Nighthawk drills 32.7 metres of 3 g/t gold at Indin Lake, NWT

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Nighthawk Gold Corp. [NHK-TSX; MIMZF-OTCQX] reported the remaining results from its 2020 exploration program on the Colomac deposit and Treasure Island Zone within its 100%-owned, 930 km2 Indin Lake gold property, Northwest Territories.

Assays from Colomac (10 holes/6,433 metres) and Treasure Island (three holes/1,186 metres) returned significant results.

Richard Roy, vice-president, exploration, said: “We are pleased to report on the remaining 2020 drill results at Colomac and Treasure Island. Treasure Island encountered high-grade results, where hole T20-09 returned 207.18 g/t gold over 5.5 metres, including 2,260 g/t gold over 0.5 metres. The Colomac results illustrate the potential for resource growth at depth; however, drilling in 2021 will focus on further delineation of near-surface mineralization in an effort to increase the in-pit resources. Quality near-surface targets remain untested at Colomac and will be prioritized in 2021.”


Hole C20-07C was completed at zone 3.5 and returned 3.00 g/t gold over 32.7 metres, supporting the continuity of the higher-grade mineralization previously obtained at depth.

Holes C20-14 and C20-17(17B) tested zone 2.5 at depth. Although no extensively wide intervals were obtained, hole C20-17, did return a high-grade interval of 12.36 g/t gold over 4.3 metres (26.08 g/t gold uncut) including a 0.5-metre sample assaying 218.00 g/t gold.

Holes C20-15(15B), C20-16, C20-18(18B) and C20-20 were drilled on zone 1.5 testing the depth extension of the mineralization. Significant intervals were obtained, particularly in holes C20-18B, which returned 1.67 g/t gold over 61 metres (1.72 g/t gold uncut), and C20-20 returned 2.44 g/t gold over 30.25 metres. These results demonstrate that zone 1.5 remains wide and well mineralized at depth, adding to the resource potential within this zone.

Hole C20-19 tested zone 2.0 and returned a wide intersection of 1.03 g/t gold over 64.1 metres, including 2.88 g/t gold over 7.5 metres. Drilling at zone 2.0 continues to encounter both extensive widths and higher-grade intervals within the mineralization.

Treasure Island

The remaining three holes completed at Treasure Island (Main Zone), returned significant higher-grade gold mineralization at depth, including Hole T20-07 that returned 5.62 g/t gold over 3.3 metres. Hole T20-09 returned 4.65 g/t gold over 2.05 metres and 207.18 g/t gold over 5.5 metres (uncut), including 2,260 g/t gold over 0.5 metres.

Hole T20-10 returned 37.59 g/t gold over 2.35 m (uncut) including a single sample of 0.5 metres which assayed 80.75 g/t gold.


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