83
|
|
including
|
129.00
|
130.50
|
1.50
|
|
2.53
|
|
|
146.75
|
148.25
|
1.50
|
|
2.77
|
1.5
|
C17-28
|
15
|
-60
|
24.15
|
32.15
|
8.00
|
|
1.07
|
|
including
|
27.90
|
32.15
|
4.25
|
|
1.67
|
|
|
48.60
|
200.60
|
152.00
|
85.00**
|
2.47
|
|
including
|
48.60
|
111.25
|
62.65
|
|
3.35
|
|
including
|
48.60
|
59.80
|
11.20
|
|
3.94
|
|
including
|
54.60
|
59.80
|
5.20
|
|
5.85
|
|
including
|
76.55
|
111.25
|
34.70
|
|
4.27
|
|
including
|
80.25
|
89.90
|
9.65
|
|
6.90
|
|
including
|
99.50
|
106.50
|
7.00
|
|
8.13
|
|
including
|
130.65
|
136.30
|
5.65
|
|
2.93
|
|
including
|
138.50
|
144.10
|
5.60
|
|
2.89
|
|
including
|
169.05
|
193.00
|
23.95
|
|
3.63
|
|
including
|
182.00
|
192.45
|
10.45
|
|
6.15
|
|
including
|
182.00
|
183.10
|
1.10
|
|
23.88
|
|
including
|
189.50
|
194.50
|
5.00
|
|
7.82
|
|
including
|
191.30
|
194.50
|
3.20
|
|
11.83
|
|
|
236.00
|
243.75
|
7.75
|
|
2.13
|
|
including
|
236.00
|
239.00
|
3.00
|
|
3.73
|
|
|
274.75
|
459.80
|
185.05
|
100.00**
|
1.13
|
|
including
|
275.50
|
328.00
|
52.50
|
|
1.49
|
|
including
|
274.75
|
276.35
|
1.60
|
|
7.34
|
|
including
|
289.70
|
328.00
|
38.30
|
|
1.69
|
|
including
|
289.70
|
294.10
|
4.40
|
|
2.41
|
|
including
|
304.50
|
310.50
|
6.00
|
|
2.77
|
|
including
|
318.70
|
328.00
|
9.30
|
|
3.16
|
|
including
|
356.00
|
363.70
|
7.70
|
|
4.82
|
|
including
|
360.45
|
363.70
|
3.25
|
|
8.00
|
|
including
|
399.30
|
422.55
|
23.25
|
|
2.17
|
|
including
|
407.85
|
422.55
|
14.70
|
|
2.76
|
|
including
|
416.15
|
422.55
|
6.40
|
|
5.22
|
|
including
|
419.80
|
422.55
|
2.75
|
|
10.94
|
|
including
|
450.00
|
457.25
|
7.25
|
|
2.14
|
|
including
|
455.65
|
457.25
|
1.60
|
|
3.33
|
|
|
476.50
|
511.50
|
35.00
|
20.00**
|
1.02
|
|
including
|
480.40
|
483.70
|
3.30
|
|
2.69
|
|
including
|
503.65
|
511.50
|
7.85
|
|
2.21
|
|
|
544.45
|
554.40
|
9.95
|
|
1.20
|
|
|
593.55
|
598.20
|
4.65
|
|
1.86
|
|
|
620.80
|
630.30
|
9.50
|
|
2.06
|
|
including
|
620.80
|
623.80
|
3.00
|
|
3.95
|
|
|
653.90
|
662.00
|
8.10
|
|
1.84
|
|
including
|
653.90
|
657.75
|
3.85
|
|
2.64
|
|
|
670.25
|
682.50
|
12.25
|
|
0.78
|
|
|
700.35
|
733.60
|
33.25
|
18.00**
|
1.15
|
|
including
|
700.35
|
704.10
|
3.75
|
|
6.94
|
1.5
|
C17-29
|
90
|
-70
|
41.60
|
43.00
|
1.40
|
|
1.17
|
|
|
48.00
|
54.30
|
6.30
|
|
0.44
|
|
|
57.00
|
81.20
|
24.20
|
12.00
|
0.83
|
|
including
|
57.00
|
69.70
|
12.70
|
|
1.41
|
|
including
|
57.00
|
60.00
|
3.00
|
|
2.92
|
|
including
|
65.70
|
69.70
|
4.00
|
|
2.21
|
1.5
|
C17-29B
|
90
|
-80
|
97.40
|
102.60
|
5.20
|
|
0.65
|
|
|
124.30
|
128.40
|
4.10
|
|
2.03
|
|
including
|
127.20
|
128.40
|
1.20
|
|
4.85
|
|
|
138.80
|
145.70
|
6.90
|
|
1.09
|
|
including
|
139.40
|
142.00
|
2.60
|
|
2.10
|
|
|
153.40
|
169.70
|
16.30
|
|
2.32
|
|
including
|
156.00
|
161.00
|
5.00
|
|
4.04
|
|
including
|
156.00
|
159.30
|
3.30
|
|
5.31
|
|
including
|
166.20
|
169.70
|
3.50
|
|
3.81
|
|
including
|
168.30
|
169.70
|
1.40
|
|
9.42
|
|
|
177.60
|
180.40
|
2.80
|
|
1.37
|
|
|
197.70
|
202.40
|
4.70
|
|
1.21
|
|
|
231.60
|
237.70
|
6.10
|
|
0.66
|
|
including
|
231.60
|
235.00
|
3.40
|
|
1.02
|
|
including
|
232.20
|
233.50
|
1.30
|
|
2.03
|
1.5
|
C17-30
|
90
|
45
|
Geophysical target -
No intercepts
|
*
|
Lengths are
reported as core lengths. True widths vary depending on drill hole
dip; most holes are laid out to
intersect the sill close to perpendicular therefore true widths are
approximately 60% to 80% of core lengths.
|
**
|
Hole C17-28 was
drilled parallel to the sill, thus reported composite intersections
are horizontal intercepts.
|
Colomac Zone 1.5
Holes C17-16 and C17-16B were drilled within the near surface
portion of the gap area between Zones 1.5 and Zone 2.0 (Figure 1),
50 metres north of C17-13 and C17-13B (see press release dated
September 18, 2017). Hole C17-16, the
shallower of the two, intersected limited mineralization and is
believed to have traversed a weakly mineralized fault window
related to the offset between the two zones. Hole C17-16B, the
steeper hole, deviated to the south intersecting mineralization
lateral to the fault at a vertical depth of 240 metres (Figure 5),
returning 11.40 metres of 1.61 gpt Au, including 5.20 metres of
3.06 gpt Au, with a lower intercept of 24.30 metres of 1.13 gpt Au
including 8.20 metres of 1.66 gpt Au; supporting the linkage
between the two zones separated by a relatively narrow weekly
mineralized fault zone.
Hole C17-26 was collared 260 metres north of C17-27 (Figure 1)
to test an unexplored area of the sill north of Zone 1.5. It
was drilled south, within and parallel to the sill, towards Zone
1.5 to prospect for new shallow areas of mineralization. It appears
that the hole deviated to the west, instead of staying within the
central portion of the intrusion, and tracked closer to its base
where it intersected weaker mineralization. However, it did
return a shallow intercept of 7.25 meters grading 1.39 gpt Au,
including 2.50 metres of 3.61 gpt Au in a new area that will be
revisited for follow-up work.
Drillholes C17-27 and C17-27B tested the northern extension of
Zone 1.5 (Figure 1), 50 metres north of holes C17-12 and C17-12B
(see August 24 news release). They
were drilled into the upper portion of the sill above the zone's
plunging high-grade core (Figure 5), an area that had never been
drilled. Both holes intersected strong zones of mineralization
within 50 metres of the surface (Figure 2), highlighted by C17-27
which returned 40.00 metres of 1.21 gpt Au, including 6.25 metres
of 3.58 gpt Au. The steeper hole, C17-27B, cut 57.85 meters
of 2.08 gpt Au, including 15.30 metres of 4.06 gpt Au, and 6.75
metres of 5.35 gpt Au, extending Zone 1.5 mineralization an
additional 50 metres to the north where it remains open.
Based on drill results to-date, the delineated higher-grade core
of the zone defines a 40o rake to the north within the
steeply dipping sill (Figure 5). Hole C17-28 (Figure 1) was
laid out to drill along this higher-grade portion to depth, testing
the zone's continuity of mineralization, its projection to depth,
and to validate the modeled rake. Gold mineralization was
recorded for over 730 metres of the entire 780.61 metre downhole
length (Figure 3). Several extensive sections of continuous
mineralization are reported highlighted by 152.00 metres of 2.47
gpt Au, including 34.70 metres of 4.27 gpt Au, and 9.65 metres of
6.90 gpt Au; 185.05 metres of 1.13 gpt Au, including 38.30 metres
of 1.69 gpt Au, and 7.70 metres of 4.82 gpt Au; and 33.25 metres of
1.15 gpt Au, including 3.75 metres of 6.94 gpt Au. To depth, the
hole appears to have exited the high-grade core of the zone and
crossed into well mineralized areas below the zone's modeled path
(Figure 5).
Hole C17-28 validated the zone's rake to the north and
continuity of mineralization to an astounding vertical depth of 660
metres. It has also extended the mineralization at this depth
over 300 metres north of C17-15C, a deep hole that showed a
tripling of the zone's true width to 155 metres (see news release
September 18, 2017). Work has
yet to follow-up on the findings of C17-15C to determine if the
sill's widening at depth is a local or global feature; however,
geological models are being updated in preparations for the next
drill program where this will be addressed. Zone 1.5 remains
open to depth and along strike.
In 2012 Nighthawk drilled a sub-vertical hole to depth within
the heart of high-grade Zone 3.5 exploring for variations in
mineralized quartz vein/stringer density and to test grade
continuity (see press release dated October
10, 2012). Hole C12-15 intersected 203.4 metres of
2.49 gpt Au, including higher grade subintervals of 69.35 metres of
4.12 gpt Au, 25.75 metres of 7.78 gpt Au and 33.85 metres of 3.03
gpt Au, confirming the zone's consistency and high-grade character
from surface to a vertical depth of 400 metres. Zone 3.5 is
located 2.8 kilometres south of Zone 1.5 yet their similarities are
remarkable in terms of continuity of mineralization to depth and
capacities to host broad domains of higher-grade material.
Despite the considerable distance separating the two zones,
these two holes (C12-15 and C17-28) provide important awareness
into overall high-grade zone consistency and continuity, and
highlight the incredible opportunity the Colomac system offers for
expansion of known zones and for new discoveries.
Colomac Zone 2.0
Drillhole C17-25 was collared within the central region of Zone
2.0 (Figure 1), to undercut strong mineralization reported in
historical hole 2.0-74-018. Two of Nighthawk's previous holes,
C12-02 and C12-02B, provided deeper cuts on this section leaving a
void that C17-25 (Figure 4) filled by intersecting 38.45 metres of
1.31 gpt Au, including 15.85 metres of 2.60 gpt Au, and 6.20 metres
of 5.37 gpt Au, 75 metres below hole 2.0-74-018, and 240 metres
below surface. Work on this section has traced mineralization
to over 400 metres vertical. Drilling within Zone 2.0 has
consistently delivered very broad intercepts of strong
mineralization often centred with internal high-grade intercepts.
These discrete domains of better grade are being modeled based on
our evolving understanding of grade development and localization
within the Colomac Main sill.
Project Update
All 2017 holes drilled on the Colomac Main sill have now been
released, leaving just over 5,000 metres of the Company's 26,168
metre program remaining to be reported on the Goldcrest Sill,
Grizzly Bear deposit, and the North Inca deposit. These
results will be released in due course, as will the findings from
this year's extensive regional prospecting and detailed mapping
programs.
The Company is updating its geological and resource models with
exploration results generated to-date to help develop new targets
within the three main Colomac area sills, as well as other
opportunities throughout its Indin Lake Gold Property. This
work will form the foundation upon which opportunities will be
assessed and targets developed for the upcoming 2018 drill
program.
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 ALS Chemex Assay Laboratory in Vancouver, BC ("ALS Chemex"). ALS Chemex
is an ISO 9001:2000 certified 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 Chemex.
About Nighthawk
Nighthawk is a Canadian-based gold exploration company with 100%
ownership of a district-scale land position within the Indin Lake
Greenstone Belt, located approximately 200 kilometres north of
Yellowknife, Northwest
Territories, Canada. Nighthawk is focused on advancing the
Colomac Gold Project with a current inferred resource of 2.1
million ounces of gold (39.8 million tonnes at an average grade of
1.64 grams per tonne), as well as advancing its other regional gold
deposits and showings within this Archean gold camp.
The Company has an experienced and dedicated team and is well
funded to complete its goals and objectives over the next 18-24
months.
Qualified Person
Dr. Michael J. Byron, Ph.D.,
P.Geo., President & Chief Executive Officer 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. Please refer to NI 43-101 technical report
"Technical Report and mineral resource estimate update on the
Colomac Property of the Indin Lake Project", dated June 17, 2013, as filed under the company's
profile on www.sedar.com.
Neither the Toronto Stock Exchange has neither reviewed nor
accepts responsibility for the adequacy or accuracy of this news
release.
Forward-Looking Information
This news release contains
"forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking information
includes, but is not limited to, information with respect to the
Company's drilling program, exploration plans, and the timing and
results thereof; and the release of an updated NI 43-101 technical
report and the timing and results thereof. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "does not anticipate", or
"believes" or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would",
"might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and
estimates of management at the date the information is made, and is
based on a number of assumptions and is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Nighthawk to be materially different from those expressed or
implied by such forward-looking information, including risks
associated with the exploration, development and mining such as
economic factors as they effect exploration, future commodity
prices, changes in foreign exchange and interest rates, actual
results of current exploration activities, government regulation,
political or economic developments, environmental risks, permitting
timelines, capital expenditures, operating or technical
difficulties in connection with development activities, employee
relations, the speculative nature of gold exploration and
development, including the risks of diminishing quantities of
grades of reserves, contests over title to properties, and changes
in project parameters as plans continue to be refined as well as
those risk factors discussed in Nighthawk's annual information form
for the year ended December 31, 2016,
available on www.sedar.com. Although Nighthawk has attempted
to identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue
reliance on forward-looking information. Nighthawk does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
SOURCE Nighthawk Gold Corp.