TORONTO, Feb. 13, 2020 /CNW/ - Nighthawk Gold Corp.
("Nighthawk" or the "Company") (TSX: NHK; OTCQX:
MIMZF) is pleased to report that the recently elected
government of the Northwest
Territories ("NWT"), has published the Mandate of the
Government, 2019-2023 (the "mandate"), which outlines
progressive initiatives with respect to the mineral resource
industry and infrastructure improvements. Of the 22 priorities set
by the government in October, the mandate includes objectives with
respect to, increase resource exploration and development;
strategic infrastructure investments; and settle and implement
treaty, land, resources, and self-government agreements. Please
follow this link for the full mandate as released last week.
Highlights:
- Increase resource exploration and development: Renewed
exploration activity is needed to restore levels of investment,
partnership, employment, and growth in the NWT's economy
- Make strategic infrastructure investments that connect
communities, expand the economy or reduce the cost of living,
including the Mackenzie Valley Highway, the Slave Geological
Corridor and the Taltson Hydro Project: These projects will
provide the foundational infrastructure to support an improved
quality of life and lower cost of living for NWT residents, as well
as support the expansion and diversification of the
economy
- Settle and implement treaty, land, resources, and
self-government agreements: Concluding agreements with our
Indigenous government partners will advance reconciliation,
recognize and affirm Aboriginal and treaty rights, support program
and service delivery by Indigenous governments set the stage for
further economic development in the NWT
Dr. Michael Byron, President
and Chief Executive Officer said, "We have been operating in
the NWT since 2009 and have benefited from both territorial and
Indigenous government support. We have enjoyed the ease of access
to government representatives who have been extremely supportive of
the industry and fostering growth for the territory. The newly
elected government continues those efforts to encourage and
facilitate resource development, foster economic viability for the
people and ensure all stakeholders remain committed to a brighter
future for the territory. Nighthawk is supportive of these
initiatives and looks forward to their implementation and the
resulting benefits that will flow to the NWT.
"We had the pleasure of catching up with the government at the
recent AME Roundup conference in Vancouver and were greatly impressed with
their energy and commitments as stated within the mandate. We
continue to be thankful and proud to be working in the NWT."
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
months.
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, initiatives as proposed by the NWT
government, their timing, and any direct impact to Nighthawk.
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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/nighthawk-highlights-nwt-government-strong-mandate-for-support-of-increased-resource-exploration-and-development-301004145.html
SOURCE Nighthawk Gold Corp.