5 September 2019
Nighthawk Gold Corp. is pleased to provide an update on the latest drill results from both its flagship Colomac Gold Project ("Colomac") and the Treasure Island Gold Project ("Treasure Island"), located within the north central region of its 100% owned Indin Lake Gold Property, Northwest Territories, Canada. Results for nine holes (4,276.89 metres) drilled at Colomac's Zone 1.5 and two holes (690 metres) recently completed at Treasure Island are reported (Table 1, Figures 1, 4).
Dr. Michael Byron, President and Chief Executive Officer said, "We are excited to resume our drilling program at Treasure Island and to follow up on our very successful 2018 program which delivered many noteworthy intercepts and discoveries. We consider Treasure Island as one of our key regional prospects and given that its extensive broad mineralized envelope hosts internal higher-grade domains, we believe that we are well on our way to realizing a first-class asset to compliment Colomac. Focused activities continue at Colomac, as we test the deposit around hole C19-08, Colomac's best intercept on record, and to explore the northern margins of Zone 1.5. We are well on track to exceed last year's record of 32,500 metres drilled, and project that this year we will meet or exceed 40,000 metres. 2019 has been an exceptional year so far and we eagerly await the remaining drilling and regional exploration results and their expected new discoveries."
Drilling Highlights:
Colomac Zone 1.5
•Hole C19-17 tested an area 70 metres south of C19-08 (Colomac's best intercept to-date, see press release dated May 28, 2019), returning 58.50 metres of 1.93 grams per tonne ("gpt") gold ("Au") (32.00 metres true width), including 13.55 metres of 4.58 gpt Au gold, and including 4.55 metres of 10.26 gpt Au.
•Hole C19-21 was drilled 30 metres south of C19-17 and intersected 62.25 metres of 1.47 gpt Au (33.00 metres true width), including 19.25 metres of 2.20 gpt Au, and including 6.00 metres of 2.65 gpt Au and 6.75 metres of 2.80 gpt Au.
•Forty-seven drillholes have now been reported for Colomac representing 17,100.89 metres of the 2019 drilling to-date. All holes have intersected mineralization.
Treasure Island
•Hole T19-01 intersected 6.25 metres of 12.08 gpt Au, including 2.50 metres of 28.61 gpt Au, and T19-01B reported an upper intersect of 27.25 metres of 1.41 gpt Au, including 9.25 metres of 2.37 gpt Au, and including 3.50 metres of 4.21 gpt Au, and a deeper intersect of 6.50 metres assaying 10.20 gpt Au, including 3.75 metres of 16.38 gpt Au, effectively extending the western boundary of the Main Zone.
•T19-01 and T19-01B intersected mineralization west of all previous drilling and tracked the zone from surface to 200 metres vertical depth, earmarking its western extension as being wide open for further expansion.
•Drilling has defined the system as being upwards of 200 metres wide and 700 metres long, where it remains largely open along strike and to depth.
•Nineteen holes (5,814 metres) have been drilled at Treasure Island in 2019 of which two are presented. Assay results for the remaining seventeen holes will be released as they become available.