27 October 2022
TORONTO, Ontario, October 27, 2022 -Nighthawk President & CEO Keyvan Salehi commented, “The Colomac Main Deposit continues to deliver high-grade, near-surface mineralization over meaningful widths, suggesting the strong potential to expand the open-pit mineral resources of the deposit. We see a lot more upside along the main deposit at Colomac, along strike and at depth. The open pit part of the deposit is still shallow due to lack of drilling and sufficient data along the 7km trend and can grow substantially with successfully targeting and drilling the higher-grade mineralization as shown with the latest results published in this press release.”
Colomac Main Deposit
The Colomac Centre Area (please refer to Figure 2 for the Regional Map) represents a group of five proximal deposits (Colomac Main, Grizzly Bear, Goldcrest, 24 & 27) in the heart of the Colomac Gold Project. The latest batch of drill assay results from the Colomac Main Deposit (please refer to Figure 3 for the Local Map of the Drill Hole Locations) targeted near surface mineralization outside the current Mineral Resource Estimate (“2022 MRE”)[1] pit-shells, with the goal of expanding the middle areas (Zones 2.5 and 3.0) of the deposit.