Nighthawk Gold Corp. (TSX: NHK) reported today the assay results from 17 drill holes completed at 24 out of 27 deposits located within the Indin Lake Gold property in Northwest Territories. Gold intercepts highlighted 2.69 g/t gold over 17.0 metres.
The mining firm is currently conducting phase I of its 2021 exploration program on the deposits. A total of 70,000 metres of drilling have been completed with 17,990 metres of results have already been reported.
Highlight intercepts from the drilling program include:
- TFS21-16: 2.69 g/t gold over 17.0 metres
- TFS21-10: 2.16 g/t gold over 14.0 metres
- TFS21-11: 1.84 g/t gold over 27.5 metres
The company relayed that the phase I program has “doubled the strike length of the near-surface mineralization to 250 metres.”
“Considering the targets assembled for this year’s drill program and based on the results we have received to date, we are confident we will achieve our goals of increasing the in-pit resources at year-end. We anticipate being able to provide a resource update before the end of the first quarter of 2022,” said Nighthawk Gold CEO Keyvan Salehi.
Out of the reported 17 holes, the first nine tested the south extension over a strike length of 1 kilometre while the other eight explored the 24 deposit proximal and lateral to the current pit-shell.
Nighthawk Gold Corp. last traded at $0.79 on the TSX.
Information for this briefing was found via Sedar and Nighthawk Gold Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.