1 March 2021
Nighthawk Gold Corp. is pleased to report an updated Mineral Resource Estimate, on the 100% owned Indin Lake Gold Property, located 200km north of Yellowknife, Northwest Territories, Canada. The 2021 MRE builds upon the 2020 Mineral Resource Estimate, and includes additional drilling completed in 2020. The Company also provides an outlook for exploration, including identified drill targets.
Highlights of 2021 MRE:
Indicated Resources:
•38.7 Mt @ 1.81 g/t for 2.25 million ounces (35% increase from 2020 MRE)
oIncluding 17.9 Mt @ 1.62 g/t for 0.93 million ounces open pit resources (71% increase from 2020 MRE)
Inferred Resources:
•11.5 Mt @ 2.13 g/t for 0.79 million ounces (60% increase from 2020 MRE)
Keyvan Salehi, President & CEO commented: ‘’We are very pleased with the results of the 2021 MRE with a significant increase to our global resource base. Following a comparison of our peers and current economic conditions, we have adjusted the economic parameters from our previous 2020 MRE and included the assayed 2020 drill holes, many of which have returned excellent results. This resulted in a 35% increase in total indicated resources and a 60% increase in total inferred resources. We are particularly excited with the 71% increase in indicated pit constrained resources in the 2021 MRE.”
‘’We have also established aggressive exploration plans focused principally on increasing the near-surface pit-constrained resources both at Colomac along strike, and on exciting grassroots targets, including at Nice Lake and Kim & Cass. We believe these targets could contribute significantly to the near-surface resources proximal to the main Colomac Deposit.’’