Nighthawk Gold Corp. (“Nighthawk” or the
“Company”) (TSX: NHK; OTCQX: MIMZF) is pleased to
report the completion of its 2022 Exploration Program drilling
ahead of schedule and under budget. The Company has drilled 40,085
metres (“m”) with the primary goal of expanding the
near-surface known mineralization on its district-scale property in
the Northwest Territories, Canada. Drill assay results are pending
for approximately 30,000 m of drilling from the Colomac Centre area
(Colomac Main, Grizzly Bear, and 24/27 Deposits) and the Kim and
Cass Deposits. Nighthawk is currently conducting an airborne
electromagnetic geophysical surveying of its district-scale
property. The Company has also commenced baseline environmental
work at the Colomac Centre as part of the work needed for its
operating permits.
Keyvan Salehi, P.Eng. (Nighthawk President & CEO)
commented, “We are pleased to complete this year’s drill season
ahead of schedule, under budget, while maintaining the safety and
security of our personnel at site without any lost time injuries.
We are very pleased with the drill assay results received so far.
We look forward to updating the markets on the pending assay
results, once received and analyzed. We are also completing a
geophysics program, which will provide us with important
information that will guide our future exploration programs.
Currently, we remain well-funded for next year’s exploration
program.”
Qualified Person John McBride, MSc., P.Geo., Vice
President of Exploration for 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.
About Nighthawk Nighthawk is a Canadian-based gold
exploration company with 100% ownership of more than 930 km2 of
district-scale land position within the Indin Lake Greenstone Gold
Belt, located approximately 200 km north of Yellowknife, Northwest
Territories, Canada. The Company is advancing several highly
prospective exploration targets. The Colomac Centre and Satellite
deposits currently has a Mineral Resource Estimate1 of 58.2 million
tonnes grading 1.44 g/t Au for 2.69 million ounces in the Indicated
category and 19.7 million tonnes grading 2.10 g/t Au for 1.33
million ounces in the Inferred category. Nighthawk’s experienced
management team, with a track record of successfully advancing
projects and operating mines, is working towards demonstrating the
economic viability of its assets and rapidly advancing its projects
towards a development decision.
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 mineral resource estimates, potential expansion of
pit-constrained mineralization, potential expansion of mineral
resource estimates, the potential for higher-grade assay results,
continued exploration and drilling initiatives, and being
well-funded to complete these initiatives and for the 2023
exploration program, the prospectivity of exploration targets, the
potential economic viability of the assets, and the advancement of
projects towards a development decision. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as “add” or “additional”, “advancing”,
“anticipates” or “does not anticipate”, “appears”, “believes”, “can
be”, “continue”, “demonstrating”, “estimates”, “encouraging”,
“expand” or “expanding” or “expansion”, “expect” or “expectations”,
“forecasts”, “forward”, “goal”, “increase”, “intends”,
“justification”, “support”, “plans”, “potential” or “potentially”,
“prospective”, “prioritize”, “reflects”, “scheduled”, “suggesting”,
“updating”, “warrant”, “will be” or “will consider”, “work
towards”, 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, impact of inflation, impact of
the war in Ukraine, risks associated with the COVID-19 pandemic,
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, 2021,
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.
_________________________
1 For more information on the Mineral
Resource Estimate (“2022 MRE”) please refer to the March 8,
2022 news release and in the Company’s NI 43-101 technical report
entitled “NI 43-101 Technical Report and Update of the Mineral
Resource Estimate for the Indin Lake Gold Property, Northwest
Territories, Canada” and dated March 31, 2022 (“Technical
Report”), which is available on SEDAR www.sedar.com and on the
Company’s website at www.nighthawkgold.com. John McBride, Vice
President of Exploration of Nighthawk, who is the “Qualified
Person” as defined by NI 43-101, has reviewed, and approved of the
scientific and technical disclosure contained in this news
release
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version on businesswire.com: https://www.businesswire.com/news/home/20220825005195/en/
NIGHTHAWK GOLD CORP. Tel: 1-416-880-7090; Email:
info@nighthawkgold.com Website: www.nighthawkgold.com Keyvan
Salehi President & CEO Michael Leskovec CFO Allan
Candelario VP, Corporate Development and Investor Relations
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