Nighthawk commences 2019 drill program at its 100% owned Indin Lake gold property
3 April 2019
Nighthawk Gold Corp. is pleased to announce commencement of its 2019 drilling program with three drills active on the Colomac Gold Project ("Colomac"), centrally located within the Indin Lake Gold Property (899km2 land package), Northwest Territories, Canada.
The Company previously announced a budget of $10 million which includes a minimum 25,000 metres of drilling (split between Colomac and select priority gold targets within its extensive regional land package), as well as the continuation of the regional mapping and prospecting program. The drilling costs are estimated on the higher-end at approximately $9 million (as the program progresses Nighthawk anticipates a lower cost per metre than budgeted), and an additional $1 million spend on the regional mapping and prospecting program which will continue to assess the land package for new discoveries and move targets up the value chain towards drill-ready status. Program objectives are to continue the expansion of higher-grade mineralization intersected to-date at Colomac and to explore for other new zones of near surface higher grade material within the Colomac area sills, culminating in the delivery of a resource update by early 2020.