15 January 2020
Nighthawk Gold Corp. is pleased to announce that it has entered into an agreement to purchase certain net smelter return, and net profit interest, royalties, from two parties. The Royalties relate to certain claims within the Leta Arm Gold Project, including the Lexindin showing, the Treasure Island Gold Project, the Laurie Lake showing, and the Barker-Vidie showing.
Dr. Michael Byron, President and CEO commented, "We consolidated the Indin Lake gold camp, including all its historical gold mines, deposits, and showings, because we are convinced of its untapped potential. As we continue to advance our flagship Colomac Gold Project, alongside our high-priority regional targets, we are confident in our abilities to generate new discoveries.
We are pleased to be entering into the Purchase Agreement to purchase these Royalties at this time. With the highly prospective nature of our Indin Lake Gold Property, we believe the ability to purchase the Royalties removes future financial burdens for our shareholders."