Nighthawk Provides Update on the Approved All-Season Road Build in the Northwest Territories
20 December 2018
Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX: NHK; OTCQX: MIMZF) is pleased to provide an update on the approved construction and operation of a permanent 97 km two-lane gravel highway on a former winter road alignment from Hwy 3, roughly 40km south of Behchoko?? – to the Community of What??, Northwest Territories, Canada.
Dr. Michael Byron, President & CEO commented, "This is an important project for the Northwest Territories, and particularly residents of the T???cho? First Nation as the road will allow transportation efficiencies to reduce the cost of living within the region, foster social opportunities by linking up some of the more remote communities such as What??, and ultimately result in better winter road access to our Indin Lake Gold Property. We are encouraged to see the commitment of all three parties to promote infrastructure development and road access, especially when considering any future mining scenarios at our flagship Colomac Gold Project. As well, there is substantial mine waste rock stockpiled on surface from the former operation that could potentially be used as material for any additional road construction in the future."
"We see this as an evolutionary step in the right direction to provide attractiveness to industry in the exploration and development of natural resources. We are very pleased to see the territories' continued focus on future development to support its communities and industry."
In late October, the Responsible Ministers adopted the recommendations of the Mackenzie Valley Environmental Review Board on the environmental assessment of the proposed T???cho? all-season road (the "TASR"), which allows the project to proceed through to the regulatory and permitting phase. In mid-November, the preferred proponent was selected for road construction and a 25-year operating tenure for road maintenance. All parties are finalizing design details and permit applications, with financial close expected by mid-February.
All required permits are expected by early fall, which should see formal ground work start alongside receiving the main permits (water license and land use permits), with an anticipated construction time of two years.