TSX: NHK
TORONTO, Sept. 11, 2018
/CNW/ - Nighthawk Gold Corp. ("Nighthawk" or the
"Company") (TSX: NHK; OTCQX: MIMZF) is pleased to
report drill results from seven holes (2,325 metres) recently
completed within high-grade Zone 3.5, part of its 100% owned
Colomac Gold Project ("Colomac"). Drilling focused on
expanding the high-grade mineralization that was intercepted in the
Company's 2012 program and which returned several extensive gold
intercepts (Table 1).
Zone 3.5 lies within the southern portion of the Colomac sill,
2.8 kilometres south-southwest of high-grade Zone 1.5 (Figure 1).
Current driling targeted and intersected the northward extension of
the zone, highlighted by hole C18-09 which tracked mineralization
further down plunge to the north intersecting 68.00 metres of 2.24
grams per tonne gold ("gpt" "Au"), including 32.00
metres of 3.59 gpt Au, and 6.40 metres of 5.70 gpt Au.
HIGHLIGHTS OF DRILLING:
- Hole C18-04 intersected 41.85 metres (10.00 metre true width)
of 2.81 gpt Au, including 22.80 metres of 4.04 gpt Au, and 6.15
metres of 5.60 gpt Au;
- Hole C18-06 intersected 71.50 metres (27.00 metre true width)
of 1.53 gpt Au, including 23.75 metres of 2.46 gpt Au, and 9.65
metres of 3.58 gpt Au;
- Hole C18-07 intersected 36.50 metres (17.00 metre true width)
of 1.84 gpt Au, including 25.75 metres of 2.25 gpt Au, and 16.75
metres of 2.55 gpt Au;
- Hole C18-09 intersected 68.00 metres (19.00 metre true width)
of 2.24 gpt Au, including 32.00 metres of 3.59 gpt Au, and 6.40
metres of 5.70 gpt Au – with a further downhole intersection of
31.75 metres (9.00 metre true width) of 2.46 gpt Au, including
13.00 metres of 3.26 gpt Au, and 4.50 metres of 4.34 gpt Au;
- Hole C18-12B intersected 85.50
metres (22.00 metre true width) of 1.15 gpt Au, including 25.50
metres of 2.49 gpt Au, and 9.75 metres of 4.48 gpt Au;
- Confirmation of the steep northern plunge to high-grade Zone
3.5;
- Zone appears to widen at depth to upwards of 80.00 metres true
width; and
- Mineralization remains open down plunge, with resource
expansion potential to depth
Note: All assays are uncut (see Table 1)
Dr. Michael Byron, President and
CEO commented, "Zone 3.5 was the first area within the Colomac sill
that showed the capacity to host discrete higher-grade domains. Our
drill results to-date have confirmed this and demonstrated that the
zone shows a high degree of consistency and continuity of
mineralization to depth, mimicking in many ways what we have shown
to be true for high-grade Zone 1.5. Our work in both of these
areas has delivered a solid understanding of the exploration and
resource growth potential that these higher-grade gold domains
represent for the Colomac sill, and remain key areas of focus for
exploration at Colomac."
Table 1. Zone 3.5 Drill Results (uncut)
Hole
ID
|
Collar
Orientations
(degrees)
|
Intersection
|
Core
Length
|
True
Width
|
Gold
Grade
|
(Metres)
|
Azimuth
|
Dip
|
From
|
To
|
(Metres)*
|
(Metres)
|
gpt
|
C18-04
|
100
|
-80
|
15.00
|
24.75
|
9.75
|
|
2.69
|
including
|
15.00
|
18.00
|
3.00
|
|
7.56
|
including
|
16.70
|
18.00
|
1.30
|
|
17.11
|
|
40.25
|
47.25
|
7.00
|
|
1.29
|
Including
|
40.25
|
44.00
|
3.75
|
|
2.06
|
|
74.00
|
78.25
|
4.25
|
|
3.76
|
Including
|
74.00
|
75.00
|
1.00
|
|
6.14
|
Including
|
76.00
|
78.25
|
2.25
|
|
4.16
|
|
82.75
|
83.50
|
0.75
|
|
5.39
|
|
144.65
|
186.50
|
41.85
|
10.00
|
2.81
|
including
|
147.20
|
175.10
|
27.90
|
5.50
|
3.72
|
including
|
147.20
|
170.00
|
22.80
|
4.40
|
4.04
|
including
|
154.60
|
160.75
|
6.15
|
5.60
|
5.60
|
including
|
166.50
|
170.00
|
3.50
|
|
4.40
|
|
191.00
|
213.50
|
22.50
|
|
1.02
|
including
|
191.00
|
194.00
|
3.00
|
|
1.48
|
including
|
201.50
|
211.35
|
9.85
|
|
1.31
|
including
|
201.50
|
205.25
|
3.75
|
|
2.32
|
|
215.00
|
216.50
|
1.50
|
|
1.53
|
C18-06
|
100
|
-70
|
43.00
|
45.25
|
2.25
|
|
4.80
|
|
56.00
|
58.25
|
2.25
|
|
2.05
|
|
87.00
|
95.00
|
8.00
|
|
3.21
|
including
|
87.75
|
94.00
|
6.25
|
|
3.92
|
|
124.00
|
195.50
|
71.50
|
27.00
|
1.53
|
including
|
134.25
|
191.75
|
57.50
|
22.00
|
1.74
|
including
|
153.00
|
188.75
|
35.75
|
10.00
|
2.31
|
including
|
153.00
|
157.50
|
4.50
|
|
3.28
|
including
|
165.00
|
188.75
|
23.75
|
9.00
|
2.46
|
including
|
165.00
|
170.25
|
5.25
|
|
2.61
|
including
|
179.10
|
188.75
|
9.65
|
|
3.58
|
including
|
185.75
|
188.75
|
3.00
|
|
5.86
|
including
|
186.50
|
188.75
|
2.25
|
|
7.33
|
C18-07
|
100
|
-65
|
73.00
|
74.00
|
1.00
|
|
0.97
|
|
94.00
|
95.50
|
1.50
|
|
5.93
|
|
132.50
|
134.00
|
1.50
|
|
17.48
|
|
166.25
|
202.75
|
36.50
|
17.00
|
1.84
|
including
|
174.50
|
200.25
|
25.75
|
12.00
|
2.25
|
including
|
178.25
|
195.00
|
16.75
|
8.00
|
2.55
|
including
|
178.25
|
182.00
|
3.75
|
|
3.72
|
including
|
188.75
|
191.75
|
3.00
|
|
5.81
|
C18-09
|
100
|
-75
|
184.50
|
216.75
|
32.25
|
9.00
|
1.04
|
including
|
201.00
|
216.75
|
15.75
|
|
1.28
|
including
|
201.00
|
206.50
|
5.50
|
|
1.99
|
|
273.60
|
281.50
|
7.90
|
|
1.20
|
including
|
273.60
|
276.50
|
2.90
|
|
2.11
|
|
293.50
|
295.75
|
2.25
|
|
1.02
|
|
298.00
|
366.00
|
68.00
|
19.00
|
2.24
|
including
|
314.00
|
355.50
|
41.50
|
11.00
|
3.15
|
including
|
314.00
|
346.00
|
32.00
|
7.00
|
3.59
|
including
|
315.50
|
330.25
|
14.75
|
|
4.50
|
including
|
318.10
|
324.50
|
6.40
|
|
5.70
|
including
|
317.05
|
318.60
|
1.55
|
|
15.33
|
including
|
323.50
|
330.25
|
6.75
|
|
5.42
|
including
|
328.75
|
330.25
|
1.50
|
|
15.65
|
including
|
338.00
|
340.50
|
2.50
|
|
6.20
|
including
|
342.50
|
346.00
|
3.50
|
|
4.01
|
|
393.75
|
405.30
|
11.55
|
|
1.85
|
including
|
399.75
|
405.30
|
5.55
|
|
2.86
|
|
415.00
|
446.75
|
31.75
|
9.00
|
2.46
|
including
|
421.00
|
424.50
|
3.50
|
|
3.81
|
including
|
428.50
|
441.50
|
13.00
|
|
3.26
|
including
|
432.50
|
441.50
|
9.00
|
|
3.83
|
including
|
437.00
|
441.50
|
4.50
|
|
4.34
|
|
456.00
|
456.50
|
0.50
|
|
7.68
|
C18-10
|
100
|
-70
|
38.00
|
40.00
|
2.00
|
|
3.41
|
|
74.10
|
74.90
|
0.80
|
|
1.31
|
|
76.90
|
79.80
|
2.90
|
|
1.27
|
|
135.50
|
137.75
|
2.25
|
|
1.29
|
|
168.95
|
171.20
|
2.25
|
|
0.96
|
|
174.20
|
185.15
|
10.95
|
|
1.14
|
including
|
179.35
|
182.25
|
2.90
|
|
1.57
|
|
202.40
|
219.65
|
17.25
|
7.00
|
1.40
|
including
|
202.40
|
207.65
|
5.25
|
|
1.62
|
including
|
215.15
|
219.65
|
4.50
|
|
2.32
|
|
237.00
|
245.85
|
8.85
|
|
1.29
|
including
|
238.00
|
243.90
|
5.90
|
|
1.47
|
|
256.35
|
264.45
|
8.10
|
|
1.89
|
including
|
257.85
|
262.95
|
5.10
|
|
2.48
|
including
|
260.85
|
262.95
|
2.10
|
|
4.34
|
|
277.20
|
280.20
|
3.00
|
|
1.14
|
|
283.70
|
286.20
|
2.50
|
|
0.77
|
|
295.95
|
300.45
|
4.50
|
|
0.89
|
C18-12
|
280
|
-60
|
149.25
|
162.25
|
13.00
|
|
0.31
|
including
|
153.25
|
154.25
|
1.00
|
|
0.76
|
including
|
160.75
|
162.25
|
1.50
|
|
0.54
|
|
170.50
|
172.00
|
1.50
|
|
0.58
|
|
186.50
|
188.75
|
2.25
|
|
0.50
|
C18-12B
|
280
|
-75
|
190.00
|
275.50
|
85.50
|
22.00
|
1.15
|
including
|
190.00
|
193.75
|
3.75
|
|
1.69
|
including
|
229.00
|
230.50
|
1.50
|
|
1.75
|
including
|
249.25
|
274.75
|
25.50
|
7.00
|
2.49
|
including
|
250.00
|
265.00
|
15.00
|
|
3.57
|
including
|
254.50
|
264.25
|
9.75
|
|
4.48
|
including
|
262.00
|
264.25
|
2.25
|
|
8.82
|
|
Lengths are
reported as core lengths. True widths vary depending on drill hole
dip
|
Zone 3.5
Nighthawk previously drilled Zone 3.5 in 2012 (see press
releases dated August 30, 2012;
September 19, 2012; and October 10, 2012), a total of thirteen holes were
drilled (4,635 metres) all of which intersected mineralization. The
2012 drilling tested for the existence of a higher-grade zone
within the southern portion of the Colomac sill, and explored the
zone's continuity of mineralization along strike and to depth. That
work established the northward expansion of Zone 3.5 (see press
release dated August 20, 2012), and
the discovery of another possible higher-grade gold zone plunging
to depth beneath Zone 3.0. Results also verified the broadening of
Zone 3.5 to the north, and its possible convergence with Zone
3.0.
In 2012 Nighthawk drilled one subvertical hole into the core of
Zone 3.5 to investigate for possible variations in mineralized
quartz vein/stringer density and to test grade continuity.
Hole C12-15 was drilled from the hanging wall of the sill through
to the footwall and intersected greater vein densities and higher
overall average grades, returning 203.40 meters grading 2.49 gpt Au
including higher-grade subintervals of 69.35 meters of 4.12 gpt Au,
25.75 meters of 7.78 g/t gold and 33.85 meters of 3.03 g/t gold,
thereby confirming the zone's consistency and high-grade character
from surface to a vertical depth of 400 metres (see press release
dated October 10, 2012).
The holes reported herein were laid out to better define the
dimensions and exploration potential of Zone 3.5, and to infill
gaps in near surface drill coverage in the current resource.
Hole C18-04 targeted a void within the southern part of the zone
(Figure 1) positioned between historical drill holes that cut
shallow mineralization and Nighthawk's 2012 drilling that
intersected better mineralization to depth. Hole C18-04 intersected
two bands of mineralization, a shallow one to 90 metres vertical
depth and a deeper one from 140 metres to 210 metres vertical that
returned 41.85 metres of 2.81 gpt Au, including 22.80 metres of
4.04 gpt Au, and 6.15 metres of 5.60 gpt Au, confirming that the
gap on this section relates to a non-mineralized quartz gabbro unit
lying between a mineralized upper and lower quartz diorite (Figure
2).
Two additional holes were laid out to test the northern
extension of the resource gap. Hole C18-06 was collared 40 metres
north of C18-04 and hole C18-07 another 45 metres north of C18-06.
Hole C18-06 intersected 71.50 metres of 1.53 gpt Au, including
23.75 metres of 2.46 gpt Au, and 9.65 metres of 3.58 gpt Au; and
C18-07 intersected 36.50 metres of 1.84 gpt Au, including 25.75
metres of 2.25 gpt Au, and 16.75 metres of 2.55 gpt Au,
collectively infilling the gap upwards of 100 metres along strike
and to 150 metres vertical depth.
Hole C18-09 probed the projected down plunge extension of the
zone 60 metres north of C18-07 and infilled a substantial opening
in the current resource. The hole intersected two broad mineralized
zones to 425 metres depth and confirmed the zone's steep northern
plunge intersecting 68.00 metres of 2.24 gpt Au, including 32.00
metres of 3.59 gpt Au, and 6.40 metres of 5.70 gpt Au; and a lower
intersection of 31.75 metres of 2.46 gpt Au, including 13.00 metres
of 3.26 gpt Au, and 4.50 metres of 4.34 gpt Au (Figure 3).
The zone shows a widening to depth on this section to upwards of 80
metres true width.
Holes C18-12 and C18-12B were
collared 50 metres northeast of C18-09 to continue testing the
northern down plunge extension of the zone. The shallower
C18-12 hole appears to have overshot the plunge of the zone
intersecting weakly mineralized quartz diorite, while the steeper
C18-12B hole intersected 85.50 metres
of 1.15 gpt Au, including 25.50 metres of 2.49 gpt Au, and 9.75
metres of 4.48 gpt Au (Figure 4), clearly demonstrating the steeply
north plunging trajectory of the zone.
Drilling to-date has established Zone 3.5 as a higher-grade
domain of strong continuity and expansion potential. Nighthawk's
repeated discovery and recognition of the association between
distinct higher-grade plunging domains within more extensive and
broadly mineralized zones continues to point to the widespread
resource expansion opportunities at Colomac. The
higher-grade domains defined to date support the likelihood that
similar mineralized gold shoots exist along the intrusion's 9
kilometre strike length.
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 km north of Yellowknife, Northwest Territories, Canada.
Nighthawk is focused on advancing the Colomac Gold Project with a
current inferred resource of 2.6 million ounces of gold (50.3
million tonnes at an average grade of 1.62 grams per tonne gold),
as well as advancing its other regional gold deposits and showings
within this largely underexplored 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 exploration plans and its
drilling program, the timing and results thereof; and any ability
to add tonnes and ounces in any future resource update for Colomac.
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.
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SOURCE Nighthawk Gold Corp.