Nighthawk Gold Corp (TSX: NHK) released further assay results for its ongoing drilling being conducted at the Colomac Gold Project, located in the Northwest Territories. The results, consisting of two drill holes that drilled a combined 1,553 metres, returned highlights that include 33.25 metres of 3.89 g/t gold, including 9.25 metres of 10.93 g/t gold.
Results released this morning are part of a 25,000 metre exploration program being conducted on the property this year by a total of three drill rigs. Results released this morning are from drilling that was initiated back in March, with further drilling delaying due to the COVID-19 pandemic. Crews returned to site in mid-July, and are now on schedule to complete the planned exploration program.
Current drilling is being focused on the region just outside of the mineral resource area for the site as the company looks to expand its resource. It’s been proposed that between 50,000 and 75,000 metres will need to be drilled in order for the company to expand the resource by up to 1.5 million ounces of gold.
Two separate zones are included in the results released this morning, with the drill hole C20-02 in zone 3.5 intersecting three areas of mineralization. The three sections of this drill hole returned mineralization that includes:
Sponsored · Altamira Gold Corp.
- 8.65 metres of 4.81 g/t gold
- 33.25 metres of 3.89 g/t gold
- 6.50 metres of 14.61 g/t gold
The second hole, C20-01, meanwhile, drilled in zone 1.5, returned 62.35 metres of 1.28 g/t gold, at a true width of 35 metres. Both holes collectively are said to have intersected well mineralized areas within the exploration target that the company has identified, while extending mineralization to new depths.
“Both holes at Zones 1.5 and 3.5 provided additional drill coverage needed to help convert Exploration Target regions into resources, and successfully extended mineralization in these respective areas by an additional 130 metres to depth, with hole C20-02 at Zone 3.5 intersecting extensive mineralization with higher-grade internal cuts showcasing the higher-grade nature of Zone 3.5. We look forward to reporting on additional drilling as the information becomes available.”
Dr. Michael Byron, CEO of Nighthawk Resources
Full drill results released this morning by Nighthawk can be found here.
Nighthawk Gold Corp last traded at $1.71 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.
