Nighthawk intersects broad zones of shallow mineralization at Colomac's Grizzly Bear Deposit

8 August 2018

Nighthawk Gold Corp. is pleased to report drill results from eleven recently completed holes at the Grizzly Bear deposit, one of five deposits that comprise Nighthawk's 100% owned Colomac Gold Project. All holes intersected gold mineralization including several broad zones which remain open to depth, highlighted by hole GB18-02 which returned 6.25 metres of 4.04 grams per tonne gold, including 2.50 metres of 7.78 gpt Au, and 1.50 metres of 9.06 gpt Au; and hole GB18-02B which returned 17.25 metres of 2.00 gpt Au, including 4.50 metres of 5.13 gpt Au.
In 2017 the company drilled two holes into the central portion of the deposit to undercut historical higher-grade intervals and intersected 12.60 metres of 4.96 grams per tonne gold, including 8.00 metres of 7.32 gpt Au, and 4.00 metres of 13.40 gpt Au (see press release dated January 17, 2018), giving credibility to the deposit's potential and laying the ground work for the 2018 campaign which has focused on expansion potential to depth and along strike beyond known historical shallow intersections.
Highlights:
Drilling continues to intersect broad zones of mineralization open along strike and to depth with internal higher-grade intervals:
•Hole GB18-02 intersected 6.25 metres of 4.04 gpt Au, including 2.50 metres of 7.78 gpt Au, and 1.50 metres of 9.06 gpt Au;
•Hole GB18-02B intersected 17.25 metres of 2.00 gpt Au, including 4.50 metres of 5.13 gpt Au;
•Hole GB18-03 intersected 16.00 metres of 1.98 gpt Au, including 8.50 metres of 3.15 gpt Au, and 3.50 metres of 4.75 gpt Au;
•Near-surface mineralization remains open in all directions;
•Grizzy Bear is an underexplored deposit with promising resource growth potential.