TORONTO, Feb. 19, 2020 /CNW/ - Nighthawk Gold Corp.
("Nighthawk" or the "Company") (TSX: NHK; OTCQX:
MIMZD) is pleased to report drill results from the Goldcrest
sill ("Goldcrest"), a parallel sill located 400 metres east
of the Colomac Main sill ("Colomac Main"), and part of
the Company's flagship Colomac Gold Project ("Colomac"),
located within the north-central portion of its 100% owned Indin
Lake Gold Property Northwest Territories, Canada (Table 1, Figure
1). Seven holes (2,190 metres) were drilled to follow-up on areas
highlighted by Nighthawk's three previous drill campaigns, and to
target new resource expansion opportunities within Goldcrest's
southern section ("Goldcrest South").
Dr. Michael Byron, President
and Chief Executive Officer said, "Goldcrest is very similar to
Colomac Main except it has been drilled significantly less and has
a shorter strike length of 2.5 kilometres compared to the
9-kilometre strike length of Colomac Main. Goldcrest was last
drilled in 2017 and several key areas remain unexplored as
illustrated by the high-grade intercept in hole C19-05. This hole
was drilled within a previously untested section of the sill
tracing strong continuity of mineralization to depth. We continue
to encounter robust mineralization throughout the Colomac area
sills, which reinforces our belief that with continued exploration,
new discoveries and ongoing expansion of known zones will
follow."
All holes intersected gold mineralization over a strike length
of 400 metres within Goldcrest South (Figure 1). Most of the holes
were drilled steeply in order to explore the sill below previous
drilling and encountered new mineralization intersected over
significant downhole lengths. Values typical of Colomac Main-type
high-grade zones were encountered in hole C19-05 with the latest
holes extending mineralization to new depths. Large portions of the
sill remain unexplored to depth as well as along strike to the
south, within the northern portion of Goldcrest ("Goldcrest
North"), and within the 800-metre section that separates
Goldcrest South and Goldcrest North (Figure 1).
Goldcrest Drilling Highlights:
- Hole G19-05 intersected 68.50 metres (8.00 metre true width)
of 2.00 gpt Au, including 15.50 metres of 5.47 gpt Au, and
including 4.25 metres of 16.98 gpt Au (Figure 2). Two
additional downhole intercepts returned 15.25 metres (2.00 metre
true width) of 1.77 gpt Au including 4.00 metres of 5.31 gpt Au,
and 16.25 metres of 1.46 gpt Au including 1.5 metres of 9.25 gpt
Au.
-
- Subvertical hole G19-05 was drilled down the sill in an open
area between two previous Nighthawk holes and intersected 130
metres of relatively continuous downhole mineralization throughout
a 20.00 metre true width to a vertical depth of 153 metres where it
remains open.
- Hole G19-02 returned several intersects of continuous
mineralization highlighted by a deep intercept of 7.75 metres (2.00
metre true width) of 6.95 gpt Au, including 3.25 metres of 15.83
gpt Au at a 425-metre vertical depth (Figure 3).
-
- Hole G19-02 is the deepest hole ever drilled at Goldcrest. It
was intended to explore the sill's depth potential and intersected
nine separate stacked mineralized lenses distributed among
alternating horizontal bands of quartz gabbro and quartz diorite
over its 501-metre downhole length. This type of layering has not
been documented elsewhere within the sill.
- The current holes have infilled gaps in drill coverage within
the main body of the sill and explored new areas to depth with all
holes intersecting mineralization.
- Goldcrest has been drilled significantly less than Colomac
Main, thus the potential for new discoveries remains high. Ongoing
success in locating and expanding new higher-grade zones within
Goldcrest offers strong support for resource expansion
opportunities going forward.
Note: All assays are uncut (see Table 1)
Table 1. Goldcrest Drill Results – Summary Table (uncut)
The FULL ASSAY TABLE and corresponding
discussion is available as a media document within this release as
well as on the Company's website at
https://www.nighthawkgold.com/news
Hole
ID
|
Collar
Orientations
(degrees)
|
Intersection
(Metres)
|
Core
Length
|
True
Width
|
Gold
Grade
|
Azimuth
|
Dip
|
From
|
To
|
(Metres)*
|
(Metres)
|
gpt
|
G19-01
|
110
|
-75
|
137.50
|
139.50
|
2.00
|
|
25.40
|
|
154.20
|
167.75
|
13.55
|
|
0.89
|
including
|
161.50
|
167.15
|
5.65
|
|
1.55
|
including
|
162.25
|
163.75
|
1.50
|
|
2.60
|
including
|
165.25
|
167.15
|
1.90
|
|
2.05
|
|
175.00
|
190.75
|
15.75
|
|
0.57
|
including
|
182.50
|
186.25
|
3.75
|
|
1.12
|
including
|
182.50
|
185.50
|
3.00
|
|
1.30
|
|
200.25
|
205.30
|
5.05
|
|
1.40
|
including
|
204.00
|
205.30
|
1.30
|
|
3.21
|
|
312.50
|
322.45
|
9.95
|
|
1.02
|
including
|
312.50
|
318.20
|
5.70
|
|
1.27
|
including
|
312.50
|
314.75
|
2.25
|
|
2.49
|
including
|
312.50
|
316.00
|
3.50
|
|
1.75
|
including
|
320.45
|
322.45
|
2.00
|
|
1.44
|
G19-02
|
110
|
-85
|
7.00
|
14.00
|
7.00
|
|
1.74
|
including
|
7.00
|
10.00
|
3.00
|
|
3.44
|
|
72.75
|
79.65
|
6.90
|
|
1.06
|
including
|
72.75
|
76.45
|
3.70
|
|
1.25
|
including
|
77.70
|
79.65
|
1.95
|
|
1.15
|
|
88.45
|
89.00
|
0.55
|
|
10.20
|
|
159.75
|
166.50
|
6.75
|
2.00
|
3.18
|
including
|
159.75
|
162.75
|
3.00
|
|
6.54
|
|
197.75
|
203.50
|
5.75
|
|
0.56
|
|
227.00
|
232.25
|
5.25
|
|
0.42
|
|
331.60
|
339.25
|
7.65
|
|
1.18
|
including
|
336.25
|
338.50
|
2.25
|
|
3.59
|
|
352.75
|
361.75
|
9.00
|
|
1.30
|
including
|
355.75
|
357.25
|
1.50
|
|
5.30
|
|
425.00
|
432.75
|
7.75
|
2.00
|
6.95
|
including
|
426.50
|
429.75
|
3.25
|
|
15.83
|
|
436.50
|
441.75
|
5.25
|
|
0.77
|
G19-03
|
290
|
-45
|
93.00
|
96.25
|
3.25
|
|
0.67
|
|
102.25
|
106.00
|
3.75
|
|
0.81
|
including
|
103.00
|
105.25
|
2.25
|
|
1.16
|
G19-03B
|
|
|
137.90
|
139.25
|
1.35
|
|
1.23
|
|
141.40
|
147.20
|
5.80
|
|
1.30
|
including
|
143.50
|
146.60
|
3.10
|
|
2.06
|
G19-04
|
110
|
-80
|
180.50
|
187.25
|
6.75
|
|
0.38
|
including
|
180.50
|
183.50
|
3.00
|
|
0.45
|
G19-05
|
290.00
|
-85
|
17.50
|
86.00
|
68.50
|
8.00
|
2.00
|
including
|
22.00
|
30.00
|
8.00
|
|
2.10
|
including
|
22.00
|
25.75
|
3.75
|
|
3.23
|
including
|
22.75
|
25.00
|
2.25
|
|
4.86
|
including
|
28.00
|
30.00
|
2.00
|
|
2.21
|
including
|
41.25
|
42.00
|
0.75
|
|
3.45
|
including
|
45.00
|
48.75
|
3.75
|
|
2.27
|
including
|
70.50
|
86.00
|
15.50
|
2.00
|
5.47
|
including
|
74.25
|
78.50
|
4.25
|
|
16.98
|
|
96.50
|
111.75
|
15.25
|
|
1.77
|
including
|
96.50
|
100.50
|
4.00
|
|
5.31
|
|
121.25
|
137.50
|
16.25
|
|
1.46
|
including
|
121.25
|
122.50
|
1.25
|
|
4.73
|
including
|
136.00
|
137.50
|
1.50
|
|
9.25
|
|
147.00
|
148.00
|
1.00
|
|
1.65
|
G19-06
|
110
|
-80
|
145.00
|
146.00
|
1.00
|
|
1.01
|
|
* Lengths are reported as core
lengths. True widths vary depending on drill hole
dip.
|
Goldcrest is a 2.5-kilometre-long mineralized differentiated
igneous intrusion that lies parallel to Colomac Main located 400
metres to the east. The sills are believed to be co-magmatic and
have intruded a package of dominantly mafic volcanic rocks that
were subsequently folded upright such that stratigraphic tops are
now facing east. Gold mineralization is largely restricted within
the more silica-rich upper portions of the sills, an area that is a
primary exploration focus for the Company. The Goldcrest deposit is
currently composed of two main regions of mineralization: Goldcrest
South and Goldcrest North (Figure 1). The much smaller Goldcrest
North is located 800 metres northwest of Goldcrest South and may
possibly represent a detached portion of the sill. The area
separating the two regions has never been drilled.
The Company has now completed four drill programs at Goldcrest
(see press releases dated September 25,
2014; November 26, 2014;
October 12, 2016; November 24, 2016; December 21, 2016; and December 13, 2017), yet it remains largely
underexplored along strike and to depth.
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
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 find new discoveries or expand known
zones. 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.
![NIGHTHAWK DRILLING AT GOLDCREST INTERCEPTS 15.50 METRES OF 5.47 GPT AU (UNCUT) INCLUDING 4.25 METRES OF 16.98 GPT AU (CNW Group/Nighthawk Gold Corp.) NIGHTHAWK DRILLING AT GOLDCREST INTERCEPTS 15.50 METRES OF 5.47 GPT AU (UNCUT) INCLUDING 4.25 METRES OF 16.98 GPT AU (CNW Group/Nighthawk Gold Corp.)](https://mma.prnewswire.com/media/1092215/08_NHK_Goldcrest_South_Drilling___19Feb20_FINAL_5.pdf?p=pdfthumbnail)
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