Highlighted Intercept: 56.25 metres of
2.76 gpt Au (uncut) including 13.00 metres of 3.51 gpt Au, and
including 4.25 metres of 14.89 gpt Au
TSX: NHK
TORONTO,
July 31, 2019
/PRNewswire/ - Nighthawk Gold Corp. ("Nighthawk" or
the "Company") (TSX: NHK) is pleased to
provide additional drill results from the Colomac Gold Project
("Colomac") centrally located within its Indin Lake Gold
Property, Northwest Territories,
Canada. Drilling was expanded to target specific
high-priority areas within Zones 2.0 and 3.0 of the Colomac Main
sill where thirteen holes were completed for 4,503 metres, with all
holes intersecting mineralization (Table 1, Figure 1).
Nighthawk's exploration strategy has evolved since the
initial drill program at Zone 2.0 (see press release dated
June 20, 2012), where the focus is
now on the discovery and delineation of higher-grade shoots within
the sill. All 38 drillholes reported to-date (12,824 metres) of the
planned 35,000 metre to 40,000 metre drill program for 2019, have
intersected mineralization. The success in locating and tracing new
areas of higher-grade mineralization along the Colomac Main sill
continues to validate the Company's belief in the deposit's
capacity to host discrete corridors of elevated grade (typically
significant widths of over 2.0 gpt with internal higher-grade
cores), some of which are broad domains of contiguous
mineralization along strike and to depth that remain largely
unexplored. This exploration strategy has been extremely successful
leading to several new discoveries and is considered crucial to
resource growth going forward.
Dr. Michael Byron,
President and Chief Executive Officer said, "This
latest drilling followed-up on recent discoveries of higher-grade
mineralization in Zones 2.0 and 3.0. Our goal was to extend these
known occurrences down-plunge and to test other highly prospective
opportunities. Outcomes have been exceptional, resulting in a new
discovery in Zone 2.0 and the successful expansion of three
previous discoveries. We are extremely encouraged by our continued
success in identifying new prospects and remain confident in our
ability to track them along strike and to depth. This part of the
sill has seen limited exploration to-date but clearly shows the
potential to deliver ounces.
"Our three drills have been in operation since early March
and we are on track to meet and/or exceed our 2019 planned
meterage. As well, with our field exploration program now in full
swing, we are expecting this to be our most productive exploration
campaign to-date."
Colomac Drilling Highlights:
Zone 2.0
- Hole C19-24 tested the boundary region between high-grade
Zone 1.5 and Zone 2.0 to depth and intersected 56.25 metres of
2.76 gpt Au (30.00 metres true width), including 13.00 metres of
3.51 gpt Au gold, and including 4.25 metres of 14.89,
extending mineralization to over 450 metres at depth where it
remains open.
- Holes C19-19B and 19C were
drilled on the same section as previously reported C19-19 which
intersected a new area of mineralization (see press release dated
June 26, 2019). Hole
C19-19B
intersected 83.70 metres of 1.44 gpt Au (55.00
metres true width), including 11.45 metres of 3.07 gpt Au, and
including 16.90 metres of 2.00 gpt Au; and hole C19-19C, returned
46.00 metres of 0.72 gpt Au (25.00 metres true width), including
14.65 metres of 1.05 gpt Au, and including 3.15 metres of 2.55 gpt
Au, extending mineralization to depth in excess of 350 metres where
it remains open.
- Hole C19-18 documents a new discovery southwest of C19-19
intersecting 91.50 metres of 1.33 gpt Au (50.00 metres
true width), including 24.75 metres of 2.95 gpt Au, 14.25 metres of
4.55 gpt Au, and 9.25 metres of 6.44 gpt Au to a depth of 320
metres where it remains open in all directions.
Zone 3.0
- Holes C19-25, 25B, and 25C
have extended mineralization north of the previously reported
C19-07 series intersections (see press release dated May 28, 2019), and are highlighted by the C19-25C
intersection which returned 29.50 metres of 2.78 gpt Au
(12.00 metres true width), including 16.20 metres of 4.06 gpt,
and 3.80 metres of 6.86 gpt Au; extending mineralization to
over 250 metres depth and open.
- The drill success at Zones 2.0 and 3.0 in locating and
tracking new areas of higher-grade mineralization further supports
the sill's capacity for hosting robust new opportunities for
continued resource expansion. Similar targeting techniques continue
to be actively employed throughout the Colomac area sills
generating significant exploration success.
Note: All assays are uncut (see Table 1)
Table 1. Colomac Drill Results (uncut)
Hole
ID
|
Zone
|
Collar
Orientations
(degrees)
|
Intersection
(Metres)
|
Core
Length
|
True
Width
|
Gold
Grade
|
Azimuth
|
Dip
|
From
|
To
|
(Metres)*
|
(Metres)
|
gpt
|
C19-24
|
2.0
|
90
|
-65
|
375.75
|
386.25
|
10.50
|
|
0.85
|
including
|
376.50
|
378.75
|
2.25
|
|
1.06
|
including
|
381.75
|
385.50
|
3.75
|
|
1.25
|
|
412.25
|
435.00
|
22.75
|
|
1.00
|
including
|
412.25
|
420.50
|
8.25
|
|
1.24
|
including
|
419.00
|
421.25
|
2.25
|
|
1.96
|
including
|
423.50
|
435.00
|
11.50
|
|
1.01
|
|
451.50
|
507.75
|
56.25
|
30.00
|
2.76
|
including
|
473.25
|
486.25
|
13.00
|
|
3.51
|
including
|
500.50
|
504.75
|
4.25
|
|
14.89
|
|
509.00
|
511.50
|
2.50
|
|
0.53
|
|
516.00
|
519.00
|
3.00
|
|
0.98
|
|
523.50
|
531.50
|
8.00
|
|
1.21
|
including
|
527.75
|
531.50
|
3.75
|
|
2.25
|
C19-15
|
2.0
|
287
|
-70
|
257.95
|
259.45
|
1.50
|
|
0.99
|
|
261.65
|
271.75
|
10.10
|
|
0.92
|
including
|
261.65
|
263.80
|
2.15
|
|
2.31
|
including
|
266.00
|
268.05
|
2.05
|
|
1.19
|
|
282.25
|
291.25
|
9.00
|
|
0.72
|
including
|
288.25
|
291.25
|
3.00
|
|
1.19
|
|
295.00
|
296.50
|
1.50
|
|
0.66
|
|
305.50
|
311.20
|
5.70
|
|
1.43
|
including
|
305.50
|
307.75
|
2.25
|
|
2.42
|
including
|
306.25
|
307.75
|
1.50
|
|
3.38
|
C19-18
|
2.0
|
280
|
-60
|
294.25
|
385.75
|
91.50
|
50.00
|
1.33
|
including
|
307.00
|
318.50
|
11.50
|
|
1.51
|
including
|
310.75
|
317.00
|
6.25
|
|
1.88
|
including
|
335.75
|
360.50
|
24.75
|
15.00
|
2.95
|
including
|
346.25
|
360.50
|
14.25
|
|
4.55
|
including
|
346.25
|
355.50
|
9.25
|
|
6.44
|
including
|
384.75
|
385.75
|
1.00
|
|
2.80
|
C19-19B
|
2.0
|
280
|
-55
|
311.50
|
395.20
|
83.70
|
55.00
|
1.44
|
including
|
312.25
|
323.70
|
11.45
|
|
3.07
|
including
|
336.00
|
338.55
|
2.55
|
|
2.29
|
including
|
346.25
|
350.10
|
3.85
|
|
2.24
|
including
|
367.45
|
384.35
|
16.90
|
|
2.00
|
including
|
367.45
|
373.30
|
5.85
|
|
3.33
|
C19-19C
|
2.0
|
280
|
-60
|
330.50
|
376.50
|
46.00
|
25.00
|
0.72
|
including
|
330.50
|
345.15
|
14.65
|
|
1.05
|
including
|
342.00
|
345.15
|
3.15
|
|
2.55
|
including
|
369.80
|
376.50
|
6.70
|
|
0.94
|
|
379.90
|
382.25
|
2.35
|
|
1.73
|
|
401.50
|
408.25
|
6.75
|
|
1.17
|
including
|
405.00
|
408.25
|
3.25
|
|
1.65
|
C19-20
|
2.0
|
280
|
-45
|
266.25
|
269.25
|
3.00
|
|
1.12
|
|
309.75
|
313.25
|
3.50
|
|
4.44
|
including
|
311.75
|
312.75
|
1.00
|
|
13.10
|
|
330.50
|
334.75
|
4.25
|
|
0.34
|
|
338.50
|
343.00
|
4.50
|
|
0.44
|
|
353.25
|
358.75
|
5.50
|
|
1.54
|
including
|
353.25
|
356.25
|
3.00
|
|
2.16
|
C19-20B
|
2.0
|
280
|
-60
|
365.25
|
375.75
|
10.50
|
|
0.67
|
including
|
365.25
|
372.00
|
6.75
|
|
0.89
|
|
381.00
|
397.50
|
16.50
|
|
0.62
|
including
|
386.25
|
389.00
|
2.75
|
|
1.46
|
|
423.50
|
430.25
|
6.75
|
|
0.38
|
C19-23
|
3.0
|
290
|
-45
|
124.00
|
126.25
|
2.25
|
|
0.80
|
C19-23B
|
3.0
|
290
|
-60
|
160.00
|
166.00
|
6.00
|
|
0.85
|
including
|
162.25
|
166.00
|
3.75
|
|
1.16
|
|
172.75
|
175.00
|
2.25
|
|
0.81
|
|
182.00
|
183.50
|
1.50
|
|
0.56
|
|
204.25
|
207.25
|
3.00
|
|
1.02
|
C19-23C
|
3.0
|
290
|
-70
|
217.50
|
221.25
|
3.75
|
|
0.80
|
|
225.00
|
230.25
|
5.25
|
|
0.81
|
including
|
227.25
|
230.25
|
3.00
|
|
1.05
|
|
235.50
|
239.25
|
3.75
|
|
0.56
|
|
250.50
|
254.00
|
3.50
|
|
1.13
|
including
|
250.50
|
252.00
|
1.50
|
|
2.35
|
|
265.25
|
267.50
|
2.25
|
|
0.98
|
|
272.75
|
275.75
|
3.00
|
|
0.63
|
C19-25
|
3.0
|
290
|
-45
|
143.00
|
153.25
|
10.25
|
|
0.90
|
including
|
145.25
|
149.75
|
4.50
|
|
1.35
|
C19-25B
|
3.0
|
290
|
-60
|
171.00
|
174.00
|
3.00
|
|
0.58
|
|
179.25
|
200.25
|
21.00
|
|
0.95
|
including
|
195.00
|
200.25
|
5.25
|
|
1.99
|
|
208.00
|
209.25
|
1.25
|
|
1.14
|
C19-25C
|
3.0
|
290
|
-70
|
224.20
|
228.50
|
4.30
|
|
0.52
|
|
233.75
|
235.75
|
2.00
|
|
2.76
|
|
246.00
|
275.50
|
29.50
|
12.00
|
2.78
|
including
|
258.55
|
274.75
|
16.20
|
|
4.06
|
including
|
258.55
|
266.65
|
8.10
|
|
4.34
|
including
|
270.95
|
274.75
|
3.80
|
|
6.86
|
|
283.20
|
283.95
|
0.75
|
|
1.05
|
|
286.95
|
288.45
|
1.50
|
|
6.22
|
|
313.75
|
314.50
|
0.75
|
|
1.74
|
* Lengths are reported as core
lengths. True widths vary depending on drill hole
dip.
|
Drill Summary
Zone 2.0
Nine holes were recently drilled within the south-central
portion of Zone 2.0 to test for new areas of strong mineralization,
to explore the plunge projection of previous drilled higher-grade
areas, and to infill gaps in near-surface drill coverage (see press
release dated June 26, 2019). All
holes intersected broad zones of mineralization exhibiting strong
continuity. Hole C19-19, the most northern of the nine holes
(Figure 1), tested a new area to depth below a historical vertical
hole, and intersected extensive mineralization 200 metres below
surface returning 60.75 metres of 2.61 gpt Au, including 13.40
metres of 4.45 gpt Au, and including 7.75 metres of 6.85 gpt Au
(Figure 2). The higher-grade core to the intercept may indicate the
presence of a plunging shoot similar to Zone 1.5.
Two additional holes were drilled on the same section to
explore below C19-19 and have added an additional 140 metres of
mineralization to depth (Figure 2). Hole C19-19B intersected 83.70 metres of 1.44 gpt Au,
including 11.45 metres of 3.07 gpt Au, and including 16.90 metres
of 2.00 gpt Au. The steeper of the three holes, C19-19C, returned
46.00 metres of 0.72 gpt Au, including 14.65 metres of 1.05 gpt Au,
and including 3.15 metres of 2.55 gpt Au. The intensity of
mineralization appears to weaken to depth on this section which may
reflect the overlying steeply northward plunge of the higher-grade
core. Mineralization remains open to the north.
Hole C19-18 was drilled 50 metres southwest of the C19-19
series holes below shallow historical drilling to explore an area
that had never been tested to depth (Figure 1). The hole
encountered a broad zone of higher-grade mineralization to a depth
of 320 metres that assayed 91.50 metres of 1.33 gpt Au, including
24.75 metres of 2.95 gpt Au, 14.25 metres of 4.55 gpt Au, and 9.25
metres of 6.44 gpt Au (Figure 3). This represents a new discovery
in this part of the sill that remains open in all directions.
Additional drilling is being planned to follow-up on this
discovery.
Holes C19-20 and 20B lie 105
metres north of C19-19 within the central portion of the zone
(Figure 1). Drilling in 2012 documented wide zones of
mineralization at depth below the #2 Pit (see press release dated
June 20, 2012). The C19-20 holes were
drilled on the same section as previous holes C12-02 and
02B that recorded up to 23.45 metres
of 1.58 gpt Au, including 3.20 metres of 4.92 gpt Au gold, and
including 13.50 metres of 1.57 gpt Au. However, the C19-20 holes
did not intersect similar mineralization.
Hole C19-15 was collared 300 metres southwest of C19-19
near the south end of the #2 Pit, an area that remains largely
unexplored to depth (Figure 1). The hole targeted an area 300
metres below the pit along the projected northern plunge of shallow
mineralization intersected by holes C18-26 and 26B highlighted by 25.25 metres of 3.42 gpt Au,
including 12.75 metres of 5.05 gpt Au, and 7.25 metres of 7.10 gpt
Au; and 39.50 metres of 1.54 gpt Au, including 10.50 metres of 3.07
gpt Au, and 2.50 metres of 6.76 gpt Au (see press release dated
November 19, 2018). Although C19-15
intersected mineralization throughout a 50-metre downhole section,
it failed to encounter significant higher-grade mineralization on
this section.
Hole C19-24 was drilled within the northern part of Zone
2.0 (Figure 1) to extend mineralization previously reported in
holes C17-09, 09B, 09C and C17-010
and 10B (see press release dated
August 24, 2017), and holes C17-06,
06B, and 06C (see press release dated
July 13, 2017), the first holes
drilled into the resource gap between Zones 1.5 and 2.0. The 2017
holes were laid out to test for the possible convergence of the two
zones into a much larger higher-grade domain. All holes generated
strong intercepts indicating continuity exists between the zones
and that the collective domain may extend upwards of 350 metres in
strike and to a depth of 350 metres where it remains open. C19-24
was drilled on the same section as the C17-06 series holes to
explore 40 metres below C17-06C, intersecting 56.25 metres of 2.76
gpt Au, including 13.00 metres of 3.51 gpt Au gold, and including
4.25 metres of 14.89, successfully extending mineralization on this
section to over 450 metres in vertical depth, where it remains open
(Figure 4).
Zone 3.0
Zone 3.0 remains largely underexplored; however five holes
were recently drilled to follow-up on some earlier promising
higher-grade intersections (see press release dated May 28, 2019). This resulted in the expansion of
the zone northward and to new depths where it remains open below
250 metres. Recently completed holes C19-23, 23B, and 23C were collared 50 metres north of
previous holes C19-07, 07B, and 07C
within the northern part of the zone to track projected
mineralization down-plunge as highlighted by hole C19-07
intersection of 35.45 metres of 2.14 gpt Au, including 10.95 metres
of 3.90 gpt Au, and including 2.75 metres of 8.17 gpt Au (see press
release dated May 28, 2019). All
three of the C19-23 series holes occur north of a
cross fault defined by a recently completed LIDAR survey and
intersected mineralization; however, they did not encounter similar
widths and intensity of mineralization as reported for the C19-07
holes located south of the fault.
Holes C19-25, 25B, and 25C
were intended to trace the mineralization another 50 metres north
of C19-23, on a section that had never been drilled (Figure 1). All
holes reported mineralization highlighted by a broad intercept in
the steeper hole C19-25C which returned 29.50 metres of 2.78 gpt
Au, including 16.20 metres of 4.06 gpt, and 3.80 metres of 6.86 gpt
Au, extending mineralization to depth on this section over 250
metres where it remains open (Figure 5).
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 Global Assay Laboratory in Vancouver, BC ("ALS
Global"). ALS Global is an ISO/IEC 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
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 July 26, 2018, 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 continued exploration
programs (including size and budget) and the ability to advance
targets and the timing and results thereof; the
ability to expand the current resource at Colomac with additional
drilling and the ability to discover and define new higher-grade
gold zones including any impact on the overall grade.
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, 2018,
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.