TORONTO, March 27, 2020 /CNW/ - Nighthawk Gold Corp.
("Nighthawk" or the "Company") (TSX: NHK; OTCQX:
MIMZF) announces that in light of the current Covid-19
("Coronavirus") pandemic, Nighthawk is in the process of
temporarily suspending exploration activities on its Indin Lake
Gold Property located in the Northwest
Territories, Canada. The Colomac camp will temporarily close
by the first week of April as precautions have been taken to ensure
the safety and well being of all personnel at site, as well as the
surrounding communities. The Company is not aware of any site
personnel having contracted Coronavirus to date, however these
measures are being taken to ensure they are not placed at undue
risk. In an effort to reduce G&A costs during this time, the
Company has decreased its marketing budget and Management and
Directors have agreed to a reduction in cash compensation for the
second quarter.
Nighthawk opened its camp in late February and commenced
drilling activities on March 13, with
three drills and a planned 25,000-metre drill program. There is
currently no timeframe for this temporary suspension of exploration
activities, while ongoing metallurgical testwork, preparation of an
updated mineral resource estimate, and subsequently the preparation
of an internal scoping study has not been affected. Any updates
will be provided as they become available.
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.
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SOURCE Nighthawk Gold Corp.