INTERCEPTS 124.50 METRES OF 1.12 GPT AU,
INCLUDING 13.50 METRES OF 3.60 GPT AU, AND INCLUDING 4.75 METRES OF
7.64 GPT AU
TORONTO, Oct. 31, 2019 /PRNewswire/ - Nighthawk Gold Corp.
("Nighthawk" or the "Company") (TSX: NHK) is
pleased to provide the results for five drillholes (2,862 metres)
completed on Zones 1.5 and 2.0 of the Colomac Main Sill, part of
the Colomac Gold Project ("Colomac") centrally located
within its Indin Lake Gold Property, Northwest Territories, Canada. Drilling has
provided additional evidence for the merger of high-grade Zone 1.5
with the northern part of Zone 2.0 and extended this broad panel of
mineralization to new depths below previously reported
intersections. Current drilling has established continuity over
significant widths with a pathway for expansion along strike and to
depth. The Company has now reported results for 49 drillholes
(18,902 metres) of the 91 drillhole (35,018 metre) 2019 program at
Colomac.
Three of the five holes were drilled to test the deposit's depth
extension marginal to the Zone 1.5 - Zone 2.0 boundary fault, a
subvertical northeast-southwest (070o) fault that
offsets the two zones creating a slight "dogleg" in the localized
strike of the sill (Figure 1). All holes intersected extensive
mineralization with C19-35 returning 124.50 metres of 1.12 gpt Au,
including 13.50 metres of 3.60 gpt Au, and including 4.75 metres of
7.64 gpt Au; and hole C19-39 returning 118.50 metres of 1.57 gpt
Au, including 32.50 metres of 2.62 gpt Au, and including 7.75
metres of 5.10 gpt Au (Table 1).
Dr. Michael Byron, President
and Chief Executive Officer said, "These latest holes have been
instrumental in demonstrating that wide panels of mineralization
with strong continuity exist to depth, lateral to the boundary
fault that separates Zones 1.5 and 2.0. This extensive domain of
higher-grade mineralization appears to span the two zones and
possibly postdates the fault as it shows no indication of fault
disruption or diminution. Drilling of the Colomac Main Sill
continues to document cohesive zones of mineralization
uninterrupted to depth with relatively uniform distribution. We are
confident that these characteristics highlight Colomac's impressive
growth potential as a bonafide multi-million-ounce deposit."
Colomac Drilling Highlights:
Zone 1.5
- Hole C19-35 tested an area to depth immediately north of the
boundary between high-grade Zone 1.5 and Zone 2.0 and intersected
124.50 metres of 1.12 gpt Au (70 metres true width), including
13.50 metres of 3.60 gpt Au, and including 4.75 metres of 7.64 gpt
Au, extending mineralization on this section to 530 metres depth
where it remains open.
Zone 2.0
- Hole C19-39 was drilled on the same section as previously
reported holes C19-24 (see press release dated July 31, 2019) and the C17-06 series holes (see
press release dated July 13, 2017).
Hole C19-39 intersected 118.50 metres of 1.57 gpt Au (65 metres
true width), including 32.50 metres of 2.62 gpt Au, and including
7.75 metres of 5.10 gpt Au. Mineralization on this section spans
from near surface to depth in excess of 550 metres where it remains
open.
- Hole C19-37 undercut previous hole C17-10B (see press release dated August 24, 2017) and intersected 35.75 metres of
1.26 gpt Au (22 metres true width), including 12.60 metres of 2.29
gpt Au, and including 8.00 metres of 2.70 gpt Au, extending
mineralization on this drill section to a depth of 450 metres where
it remains open.
- The panel of mineralization that spans Zone 1.5 and 2.0 extends
upwards of 400 metres in strike, to a depth of 570 metres, and
remains open in both dimensions.
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
|
C19-33
|
1.5
|
83
|
-45
|
318.25
|
320.50
|
2.25
|
|
0.48
|
|
331.75
|
334.00
|
2.25
|
|
0.37
|
C19-33B
|
1.5
|
83
|
-55
|
400.25
|
401.00
|
0.75
|
|
0.65
|
C19-35
|
1.5
|
90
|
-65
|
488.75
|
490.25
|
1.50
|
|
0.57
|
|
503.00
|
509.00
|
6.00
|
|
2.15
|
including
|
503.75
|
507.50
|
3.75
|
|
3.06
|
|
517.25
|
641.75
|
124.50
|
70
|
1.12
|
including
|
517.25
|
522.50
|
5.25
|
|
2.33
|
including
|
536.25
|
538.75
|
2.50
|
|
1.63
|
including
|
542.50
|
544.50
|
2.00
|
|
1.45
|
including
|
549.75
|
555.75
|
6.00
|
|
1.45
|
including
|
583.00
|
641.75
|
58.75
|
32
|
1.64
|
including
|
583.00
|
616.25
|
33.25
|
|
2.21
|
including
|
583.00
|
592.25
|
9.25
|
|
2.36
|
including
|
583.00
|
590.00
|
7.00
|
|
2.70
|
including
|
602.75
|
616.25
|
13.50
|
|
3.60
|
including
|
602.75
|
607.50
|
4.75
|
|
7.64
|
including
|
614.75
|
616.25
|
1.50
|
|
3.88
|
including
|
622.25
|
626.75
|
4.50
|
|
1.14
|
|
|
|
|
|
|
|
|
|
including
|
632.00
|
635.75
|
3.75
|
|
2.09
|
including
|
633.50
|
635.75
|
2.25
|
|
2.74
|
including
|
640.25
|
641.75
|
1.50
|
|
4.62
|
|
647.00
|
656.25
|
9.25
|
|
0.72
|
including
|
652.25
|
656.25
|
4.00
|
|
1.08
|
|
661.50
|
665.25
|
3.75
|
|
0.61
|
C19-37
|
2.0
|
90
|
-60
|
440.50
|
450.50
|
10.00
|
|
0.61
|
including
|
440.50
|
445.75
|
5.25
|
|
0.80
|
|
458.75
|
460.75
|
2.00
|
|
0.96
|
|
463.75
|
466.00
|
2.25
|
|
0.79
|
|
481.00
|
499.75
|
18.75
|
|
0.71
|
including
|
481.00
|
485.75
|
4.75
|
|
0.92
|
including
|
482.25
|
485.75
|
3.50
|
|
1.01
|
including
|
490.25
|
499.75
|
9.50
|
|
0.83
|
|
512.00
|
543.50
|
31.50
|
20
|
1.02
|
including
|
526.25
|
528.50
|
2.25
|
|
1.28
|
including
|
533.50
|
542.75
|
9.25
|
|
2.09
|
including
|
538.75
|
542.00
|
3.25
|
|
3.96
|
|
552.50
|
554.50
|
2.00
|
|
1.19
|
|
562.75
|
598.50
|
35.75
|
22
|
1.26
|
including
|
568.90
|
581.50
|
12.60
|
|
2.29
|
including
|
571.25
|
579.25
|
8.00
|
|
2.70
|
including
|
576.00
|
579.25
|
3.25
|
|
4.09
|
C19-39
|
2.0
|
90
|
-65
|
459.00
|
460.50
|
1.50
|
|
0.56
|
|
476.50
|
528.25
|
51.75
|
30
|
1.37
|
including
|
478.00
|
502.25
|
24.25
|
|
1.48
|
including
|
481.00
|
491.00
|
10.00
|
|
2.35
|
including
|
481.00
|
487.00
|
6.00
|
|
3.40
|
including
|
484.75
|
487.00
|
2.25
|
|
6.38
|
including
|
505.75
|
514.00
|
8.25
|
|
2.43
|
including
|
507.75
|
513.50
|
5.75
|
|
2.84
|
|
540.75
|
659.25
|
118.50
|
65
|
1.57
|
including
|
551.75
|
565.50
|
13.75
|
|
1.99
|
including
|
558.00
|
565.50
|
7.50
|
|
2.30
|
including
|
561.75
|
565.50
|
3.75
|
|
3.35
|
including
|
563.00
|
565.50
|
2.50
|
|
4.28
|
|
|
|
|
|
|
|
|
|
including
|
574.00
|
575.50
|
1.50
|
|
3.69
|
including
|
578.90
|
582.00
|
3.10
|
|
1.80
|
including
|
587.25
|
590.25
|
3.00
|
|
1.68
|
including
|
597.25
|
599.75
|
2.50
|
|
3.11
|
including
|
612.25
|
659.25
|
47.00
|
|
2.20
|
including
|
626.75
|
659.25
|
32.50
|
20
|
2.62
|
including
|
627.25
|
630.25
|
3.00
|
|
2.92
|
including
|
643.25
|
659.25
|
16.00
|
|
3.63
|
including
|
647.25
|
659.25
|
12.00
|
|
4.15
|
including
|
651.50
|
659.25
|
7.75
|
|
5.10
|
including
|
656.50
|
659.25
|
2.75
|
|
11.15
|
*
|
Lengths are
reported as core lengths. True widths vary depending on drill hole
dip.
|
Drill Summary
Zone 2.0
Two holes were drilled within the northern section of the zone
immediately south of the Zone 1.5 - Zone 2.0 boundary fault to test
mineralization to depth, below previously drilled holes that
returned wide intercepts within the top of the sill (Figure 1).
Hole C19-37, the southernmost of the two, was drilled on the same
section as C17-10B which intersected
86.30 metres of 1.45 gpt Au, including 23.30 metres of 1.98 gpt Au,
and including 8.40 metres of 3.03 gpt Au (see press release dated
August 24, 2017). C19-37 encountered
two broad gold intercepts with an upper intersection of 31.50
metres of 1.02 gpt Au, and a lower main intersection of 35.75
metres of 1.26 gpt Au, including 12.60 metres of 2.29 gpt Au, and
including 8.00 metres of 2.70 gpt Au, successfully extending
mineralization on this section an additional 180 metres to a depth
where it is now in excess of 450 metres and open in all directions
(Figure 2).
Hole C19-39 was collared 50 metres north of C19-37 to extend
mineralization previously reported in holes C17-06, 06B, and 06C (see press release dated
July 13, 2017), and hole C19-24 (see
press release dated July 31, 2019).
The C17-06 series holes were among the first drilled into the
resource gap between Zones 1.5 and 2.0 to test for the possible
convergence of the two zones into a larger higher-grade domain.
C19-24 was drilled on the same section as the C17-06 holes and
extended the domain an additional 40 metres to depth, 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. Hole C19-39 was collared
50 metres west of C19-24 to drill deeper on this section and
intersected two broad gold intercepts; an upper section of 51.75
metres of 1.37 gpt Au, including 10.00 metres of 2.35 gpt Au, and
an 8.25 metres of 2.43 gpt Au, and a lower main section that
returned 118.50 metres of 1.57 gpt Au, including 32.50 metres of
2.62 gpt Au, and including 7.75 metres of 5.10 gpt Au (Figure 3).
C19-39 successfully extended mineralization on this section to a
vertical depth in excess of 550 metres, where it remains open. Hole
C19-39B was drilled 100 metres below
C19-39 but results are pending.
Drilling to-date within the gap region between Zones 1.5 and 2.0
shows continuity between the zones and has established that the
collective domain now extends upwards of 400 metres in strike to a
depth of 570 metres and remains open.
Zone 1.5
C19-35 was collared 110 metres from C19-39 just north of the
boundary fault (Figure 1). It was drilled to undercut the
previously reported intersect in hole C19-17 of 58.50 metres of
1.93 gpt Au, including 13.55 metres of 4.58 gpt Au, and including
4.55 metres of 10.26 gpt Au (see press release dated September 5, 2019). Hole C19-17 was one of
several holes that explored the zone's southern extension and
infilled an area 70 metres south of hole C19-08, which recorded the
project's best intercept to-date of 56.00 metres of 13.49 gpt Au,
including 30.50 metres of 22.12 gpt Au, and including 16.50 metres
of 34.18 gpt Au (see press release dated May
28, 2019). Hole C19-35 tracked 100 metres below C19-17
intersecting 124.50 metres of 1.12 gpt Au, including 13.50 metres
of 3.60 gpt Au, and including 4.75 metres of 7.64 gpt Au, extending
mineralization to a depth of 530 metres on this section where it
remains open (Figure 4)
Holes C19-33 and C19-33B lie 450
metres north of C19-35 (Figure 1). These shorter holes tested a
region above the plunge of Zone 1.5 in an area that had never been
drilled to depth, to determine if the top of the plunging zone
extends closer to surface. Although both holes reported
intersections, they were not typical of the zone's higher-grade
nature, indicating that the well-mineralized part of the zone is
much deeper on this section.
Assay results are pending for the remaining 50 drillholes
(18,543 metres) of the 2019 drill program including drilling on the
Colomac Main Sill, the Goldcrest Sill, and Treasure Island.
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 12-18
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.
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.