Nighthawk Gold (TSX: NHK), which graduated to the TSX in May, is about halfway through its 25,000-metre drill program at its Colomac project in the Northwest Territories and all of the holes reported so far have intersected gold mineralization.
This week the junior released assays from nine holes that have expanded the mineralization at Colomac’s high grade zone 1.5 an additional 90 metres to a vertical depth of 350 metres and extended the zone 25 metres to the north along strike. The zone, which outcrops at surface, remains open to depth and along strike.
Hole C17-08 returned a 55.35 metre intercept grading 3 grams gold per tonne from a downhole depth of 269.55 metres, including 19.50 metres grading 5.58 grams gold, and including 6.80 metres of 10.45 grams gold.
In addition, Colomac drilled its first two holes into the resource gap between zones 1.5 and 2.0, immediately to the south.
Zone 2.0 was the site of Colomac’s historic open pit and accounted for most of the mine’s previous gold production, while Zone 1.5 lies just 100 metres to the north of the pit. Zone 2.0 also accounts for a hefty portion of Colomac’s current inferred resource of 39.815 million tonnes with an average grade of 1.64 grams gold for 2.101 million ounces of contained gold.
Continue reading at The Northern Miner.