The Colomac exploration camp in the Northwest Territories Credit: Nighthawk Gold
NORTHWEST TERRITORIES – Nighthawk Gold has reported results from zones 2.0, 3.0 and 3.5 of the Colomac deposit at its Indin Lake property.
Intercepts of note include 110.5 metres grading 1.89 g/t gold from zone 2.0, 11.2 metres of 4.41 g/t gold from zone 3.5 and 16.5 metres of 1.39 g/t gold from zone 3.0.
At zone 2.0, the drilling has increased the width of the deposit to over 110 metres at 700 metres below surface. This appears to be consistent with a 2017 intersection from zone 1.5.
This area of mineralization has now been traced over 500 metres of strike, with widths between 30 metres close to surface but increasing to over 155 metres at 800 vertical metres; it remains open.
According to the company, the panel of mineralization between zones 1.5 and 2.0 appears to form a wedge which widens at depth.
At the southern end of zone 3.5, drilling intersected shallow high grades which Nighthawk believes to be a new style of mineralization for Colomac.
At zone 3.0, drilling extended mineralization by an additional 130 metres at depth; it remains open.
Assay results for an additional 32 holes are pending. Nighthawk has also identified a number of targets for follow up testing during its 2020 exploration program.
Current inferred resources for the project stand at 50.3 million tonnes grading 1.62 g/t gold for 2.6 million ounces, contained within five deposits. Colomac is a past producing open pit with historical production of approximately 500,000 oz. The property is host to a 16 km long underexplored host formation.
An updated resource for Colomac is expected next year.
For more information, visit www.NighthawkGold.com.