3 February 2021
Nighthawk Gold Corp. reported assay results for twelve (12) drillholes (4,325 metres) from the 2020 drilling campaign on the Treasure Island Gold Project, located within the northern section of its Indin Lake Gold Property, Northwest Territories, Canada (Figure 1; Table 1 in the release).
A total of 15 holes for 5,508 metres of drilling was completed at Treasure Island as part of the 2020 drilling campaign with 12 holes being reported on today. Of the 12 holes, 5 tested the Seadog Showing, an area where surface grab samples previously returned values of up to 27.8 grams per tonne gold ("g/t", "Au"), while the remaining 7 holes tested the extension of the Main Zone. As shown in the highlight table below, significant assay results were obtained on both areas with values of up to 4.49 g/t Au over 7.25 metres in hole T20-03 (Figure 2).
Richard Roy, Vice President of Exploration commented, "Drilling at Treasure Island continued to encounter elevated grades within the near surface environment and tested the continuity of mineralization to depth. The target area has now been traced for up to 850 metres in strike length and remains open in both directions and to depth.
"The impact of Covid-19 has resulted in longer than usual turnaround times for assay results, hence we are still working through results from our 2020 drilling campaign. Results from the remaining three holes at Treasure Island are pending and will be released as the information becomes available. Once all information has been received the target area will be compiled and assessed along with all other advanced targets within the property. This assessment will serve as a guide for future drilling and exploration at Treasure Island."