- Global Mineral Resource Estimate: 3.4 Million Ounces (@ 1.50
g/t Au) Indicated and 1.7 million Ounces (@ 2.17 g/t)
Inferred
- Open-Pit Mineral Resource Estimate: 2.8 Million Ounces (@
1.45 g/t Au) Indicated and 0.8 Million Ounces (@ 2.32 g/t Au)
Inferred
Nighthawk Gold Corp. (“Nighthawk” or the
“Company”) (TSX: NHK; OTCQX: MIMZF) is pleased to report an
updated Mineral Resource Estimate1 (the “2023 MRE”) on the
Colomac Gold Project (the “Project”), located 200 kilometres
(“km”) north of Yellowknife, Northwest Territories, Canada
(please see Table 1 for the 2023 MRE Summary). The 2023 MRE
demonstrates a significant expansion of the open-pit (“OP”)
mineralization compared to the estimates reported in 20222
(“2022 Estimate”) and the potential for a future
large-scale, OP project within the Company’s District-Scale
exploration land package.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230209005475/en/
Figure 1 - District-Scale Gold Property
Map – Northwest Territories, Canada (Graphic: Business Wire)
Table 1: 2023 MRE Summary1** (Effective date of February
9, 2023). Please review “Notes to Accompany the 2023 MRE” at the
end of the news release for additional information.
Indicated Mineral
Resource
Inferred Mineral
Resource
Potential
mining method
Tonnes
(000s)
Grade
(g/t Au)
Contained
gold ounces
Tonnes
(000s)
Grade
(g/t Au)
Contained
gold ounces
Open Pit (OP)
59,846
1.45
2,804,000
10,773
2.32
802,000
Underground (UG)
10,486
1.73
584,000
13,526
2.05
889,000
Global (OP + UG)
70,432
1.50
3,388,000
24,299
2.17
1,691,000
**Numbers may not add up due to rounding.
Highlights:
- 36% Increase in the total OP Indicated Mineral Resource
estimate ounces and a +5% increase in grade compared to the
2022 Estimate2 (See Table 2);
- 34% Increase in the total OP Inferred Mineral Resource
estimate ounces and a 3% decrease in grade compared to the 2022
Estimate2 (See Table 2);
- 26% Increase in the Global Indicated Mineral Resource
estimate ounces and a +4% in grade compared to the 2022
Estimate2 (See Table 2);
- 27% Increase in the Global Inferred Mineral Resource
estimate ounces and a +3% increase in grade compared to the 2022
Estimate2 (See Table 2); and
- Maiden Colomac Gold Project Preliminary Economic Assessment
(“PEA”) scheduled to be completed mid-2023.
Table 2: Comparison between 2023 MRE1** and 2022
Estimate2** – OP and UG Mineralization. Please review
“Notes to Accompany the 2023 MRE” at the end of the news release
for additional information.
Category
Tonnes (000 tonnes)
Grade (g/t Au)
Contained Gold Ounces
2023 MRE
2022 Estimate
Change
2023 MRE
2022 Estimate
Change
2023 MRE
2022 Estimate
Change
OP
Indicated
59,845
46,402
29%
1.45
1.38
5%
2,804,000
2,062,400
36%
Inferred
10,773
7,831
38%
2.32
2.39
-3%
802,000
601,000
34%
UG
Indicated
10,486
11,761
-11%
1.73
1.65
5%
584,000
624,700
-7%
Inferred
13,526
11,858
14%
2.05
1.91
7%
888,000
729,500
22%
Global (OP+UG)
Indicated
70,432
58,163
21%
1.50
1.44
4%
3,388,000
2,687,100
26%
Inferred
24,299
19,689
23%
2.17
2.10
3%
1,691,000
1,330,500
27%
**Numbers may not add up due to rounding.
Nighthawk President and CEO Keyvan Salehi, P.Eng.
commented: “Our 2023 MRE demonstrates a significant boost in
estimated ounces in the Indicated and Inferred categories compared
to last year. More importantly, the OP mineralization has reached
2.8 million estimated ounces in the Indicated category and 0.8
million ounces in the Inferred category. The improvement in the
estimated OP Indicated grades is noteworthy considering that we
utilized a lower cut-off grade for all the deposits compared to the
2022 Estimate.”
“Over the past 2 years, we have increased the estimated OP
ounces in the Indicated category by 415% and the Inferred category
by 2,470%, while maintaining estimated OP gold grades that are well
above the average for OP deposits of projects in advanced
development. In addition, a substantial amount of the 2023 MRE
tonnes and ounces are in the Indicated category, which we believe
provides a higher level of confidence in our estimates.”
“The next major step of our turnaround plan is to deliver a PEA
for the Project in mid-2023. Given the size of the OP Mineral
Resource estimate ounces, with elevated estimated OP grades, we
believe that if the Project is developed, it could have the
potential to be a top-tier gold project with respect to size,
scale, and economics, located in a mining-friendly
jurisdiction.”
“Looking ahead, we are excited about our 2023 exploration plans.
We believe there is a massive potential for discovering more gold
mineralization across our 930 km2 district-scale property. All our
deposits remain open in all directions and show great promise for
further expansion in mineral resource ounces.”
2023 MRE1
The 2023 MRE1 benefits from an additional 40 km of drilling
information collected in 2022, which targeted areas of
higher-grade, near-surface mineralization. The 2023 MRE is
comprised of eight (8) deposits (See Table 3 for the 2023 MRE
Breakdown by Deposit):
- Four (4) deposits located in the Colomac Centre area: Colomac
Main, 24/27, Grizzly Bear, and Goldcrest; and
- Four (4) higher-grade Satellite Deposits located 11 to 28 km
from the Colomac Centre: Cass, Kim, Damoti, and Treasure
Island
Please refer to Figure 1 for a regional map of the
District-Scale Gold Property. Please refer to Figures 2 and 3 for
the 2023 MRE section views of the Colomac Main and Cass Deposit,
respectively.
The 2023 MRE was generated using various cut-off grades: Between
0.45-0.57 g/t Au for OP mineralization and 1.02-1.66 g/t Au for UG
depending on the deposit (please refer to Table 4 for cut-off
grades for each deposit). Specific extraction methods are used only
to establish reasonable cut-off grades for various portions of the
deposits. No PEA, Pre-Feasibility Study or Feasibility Study has
been completed to support economic viability and technical
feasibility of exploiting any portion of the mineral resources, by
any specified mining method. The reasonable prospect for an
eventual economical extraction is met by having used reasonable
cut-off grades both for OP and UG extraction scenarios and
constraining volumes (shapes and optimized pit-shell). Please refer
to “Notes to Accompany the 2023 MRE” at the end of the news release
for more information on the parameters and assumptions.
Table 3: 2023 MRE1** – Breakdown by Deposit
Indicated Mineral
Resource
Inferred Mineral Resource
Mining method
Tonnes (000s)
Grade (g/t Au)
Contained gold ounces
Tonnes (000s)
Grade (g/t Au)
Contained gold ounces
Colomac Centre
Colomac Main
OP
54504
1.45
2,548,000
2,625
1.97
166,000
UG
8,750
1.77
498,000
10,017
1.97
634,000
24/27
OP
1,451
1.75
82,000
15
1.51
700
UG
514
1.55
26,000
305
1.97
19,000
Goldcrest
OP
2,849
1.36
125,000
104
1.52
5,000
UG
659
1.49
32,000
225
1.29
9,000
Grizzly Bear
OP
1,142
1.34
49,000
11
0.69
250
UG
563
1.54
28,000
156
1.43
7,000
Satellite Deposits
Cass
OP
-
-
-
3,983
2.36
302,000
UG
-
-
-
702
2.05
46,000
Kim
OP
-
-
-
2,568
1.72
142,000
UG
-
-
-
662
1.88
40,000
Treasure Island
OP
-
-
-
962
3.86
119,000
UG
-
-
-
857
3.01
83,000
Damoti
OP
-
-
-
505
4.13
67,000
UG
-
-
-
601
2.60
50,000
Global
OP + UG
70,432
1.50
3,388,000
24,299
2.17
1,691,000
**Numbers may not add up due to rounding.
Colomac Main Deposit
Mineral Resource estimates at the Colomac Main expanded along
strike to the south in Zone 3.5 and in the north at Zone 1.0
compared to the 2022 Estimate2. A significant portion of the UG
mineralization at Zone 2.0 was converted to OP. The Colomac Main
Deposit remains open in all directions and ongoing structural
modeling will support mineralization controls and potential
targeting for UG high-grade mineralization. With the successful
continuation of mineralization to the south hosted in gabbro and
quartz gabbro (compared to quartz diorite), the area to explore has
expanded and allowed for potential new discovery. The average depth
of the estimated pit-shells is approximately 200 m below surface,
with the deepest portion at approximately 450 m below surface in
Zone 2.0.
24/27 Deposit
The mineralization at the 24/27 Deposit expanded along strike
and at depth compared to the 2022 Estimate2. There was also a
meaningful conversion of the OP mineralization from the Inferred to
Indicated category, improving the overall confidence level of the
24/27 Deposit Mineral Resource estimation. Successful 2022 drilling
along the margins of the 24/27 Deposit suggest the potential
expansion of the mineralization along strike and at depth with
further drilling. The VTEM survey conducted in late 2022 identified
a high conductive zone along the 12 km geological contact that host
the 24/27 Deposit. Follow up targeting is being completed during
the winter.
Cass Deposit
A very successful 2022 drill program expanded the Cass Deposit
mineralization at depth and along strike, adding an auxiliary pit
to the west. The estimated OP Inferred Mineral Resource ounces
increased 67% compared to the 2022 Estimate2. The new auxiliary pit
is located along strike from the Albatross zone (700 m to the west
of the Cass Deposit); mineralization was intercepted at Albatross
when last drilled in 20213. Strong conductive zones have been
identified along the western felsic boundary to the sediments.
Adjustments to the Assumptions and Parameters
The 2023 MRE1 includes a few assumptions and parameters that
were adjusted compared to the 2022 Estimate2; please see Table 4
for a Summary of the adjusted assumptions and parameters. The
Company and its independent consultants believe that there is
potential for a future, large-scale, OP operation at its
properties. With additional drill data and a slight increase in the
gold price assumption, parameters for the 2023 MRE were adjusted,
particularly the OP cut-off grades for each deposit (refer to Notes
to Accompany the 2023 MRE for further details).
Table 4: Comparison between 2023 MRE1 and 2022 Estimate2
– Assumptions and Parameters
Category
Key Assumptions and
Parameters
2023 MRE1
2022 Estimate2
Details
Gold price
US$1,660/oz
US$1,600/oz
Slightly higher gold price assumption
compared to the 2022 Estimate (US$1,600/oz) and 2021 Estimate
(US$1,650/oz)
Cut-off grades
(g/t Au)
Colomac Main: OP 0.45;
UG 1.02
24/27 & Grizzly Bear:
OP 0.46; UG 1.03
Goldcrest: OP 0.45;
UG 1.02
Cass & Kim: OP 0.52;
UG 1.31
Damoti : OP 0.57; UG 1.66
Treasure Island: OP 0.51;
UG 1.50
Colomac Main: OP 0.50;
UG 1.02
24/27 & Grizzly Bear:
OP 0.51; UG 1.02
Goldcrest: OP 0.50;
UG 1.02
Cass & Kim: OP 0.58;
UG 1.45
Damoti: OP 0.63; UG 1.83
Treasure Island: OP 0.56; UG
1.66
Nighthawk opted for a lower cut-off grade
to provide a larger amount of mineralized blocks and allow for more
flexibility for future potential mine planning
Maiden PEA and 2023 Exploration Program
The Company has commenced work on a conceptual mine plan,
infrastructure, processing and economics for the Colomac Gold
Project. The maiden PEA for the Colomac Gold Project is scheduled
to be completed in mid-2023. Nighthawk believes that, given the
size and scale of the 2023 MRE, the Project (if developed) could
have the potential to be a robust, large-scale, gold operation. The
Company is also finalizing its 2023 Exploration Program and will
provide details soon.
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 were 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.
Technical Report and Qualified Persons
A Technical Report prepared in accordance with NI 43-101 (as
defined below) in support of the 2023 MRE1 will be filed on SEDAR
(www.sedar.com) before March 25, 2023. Readers are encouraged to
read the Technical Report in its entirety, including all
qualifications, assumptions and exclusions that relate to the 2023
MRE1. The Technical Report is intended to be read as a whole, and
sections should not be read or relied upon out of context.
Technical information related to the 2023 MRE1 contained in this
news release has been reviewed and approved by Marina Iund, M.Sc.,
P.Geo., Carl Pelletier, P.Geo., and Simon Boudreau, P.Eng. of
InnovExplo, who are Independent and Qualified Persons as defined by
NI 43-101, with the ability and authority to verify the
authenticity and validity of this data.
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 Gold Corp.
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
Colomac Gold Project currently has a Mineral Resource Estimate1 of
approximately 70.3 million tonnes grading 1.50 g/t Au for 3.39
million ounces in the Indicated category and approximately 24.3
million tonnes grading 2.10 g/t Au for 1.64 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.
Notes to Accompany the 2023 MRE1
- The independent and qualified persons for the mineral resource
estimate, as defined by NI 43-101, are Marina Iund, P.Geo., Carl
Pelletier, P.Geo. and Simon Boudreau, P.Eng. all from InnovExplo
Inc., and the effective date is February 9, 2023.
- Mineral Resources are not Mineral Reserves, as they do not have
demonstrated economic viability. The Mineral Resource Estimate
follows current CIM definitions and guidelines.
- The results are presented undiluted and are considered to have
reasonable prospects of economic viability.
- The estimate encompasses eight (8) gold deposits (Cass, Colomac
Main, Damoti, Goldcrest, Grizzly Bear, Kim, Treasure Island,
24/27), subdivided into 115 individual zones (6 for Cass, 6 for
Colomac Main, 38 for Damoti, 3 for Goldcrest, 4 for Grizzly Bear, 1
for Kim, 45 for Treasure Island, 12 for 24/27) using the grade of
the adjacent material when assayed or a value of zero when not
assayed. Five (5) low-grade envelopes were created: 1 for Colomac
Main (quartz diorite dyke) and 4 for Damoti (BIF).
- High-grade capping supported by statistical analysis was done
on raw assay data before compositing and established on a per-zone
basis varying from 15 to 100 g/t Au for mineralized zones and 15 to
20 g/t Au for the envelopes.
- The estimate was completed using sub-block model in Leapfrog
Edge 2022.1, except Goldcrest (estimated using sub-block model in
GEOVIA Surpac 2021) and Damoti (estimated using percent block model
in Gemcom).
- Grade interpolation was performed with the Inverse Distance
Cubed (“ID3”)method on 1.5 m composites for the Colomac Main,
Goldcrest and Grizzly Bear deposits, with the Inverse Distance
Squared (“ID2”) method on 1 m composites for the Cass and Treasure
Island deposits, with the ID3 method on 1 m composites for the Kim
deposit, with the ID2 method on 1.5 m composites for the 24/27
deposits, and with the Ordinary Kriging (“OK”) method on 1.0 m
composites for the Damoti deposit.
- A density of value of 3.2 g/cm3 (Damoti), 3.0 g/cm3 (Cass),
2.95 g/cm3 (Kim), 2.7 g/cm3 (Colomac Main, Goldcrest, Grizzly Bear,
Treasure Island and 24/27) and 2.00 g/cm3 (overburden) was
assigned.
- The Mineral Resource Estimate is classified as Indicated and
Inferred. For the Cass, Colomac Main, Goldcrest and Grizzly Bear,
Kim, Treasure Island, 27/27 Deposits, the Inferred category is
defined with a minimum of two (2) drill holes within the areas
where the drill spacing is less than 75 m and shows reasonable
geological and grade continuity. The Indicated mineral resource
category is defined with a minimum of tree (3) drill holes within
the areas where the drill spacing is less than 50 m. For the Damoti
Deposit, the Inferred category is defined with a minimum of two (2)
drill holes within the areas where the drill spacing is less than
60 m and shows reasonable geological and grade continuity. Clipping
boundaries were used for classification based on those
criteria.
- The Mineral Resource Estimate is locally pit-constrained with a
bedrock slope angle of 50° and an overburden slope angle of 30°. It
is reported at rounded cut-off grade ranges of 0.45 to 0.57 g/t Au
(OP), 1.02 to 1.50 g/t Au (UG bulk) and 1.66 g/t Au (Damoti - UG
selective). The cut-off grades were calculated using the following
parameters: mining cost = CA$3.25/t to CA$ 73.00/t; processing cost
= CA$21.00/t; G&A = CA$6.00/t; refining costs = CA$5.00/oz;
selling costs = CA$ 5.00/oz to CA$54.80/oz; gold price =
US$1,660.00/oz; USD:CAD exchange rate = 1.33; and mill recovery =
97.0%. The cut-off grades should be re-evaluated in light of future
prevailing market conditions (metal prices, exchange rates, mining
costs etc.).
- The number of metric tonnes was rounded to the nearest
thousand, following the recommendations in NI 43-101 and any
discrepancies in the totals are due to rounding effects. The metal
contents are presented in troy ounces (tonnes x grade /
31.10348).
- The authors are not aware of any known environmental,
permitting, legal, title-related, taxation, socio-political, or
marketing issues, or any other relevant issue not reported in the
Technical Report, that could materially affect the Mineral Resource
Estimate.
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, the potential extractability of the OP/pit-constrained
and UG mineralization, the potential expansion of Mineral Resource
Estimates, the potential for higher-grade assay results, the
potential of the Project to be a ‘top-tier’ gold project in a safe
mining jurisdiction, the potential of the Project to be developed,
the delivery of the PEA by mid-2023, the large-scale and robust
nature of the Project PEA, the continued exploration and drilling
initiatives and having the necessary funding required to complete
these initiatives, 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”, “conceptual”, “confidence”, “continue”, “convert” or
“conversion”, “deliver”, “demonstrating”, “estimates”,
“encouraging”, “expand” or “expanding” or “expansion”, “expect” or
“expectations”, “forecasts”, “forward”, “goal”, “improves”,
“increase”, “intends”, “justification”, “plans”, “potential” or
“potentially”, “promise”, “prospective”, “prioritize”, “reflects”,
“scheduled”, “suggesting”, “support”, “updating”, “upside”, “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 required regulatory approvals, 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, the ongoing wars and their effect on supply chains,
environmental risks, COVID-19 and other pandemic 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.
Cautionary Statement regarding Mineral Resource
Estimates
Until mineral deposits are actually mined and processed, Mineral
Resources must be considered as estimates only. Mineral Resource
estimates that are not Mineral Reserves and have not demonstrated
economic viability. The estimation of Mineral Resources is
inherently uncertain, involves subjective judgement about many
relevant factors and may be materially affected by, among other
things, environmental, permitting, legal, title, taxation,
socio-political, marketing, or other relevant risks, uncertainties,
contingencies and other factors described in the Company’s public
disclosure available on SEDAR at www.sedar.com. The quantity and
grade of reported “Inferred” Mineral Resource estimates are
uncertain in nature and there has been insufficient exploration to
define “Inferred” Mineral Resource estimates as an “Indicated” or
“Measured” Mineral Resource and it is uncertain if further
exploration will result in upgrading “Inferred” Mineral Resource
estimates to an “Indicated” or “Measured” Mineral Resource
category. The accuracy of any Mineral Resource estimates is a
function of the quantity and quality of available data, and of the
assumptions made and judgments used in engineering and geological
interpretation, which may prove to be unreliable and depend, to a
certain extent, upon the analysis of drilling results and
statistical inferences that may ultimately prove to be inaccurate.
Mineral Resource estimates may have to be re-estimated based on,
among other things: (i) fluctuations in mineral prices; (ii)
results of drilling, and development; (iii) results of future test
mining and other testing; (iv) metallurgical testing and other
studies; (v) results of geological and structural modeling
including block model design; (vi) proposed mining operations,
including dilution; (vii) the evaluation of future mine plans
subsequent to the date of any estimates; and (viii) the possible
failure to receive required permits, licenses and other approvals.
It cannot be assumed that all or any part of a “Inferred” or
“Indicated” Mineral Resource estimate will ever be upgraded to a
higher category. The Mineral Resource estimates disclosed in this
news release were reported using Canadian Institute of Mining,
Metallurgy and Petroleum Definition Standards for Mineral Resources
and Mineral Reserves (the “CIM Standards”) in accordance
with National Instrument 43-101 Standards of Disclosure for Mineral
Projects of the Canadian Securities Administrators (“NI
43-101”).
Cautionary Statement to U.S. Readers
This news release uses the terms “Mineral Resource”, “Indicated
Mineral Resource” and “Inferred Mineral Resource” as defined in the
CIM Standards in accordance with NI 43-101. While these terms are
recognized and required by the Canadian Securities Administrators
in accordance with Canadian securities laws, they may not be
recognized by the United States Securities and Exchange
Commission.
The Mineral Resource estimates and related information in this
news release may not be comparable to similar information made
public by U.S. companies subject to the reporting and disclosure
requirements under the United States federal securities laws and
the rules and regulations thereunder.
____________________
1There is no certainty that the 2023 MRE will be converted to
Proven and Probable Mineral Reserve categories or will be realized
in the future. Mineral Resource estimates that are not Mineral
Reserves do not have demonstrated economic viability. The 2023 MRE
may be materially affected by environmental, permitting, legal,
title, taxation, socio-political, marketing, or other relevant
risks, uncertainties and other factors, as more particularly
described in the Cautionary Statements at the end of this news
release.
2For further details refer to the 2022 Estimate effective as of
March 8, 2022 reported 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 (the “2022
Technical Report”), which is available on SEDAR www.sedar.com
and on the Company’s website at www.nighthawkgold.com. The 2022
Estimate is not current and should not be relied upon, it has been
superseded by the 2023 MRE.
3See Nighthawk news release dated December 1, 2021 for more
details on the Albatross drill results, which can be accessed in
the Company’s profile on www.sedar.com or on the Company’s website
www.nighthawkgold.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230209005475/en/
FOR FURTHER INFORMATION: NIGHTHAWK GOLD CORP. Tel:
1-416-880-7090; Email: info@nighthawkgold.com Website:
www.nighthawkgold.com
Keyvan Salehi President & CEO
Salvatore Curcio CFO
Allan Candelario VP, Investor Relations & Corporate
Development
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