NORTHWEST TERRITORIES – Toronto-based Nighthawk Gold Crop. Says the initial assays are high from the current program at its Colomac gold project 220 km northwest of Yellowknife in the Indin Lake greenstone belt. The former Colomac mine had two periods of production – 1990-91 and 1994-97 – during which time a total of 527,908 oz. of gold.
Site of the former Colomac gold mine looking north. Credit: Nighthawk Gold.
Holes in zone 1.5 and zone 2.0 have returned broad intercepts. The better grades were in zone 1.5 where hole C17-04B cut 50.30 metres grading 2.58 g/t gold, including 23.70 metres of 4.78 g/t, and including 10.20 metres of 10.14 g/t. Zone 1.5 has now been traced to a depth of 350 metres.
Nighthawk says drilling continues to support the consistency and continuity of zone 1.5 with true widths up to 50 metres.
The Colomac project has inferred resources of 39.8 million tonnes averaging 1.64 g/t gold and containing 2.1 million oz. of gold. The region offers numerous possibilities for additional gold discoveries.
Readers will enjoy the Colomac photo gallery at www.NighthawkGold.com.