Nighthawk reports new gold discoveries within its Indin Lake Gold Property
12 April 2018
Nighthawk Gold Corp. is pleased to announce that several new gold discoveries have been made within its 100% owned Indin Lake Gold Property in the Northwest Territories, Canada. Summer field activities began in June shortly after the culmination of the 2017 winter drill program and ground geophysical surveys. Fieldwork focused on several priority target areas leading to the discovery of a high-grade gold showing at Treasure Island, a new mineralized gold zone within the Nice Lake Sill, a newly defined and extensive gold system associated with the Swamp prospect, and enhanced definition and expansion of the high-grade gold trend at Leta Arm.
•New high-grade gold discovery at Treasure Island (Seadog showing) - up to 27.80 grams per tonne gold ("gpt" "Au") in grab samples and 19.85 gpt Au over 1.0 metre in channel samples
•New gold zone defined within the Nice Lake Sill - 20-metre-wide quartz diorite sill exposed for over 160 metres – grab sample assays up to 4.19 gpt Au
•New 1.6 kilometres ("km") by 1.0 km gold anomaly defined at the Swamp Prospect with grades up to 4.33 gpt Au in grab samples, associated with a large deformation and alteration zon
•High-grade gold trend at Leta Arm continues to be better defined with assays up to 95.40 gpt Au
•In early June, Nighthawk will commence its 2018 regional exploration field program to advance these new discoveries while expanding on its mandate to develop new and existing prospects through ongoing detailed geological mapping and prospecting in preparation for drilling
These results will help direct Nighthawk's 2018 field program where the main objectives are: to better define and expand the new mineralization discovered to-date; explore for other near surface higher-grade opportunities; become more aggressive with regional exploration and drilling activities; and continue to advance the Company's many priority deposits and showings that are key to the evolution of this early gold camp including potential mining scenarios for the Colomac Gold Project.