7 February 2017
TORONTO, ONTARIO--(Marketwired - Feb. 7, 2017) - Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX VENTURE:NHK) is pleased to announce the discovery of a new mineralized quartz diorite intrusion similar to the Colomac and Goldcrest sills. Exploration activities focused on prospecting geophysical targets outlined from recent airborne and ground magnetic surveys, and culminated in the discovery of the Nice Lake sill (Figures 1 & 2) located just 1.5 kilometers ("km") east of Colomac.
"The discovery of the Nice Lake sill is a pivotal event for Nighthawk," said Dr. Michael Byron, President and CEO. "It not only presents a highly prospective target, and potential resource expansion opportunity, but also demonstrates the striking lack of exploration within the general Colomac area, effectively opening up vast stretches of underexplored land east of Colomac. Although early yet, this new intrusion appears geologically similar to the Colomac differentiated sill," notes Dr. Byron. "It's a minimum of 4.0 kilometres long with anomalous gold mineralization over much of its length, lies parallel to the 2 sills, and shares the same magnetic intensity and anomaly shape. To date, the Colomac and Goldcrest sills are the most important hosts of gold mineralization in the camp, so a discovery of this nature and magnitude close to our current resource is both encouraging and incredibly exciting. We look forward to following up on this work in 2017, while aggressively advancing our many other regional prospects."
This past summer, the Company also carried out directed regional exploration activities throughout its Indin Lake Gold Property. This was highlighted by the Andy Lake discovery, a new style of gold-silver-bismuth mineralization for the camp. Initial work on the Andy Lake prospect, located 20 km south of Colomac, has defined a target with a potential strike length of 1.3 km (Figure 3).