Canadian Mining Journal

News

GOLD: Nighthawk looks to high grades, long intersections at former Colomac mine



NORTHWEST TERRITORIES – Toronto-based Nighthawk Gold Corp. reports long intersections of high grade gold at the site of the former Colomac gold mine 220 km northwest of Yellowknife.

The company says recent drilling results support the continuity and expansion potential of a high grade area in zone 1.5. Uncut gold assays from the zone include the following:

  • Hole C16-03 intersected 52.07 metres (40 metres true width) of 7.72 g/t Au, including 25.47 metres of 14.25 g/t and including 12.35 metres of 9.58 g/t;
  • Hole C16-01 intersected 31.45 metres (25 metres true width) of 4.14 g/t Au, including 13.75 metres of 6.52 g/t; and
  • Hole C16-01B intersected 39.60 metres (32 metres true width) of 2.38 g/t Au, including 6.65 metres of 4.76 g/t and including 2.75 metres of 10.09 g/t.

    Location of latest drill holes.

    Location of latest drill holes.

Drilling continues to reinforce the growth potential of high grade zone 1.5 laterally and to depth by building on Nighthawk’s 2014 and 2015 drill results where hole C14-06 (initial discovery hole) intersected 52.50 metres of 7.78 g/t Au, including 21.00 metres of 16.73 g/t and C15-14B returned 32.95 metres of 4.19 g/t Au, including 12.33 metres of 7.77 g/t.

Zone 1.5 is now more than 100 metres along strike, traced to a vertical depth of over 200 metres and remains open.

The old mine produced about 525,000 oz of gold in the 1990s.

Detailed drilling results and more information are available at www.NighthawkGold.com.