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Nighthawk Gold Reports 2.09 g/t Au Over 92.0 m and 2.72 g/t Au Over 34.50 m from the Colomac Main Deposit

Nighthawk Gold Corp. (“Nighthawk” or the “Company”) is pleased to report the remaining assay results from the Colomac Main Deposit within the Colomac Centre Area.

Colomac Main Deposit (Zones 2.5 and 3.0) Isometric View Looking West (Graphic: Business Wire)

Table 1 – Highlight Drill Assay Results from the Colomac Main Deposit

Hole ID Deposit Highlight Assay Result
C22-40 Colomac Main (Zone 2.5) 2.09 grams per tonne (“g/t Au”) over 92.00 metres (“m”) (including 6.32 g/t Au over 7.00 m)
C22-45 Colomac Main (Zone 2.5) 2.72 g/t Au over 34.50 m (including 9.13 g/t Au over 3.50 m)
C22-38 Colomac Main (Zone 2.5) 0.74 g/t Au over 65.00 m
C22-34 Colomac Main (Zone 2.5) 1.61 g/t Au over 26.50 m (including 6.99 g/t Au over 1.00 m)

Note: True widths remain undetermined at this stage. All assays are uncut. Further statistical analysis will be required prior to establishing a suitable cut grade.

Nighthawk President & CEO Keyvan Salehi commented, “The Colomac Main Deposit continues to deliver high-grade, near-surface mineralization over meaningful widths, suggesting the strong potential to expand the open-pit mineral resources of the deposit. We see a lot more upside along the main deposit at Colomac, along strike and at depth. The open-pit part of the deposit is still shallow due to lack of drilling and sufficient data along the 7km trend and can grow substantially with successfully targeting and drilling the higher-grade mineralization as shown with the latest results published in this press release.”

Colomac Main Deposit

The Colomac Centre Area (please refer to Figure 2 for the Regional Map) represents a group of five proximal deposits (Colomac Main, Grizzly Bear, Goldcrest, 24 & 27) in the heart of the Colomac Gold Project. The latest batch of drill assay results from the Colomac Main Deposit (please refer to Figure 3 for the Local Map of the Drill Hole Locations) targeted near surface mineralization outside the current Mineral Resource Estimate (“2022 MRE”)1 pit-shells, with the goal of expanding the middle areas (Zones 2.5 and 3.0) of the deposit.

Drilling in Zone 2.5 intersected wider intervals of near-surface mineralization (highlighted by holes C22-40, C22-45, and C22-34) with gold grades that are higher than the 2022 MRE1 grades of the deposit, suggesting the potential expansion of the estimated pit-shells in that area.

Please refer to Tables 1 and 2 for the Highlight Drill Assay Results and Drill Assay Results Summary of the latest batch of drilling at the Colomac Main Deposit, respectively. Please refer to Figures 4 and 5 for the section views of the Highlight Drill Assay Results.

Hole ID Interval (m) Core Length (m) Gold Grade (g/t Au)
From To
Colomac Main Deposit
C22-29 158.25 183.25 25.00 1.01
C22-30 191.00 209.00 18.00 0.78
C22-32 237.00 257.00 20.00 1.59
including 242.25 245.00 2.75 6.08
C22-33 38.00 39.50 1.50 1.84
C22-34 82.50 109.00 26.50 1.61
including 104.25 105.25 1.00 6.99
and 132.00 138.00 6.00 0.83
and 162.00 164.00 2.00 1.66
and 186.50 187.00 0.50 19.05
C22-35 93.50 96.50 3.00 0.92
and 152.75 165.00 12.25 0.90
including 154.75 155.25 0.50 9.67
C22-36 125.00 156.50 31.50 0.81
including 143.50 144.00 0.50 20.30
and 171.50 215.00 43.50 0.55
including 208.00 208.50 0.50 11.35
C22-37 208.00 240.00 32.00 0.58
including 229.00 229.75 0.75 6.16
C22-38 141.00 206.00 65.00 0.74
C22-39 70.50 116.00 45.50 0.44
C22-40 188.50 280.50 92.00 2.09
including 216.25 223.25 7.00 6.32
and 295.00 296.60 1.60 4.69
C22-41 249.50 250.00 0.50 6.89
and 268.00 282.00 14.00 0.58
C22-42 147.00 185.00 38.00 0.59
C22-43 61.00 61.50 0.50 3.15
and 135.00 150.00 15.00 0.53
C22-44 151.00 181.00 30.00 0.56
including 169.00 170.00 1.00 5.50
C22-45 233.00 267.50 34.50 2.71
including 254.50 258.00 3.50 9.13

Note: True widths remain undetermined at this stage. All assays are uncut. Further statistical analysis will be required prior to establishing a suitable cut grade.

Deposit BHID Easting Northing Elevation Length Azimuth Dip
Colomac Main (Zone 3.0) C22-29 591931.1 7141526 368.87 234 290 -62
Colomac Main (Zone 3.0) C22-30 591874.5 7141433 369.43 239.1 290 -70
Colomac Main (Zone 3.0) C22-32 591854.6 7141361 363.64 282 285 -65
Colomac Main (Zone 2.5) C22-33 591903.1 7141657 368.13 96 295 -60
Colomac Main (Zone 2.5) C22-34 591902.7 7141657 368.2 213 295 -81
Colomac Main (Zone 2.5) C22-35 591916.5 7141669 367.88 219 300 -70
Colomac Main (Zone 2.0) C22-36 591876.3 7142303 370.93 261 90 -59
Colomac Main (Zone 2.5) C22-37 592022 7141800 365.03 276 270 -65
Colomac Main (Zone 2.5) C22-38 591989.3 7141892 358.11 223.4 275 -70
Colomac Main (Zone 2.0) C22-39 592008.9 7142291 362.3 162 270 -62
Colomac Main (Zone 2.5) C22-40 591989.5 7141892 357.98 315 275 -80
Colomac Main (Zone 2.0) C22-41 592216.1 7142511 343.4 321 270 -66
Colomac Main (Zone 2.5) C22-42 591993.3 7141950 360.94 276 270 -75
Colomac Main (Zone 2.5) C22-43 591810.5 7141750 368.11 225 90 -54
Colomac Main (Zone 2.5) C22-44 591810.2 7141750 368.14 261 90 -61
Colomac Main (Zone 2.5) C22-45 592029.7 7141843 365.64 318 270 -68
Colomac Main (Zone 2.5) C22-29 591931.1 7141526 368.87 234 290 -62

 

Technical Information

The pit shell outlines in Figures 1 to 5 are from the 2022 MRE1 and were completed by InnovExplo Inc. and are defined by a US$1,600/oz gold price assumption. Nighthawk has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. Drill core samples were transported in security-sealed bags for analyses at ALS Global Assay Laboratory in Vancouver, BC (“ALS Global”). ALS Global is an ISO/IEC 17025 accredited laboratory. Halved drill core is stored on site and pulps are returned and stored for record. As part of its QA/QC program, Nighthawk inserts external gold standards (low to high-grade), blanks and duplicates every 20 samples in addition to the standards, blanks, and pulp duplicates inserted by ALS Global.

Qualified Person

John McBride, MSc., P.Geo., Vice President of Exploration for Nighthawk, who is the “Qualified Person” as defined by NI 43-101 for this project, has reviewed and approved of the technical disclosure contained in this news release.

Source: https://nighthawkgold.com/

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