TSX: NHK
TORONTO, Feb. 19, 2019 /CNW/ - Nighthawk Gold
Corp. ("Nighthawk" or the "Company") (TSX: NHK; OTCQX: MIMZF)
is pleased to announce the latest exploration results on its
100% owned Indin Lake Gold Property in the Northwest Territories, Canada. The fieldwork
season ran from June to early September
2018 and included systematic bedrock mapping and sampling of
several priority target areas. A total of 2,153 grab samples and
channel samples were collected, resulting in the discovery of new
high-grade gold showings, as well as the confirmation and expansion
of historical occurrences.
The company also drilled the first ever holes at the Swamp
Project ("Swamp"), a newly defined and laterally extensive
gold system west of the Colomac Gold Project ("Colomac").
Three holes tested two new gold discoveries at surface and
confirmed the extension of mineralization to depth.
Dr. Michael Byron, President
& CEO commented, "We consolidated the Indin Lake gold camp,
including all its historical gold mines, deposits, and showings,
because we were convinced of its untapped capacity to deliver
significant gold ounces. It has the same characteristics as does
any productive high-profile Archean gold camp, with an abundance of
high-grade showings and deposits with widespread mineralization in
a range of styles that are largely hosted in brittle regimes. Each
year our field exploration programs have been successful in
expanding known showings and discovering new ones, a testament to
the land's potential and a validation of our thesis."
"We have the resources to continue advancing several of our
prominent Indin Lake area deposits and prospects in tandem with our
ongoing exploration activities focused at growing the Colomac
resource. In 2018, just over fifty-percent of drilling was directed
at some of our more prospective regional targets including the four
Leta Arm gold deposits, Treasure Island, Damoti Lake and Swamp. We
look forward to our 2019 campaign, as we intend to build upon our
previous successes and expand our geological mapping, prospecting,
and drilling programs to continue to advance some of our other key
prospects to drill ready status."
HIGHLIGHTS:
- New high-grade gold discovery at Fishhook Gold Project
("Fishhook") – Grab samples returned up to 174.50 grams per
tonne gold ("gpt" "Au") from mineralized iron
formation;
- New area of high-grade gold mineralization within the Nice
Lake Sill - Grab samples returned up to 41.90 gpt Au;
- New high-grade gold discovery at Andy Lake Project
("Andy Lake") – Samples of quartz vein returned up to 42.10
gpt Au;
- Expansion of high-grade gold at Treasure Island Gold Project ("Treasure
Island") – Sampling of historical trench returned up to 45.60
gpt Au;
- Elevated gold values at Laurie Lake showing ("Laurie Lake"),
defined over a 1.3 km by 1.7 km area – Surface samples ranged
from 1.05 gpt Au up to 22.50 gpt Au;
- Bay Showing – Surface samples assayed from 0.56 gpt Au
to 7.02 gpt Au, across five historical showings spanning a 1.2km by
1.8km area northeast of Laurie Lake;
- First holes drilled at Swamp Project – Drilling
undercut new surface gold showings and successfully traced
mineralization to depth;
- Barker-Vidie Showing – Grab sample assays 23.60 gpt
Au.
2018 Regional Field Exploration Results and
Discoveries
Treasure Island - Additional
Discoveries of Strong Surface Mineralization
Treasure Island lies 11 km
north of Colomac (Figure 1) within the eastern end of the Treasure
Island-Laurie Lake Mineralized Corridor, a 7 km long tract that
hosts several surface gold showings. Recognition of the abundance
of gold throughout this part of the Indin Lake Greenstone Belt
prompted Nighthawk's extensive prospecting and mapping exploration
activities of 2011, 2017 and 2018, as well as exploration drilling
in 2011 and 2018.
Nighthawk first drilled Treasure
Island in 2011 to test the Main Zone along the southern edge
of the island. Five holes (1,452 metres) intersected five stacked
mineralized panels in association with a sheared
volcanic/sedimentary rock contact. All holes reported gold
mineralization (see press release dated May
31, 2011) confirming the historical accounts of gold in
association with the faulted contact. Follow-up activities resulted
in the discovery of new surface showings, and in 2018 the Company
drilled sixteen holes (4,035 metres) that successfully
extended existing zones in all dimensions including intersections
of new high-grade zones at depth, highlighted by 18.50 metres of
7.37 gpt Au, including 8.00 metres of 16.14 gpt Au, and 5.25 metres
of 22.00 gpt Au (see press release dated October 22, 2018). Drilling focused on the Main
Zone's highly altered and silicified 200-metre-wide mineralized
envelope that spans the regional contact between volcanic rock and
sedimentary rock units.
In 2018 the Company also drilled its first holes into the East
Zone, a second area of mineralization 500 metres east of the Main
Zone (Figure 2). Results confirmed the historical reports of gold
and delivered a new shallow high-grade intersection spanning 11.75
metres of 10.78 gpt Au, including 6.50 metres of 19.15 gpt Au (see
press release dated October 22,
2018), an indication that the high-grade nature of the Main
Zone may exist throughout the 700 metres of mineralized
stratigraphy.
The area between the Main Zone and East Zone remains largely
untested, as does the 4 kilometres that separates Treasure Island from Laurie Lake to the west,
leaving more than 75% of the Treasure Island-Laurie Lake
Mineralized Corridor to be explored.
Field Activities
Grab samples collected in 2011 from the historical Booty Showing
along the northern shore of the Island (Figure 2) assayed up to
13.35 gpt Au. The area was revisited in 2017 as part of an extended
regional exploration program resulting in the discovery of a new
high-grade gold surface showing, the Seadog showing, 750 metres
west of the Booty Showing and 1.0 kilometre north of the Main Zone,
where grab samples returned up to 27.80 gpt Au, and 19.85 gpt Au
from a 1.0 metre channel sample (see press release dated
April 12, 2018).
The western portion of the island was systematically sampled
during the 2017 program, and detailed sampling of the island's
eastern sector was completed in 2018, highlighted by a 45.60 gpt Au
grab sample collected from a historical trench in metasedimentary
rock (Table 1, Figure 2). Four additional samples collected north
and east of the trench and returned values ranging from 1.19 gpt to
6.25 gpt. All gold bearing samples are fine to medium grained
metasediments with 0.5% to 1.0% disseminated pyrite and moderate
iron oxide alteration.
Treasure Island continues to be
a high-priority area for the Company. New surface showings of
high-grade gold mineralization are found throughout the project,
and the high-grade gold drill intersections that have been
documented over a 700-metre strike length remain open. Its
exploration upside potential is largely untested and is considered
a prime candidate to host a significant deposit.
Table 1. Treasure Island
– 2018 select grab sample results
Sample
|
Easting
|
Northing
|
Au
(gpt)
|
R450801
|
589738
|
7153268
|
45.60
|
R450806
|
590065
|
7153892
|
6.25
|
R450811
|
590169
|
7153927
|
1.19
|
R450822
|
590229
|
7154180
|
2.25
|
R450831
|
590621
|
7154037
|
2.84
|
V953034
|
590157
|
7154056
|
1.86
|
Nice Lake North - New
Discoveries Within Nice Lake Sill
The Nice Lake sill was discovered in 2016 while prospecting a
large linear anomaly 1.5 km east of Colomac (Figure 1) that shows
similarities in magnetic intensity and anomaly shape to both the
Colomac and Goldcrest sills. Areas of quartz diorite bedrock are
associated with magnetic highs that delineate the newly discovered
sill which was subsequently traced for over 4.0 km in outcrop along
a trend sub-parallel to the Colomac sill. Anomalous grab samples
(up to 2.61 gpt Au) were collected over much of its length (see
press release dated February 7,
2017).
Follow-up field work in 2017 successfully expanded the
discovery. Grab samples returned up to 4.19 gpt Au (see press
release dated April 12, 2018),
extending the length of the sill to over 10 km. Outcrop mapping
between Colomac, Nice Lake, and areas east of Nice Lake identified
multiple smaller sills within this 2-kilometre-wide corridor.
Detailed mapping has shown that the sills exhibit the same
intensity of deformation and alteration as that found in
association with gold within the Colomac Main Sill.
In 2018 high-grade gold samples were collected from two
locations northeast of Baton Lake (Figure 3). Sample R450054
returned 38.90 gpt Au from a gossanous zone of sheared
chloritic-mafic volcanic rock. Approximately 530 meters southeast
of this location visible gold was discovered in a quartz-vein
within gossanous sulfide-rich blue quartz eyed gabbro that assayed
41.90 gpt Au. Additional samples were taken proximal to the
high-grade samples and are included in Table 2. Several highly
gossanous patches were noted along the 530 meters separating these
two high-grade sample sites. This represents a key area for
follow-up work, as these grades could be an indication that a
higher-grade domain may be present similar to Zone 1.5 within the
Colomac Main Sill.
Table 2. Nice Lake North –
2018 select grab sample results
Sample
|
Easting
|
Northing
|
Au
(gpt)
|
R450054
|
593012
|
7144189
|
38.90
|
R449862
|
593295
|
7143728
|
41.90
|
R449863
|
593295
|
7143728
|
19.05
|
R449858
|
593018
|
7144186
|
4.73
|
R450056
|
593289
|
7143741
|
2.83
|
V953854
|
592854
|
7143612
|
2.26
|
R450059
|
593284
|
7143760
|
2.21
|
R450057
|
593289
|
7143741
|
0.71
|
R449861
|
593295
|
7143728
|
0.55
|
Andy Lake – New High-Grade
Gold Discovery
Andy Lake is located 20 km south
of Colomac within the Gamey Lake Volcanic Panel, a N-S trending
volcanic rock package bordered by metasedimentary rocks to the east
and west (Figure 1). The Andy Lake Granodiorite and its associated
granitoid dykes intrude the panel. Regional sampling in 2012
identified the area for follow-up work and in 2016, a new style of
Au-Ag-Bi mineralization was discovered that had not been previously
identified within the Indin Lake Greenstone Belt (see press release
dated February 7, 2017).
Mineralization is hosted by felsic and intermediate intrusions,
characterized by a high Ag:Au ratio, and highly anomalous
bismuth. Gold with high silver and bismuth occur at both ends
of Andy Lake in a granite host 1.3 km apart (Figure 4).
In 2018 a 1:20,000 scale mapping program covered much of the
Gamey Lake Volcanic Panel to examine its structural and
lithological characteristics and assess its economic potential.
Detailed mapping and sampling (161 samples) generated a new area of
high-grade gold mineralization just south of Andy Lake (Figure 4).
A new quartz vein discovery 83 metres long and 2 metres wide
yielded 8 samples with assays between 0.90 gpt Au and 2.00 gpt Au,
suggesting that larger veins are present but perhaps hidden by
overburden. Typically, quartz veins are between 1-30 cm-wide and
discontinuous, often hematite altered with visible pyrite and
chalcopyrite. Although veins are expansive, extending in an NNE-SSW
trend away from the Andy Lake Granodiorite, gold contents are
highest in the area between Andy
Lake and 'small Andy Lake'
(Table 3, Figure 4) where samples range from 0.50 gpt Au to 42.10
gpt Au, a possible indication that the most prospective style of
mineralisation noted to-date is intrusion related gold system
quartz veins associated with the Andy Lake Granodiorite. The area
is also anomalous in Ag, Bi, Mo, Pb, and Cu.
Andy Lake has grown from an
interesting new polymetallic showing to a highly prospective new
gold prospect, that with limited fieldwork, has shown its potential
for hosting an intrusion related gold system dominated by
mineralized quartz veins. Additional fieldwork is being planned
that will include detailed work within the new discovery area
between the two lakes in preparation for drilling.
Table 3. Andy Lake – 2018
select grab sample results
Sample
|
Easting
|
Northing
|
Au
(gpt)
|
H559227
|
593043
|
7122873
|
42.10
|
V953147
|
592954
|
7122530
|
8.79
|
V953499
|
593049
|
7122881
|
3.46
|
V953498
|
593171
|
7122900
|
2.24
|
H559217
|
592980
|
7122983
|
1.98
|
R449934
|
594010
|
7123368
|
1.88
|
H559207
|
592974
|
7122941
|
1.71
|
H559206
|
592964
|
7122915
|
1.35
|
R449949
|
594025
|
7123355
|
1.26
|
Laurie Lake – High-Grade Gold Showings
The Laurie Lake showings are 8.5 km northwest of Colomac along
the western extent of the Treasure Island-Laurie Lake Mineralized
Corridor (Figure 1). Regional geology consists of alternating mafic
metavolcanic and turbiditic metasedimentary units. The area of
interest is dominantly underlain by mafic metavolcanic rocks
consisting of gabbro, porphyry intrusions and pillowed volcanic
flows.
Historical trenches, overburden pits and channel sample sites
lie along a NE-SW mineralized trend consistent with the western
extension of the Treasure Island Laurie Lake Mineralized Corridor.
All known historical drill holes have intersected gold
mineralization highlighted by 6.56 gpt Au over 1.40 meters.
Nighthawk's 2014 regional exploration program included geological
mapping, prospecting, and outcrop sampling, validating many of the
area's previously known gold occurrences.
Gold bearing sulphide mineralization within the Laurie Lake iron
formation was sampled extensively in 2014. Forty-four samples were
collected and analyzed for gold, with 38 containing gold at or
above detection limit with the best sampled from an intensely
oxidized foliated banded iron formation that assayed 4.17 gpt
Au.
In 2018 the prospecting program revisited the area to expand on
the 2014 work. Forty-one additional samples were collected showing
elevated gold values distributed over an area of 1.3 km by 1.7 km
(Figure 5), of which 14 grab samples returned values ranging from
1.05 gpt Au to 22.50 gpt Au (Table 4), while an additional 27
samples ranged from 0.13 gpt Au to 0.84 gpt Au.
The Treasure Island-Laurie Lake Mineralized Corridor is another
example of the scale that some of these vastly underexplored gold
systems within the Indin Lake Greenstone Belt exhibit. A similar
scale of mineralized strike length is also present at Colomac and
Leta Arm.
Table 4. Laurie Lake – 2018 select grab sample results
Sample
|
Easting
|
Northing
|
Au
(gpt)
|
N937730
|
587715
|
7151725
|
22.50
|
H559386
|
586966
|
7152213
|
11.55
|
N933792
|
586761
|
7152133
|
7.10
|
H559377
|
586712
|
7152128
|
7.08
|
V953502
|
587602
|
7152446
|
5.51
|
N933789
|
586761
|
7152133
|
4.11
|
N937721
|
587590
|
7151673
|
3.87
|
N937724
|
587659
|
7151700
|
3.79
|
V953302
|
587851
|
7151638
|
1.73
|
N933964
|
588099
|
7152679
|
1.58
|
Bay Showings
The Bay Showings lie 2.5 kilometres northeast of Laurie Lake
within the northern boundary of the Treasure Island-Laurie Lake
Mineralized Corridor (Figure 1). Local stratigraphy is dominated by
mafic to intermediate metavolcanic rocks, gabbro, and porphyry
intrusions, with metasedimentary rocks sandwiched between volcanic
sequences. Along the western shoreline of Spider Lake an oxide
facies iron formation lies proximal to the volcanic-sediment
contact.
Table 5 contains select sample assay results from the five
showings that constitute the Bay Showings (Figure 6).
Mineralization straddles gossanous metavolcanic and metasedimentary
rock contacts transected by quartz veins. Metasedimentary rocks are
the principal mineralized host.
In conjunction with the abundance of Laurie Lake gold showings
to the south, the entire western extension of the Treasure
Island-Laurie Lake Mineralized Corridor appears as well mineralized
as the eastern Treasure Island
area, but much less explored. Additional fieldwork is needed to
better determine the area's potential, however the presence of
high-grade gold and mineralization that is well dispersed
throughout points to its untapped potential.
Table 5. Bay Showings – 2018 select grab sample
results
Sample
|
Easting
|
Northing
|
Au
(gpt)
|
N934292
|
588158
|
7155200
|
7.02
|
N937788
|
587323
|
7154532
|
6.48
|
N937791
|
587265
|
7154556
|
5.79
|
N937708
|
587682
|
7154037
|
2.10
|
N937706
|
587682
|
7154037
|
1.63
|
N934293
|
588157
|
7155200
|
1.24
|
Swamp
Swamp lies 6 km northwest of Colomac (Figure 1), in association
with a large deformation zone and intense iron-carbonate
alteration; hallmark features of Archean lode-gold deposits and
similar to those found within the Timmins Gold Camp. An altered
gabbro intrusion lies east of the main Swamp showing and hosts gold
mineralization in 15 centimetre to 1.5 metre wide quartz-carbonate
veins. Intense silicification as well as iron-carbonate define the
alteration.
Nighthawk established the core of the showing to have an across
strike outcrop width of 85 meters with a highly strained and
altered corridor that extends for approximately 400 meters to the
southwest (Figure 7). Assays of up to 43.60 gpt Au were generated
from sampling in 2012 and up to 4.33 gpt Au from grab samples taken
in 2017. Preliminary channel sampling returned 2.98 gpt Au over 1.0
metre (see press release dated April 12,
2018). Detailed infill sampling has revealed that a broad
area of anomalous gold is associated with the showing and has a
minimum footprint of 1.6 km by 1.0 km.
In the fall of 2018, a limited program of channel sampling was
laid out across two outcrop areas that host the new showings with
assays returning up to 2.55 gpt Au (Table 6). Induced Polarization
(IP) and magnetometer ground surveys were previously completed to
assist with the placement of three holes that were drilled below
two surface gold showings and corresponding IP anomalies.
Two holes (S18-01 and S18-01B)
were drilled from the southern collar location to test beneath a
showing with a corresponding IP chargeability high (Figure 7). Both
holes intersected mineralization 60 metres to 80 metres directly
below the surface mineralization and centred on the IP anomaly
(Table 7). The host rock is carbonatized mafic volcanic rock with
minor sulphides. Two occurrences of visible gold were noted in hole
C18-01B with the best intercept
returning 3.33 gpt over 3.25 metres. The strong correlation between
mineralization and the IP anomaly suggests continuity within the
system, and earmarks IP as an effective tool for tracking
mineralization at Swamp. Additional work is being panned to better
asses the area's broader potential but early indications are very
encouraging. Hole S18-02 was drilled below the prospect's best
surface showing where a 2012 grab sample assayed 43.60 gpt Au
(Figure 7). It intersected an area of significant quartz veining at
135 metre depth with trace gold but failed to effectively explain
the IP anomaly.
These are the first holes ever drilled at Swamp and the last
ones completed in 2018 and have established that mineralization
continues to depth. However, more work needs to be carried out to
fully evaluate its 1.6 km by 1.0 km mineralized footprint.
Table 6. Swamp - 2018 select channel sample results
Sample
|
Easting
|
Northing
|
Length
(m)
|
Au
(gpt)
|
V953069
|
585578
|
7146683
|
0.5
|
2.55
|
I331703
|
585825
|
7146622
|
0.5
|
1.56
|
V953247
|
585822
|
7146616
|
0.5
|
0.93
|
V953249
|
585822
|
7146616
|
0.5
|
0.51
|
V953248
|
585822
|
7146616
|
0.5
|
0.38
|
Table 7. Swamp - 2018 drill results
Hole
ID
|
Collar
Orientations
(degrees)
|
Intersection
(Metres)
|
Core
Length
|
Gold
Grade
|
Azimuth
|
Dip
|
From
|
To
|
(Metres)*
|
gpt
|
S18-01
|
|
|
111.20
|
112.50
|
1.30
|
3.82
|
including
|
160
|
-50
|
111.85
|
112.50
|
0.65
|
6.83
|
|
|
|
173.95
|
176.05
|
2.10
|
0.42
|
S18-01B
|
|
|
116.50
|
119.75
|
3.25
|
3.33
|
including
|
160
|
-65
|
119.00
|
119.75
|
0.75
|
6.06
|
S18-02
|
160
|
-55
|
254.20
|
255.25
|
1.05
|
0.37
|
*Lengths are reported
as core lengths. True widths have not yet been
calculated.
|
Fishhook – High-Grade Gold In Iron Formation
Fishhook consists of several historical gold showings spanning
an area 6 km by 1.5 km, 40 km southwest of Colomac. Showings are
hosted by complex folded amphibolitic oxide-silicate iron formation
within a sequence of metasedimentary rocks, an environment similar
to the Damoti Lake Gold Deposit ("Damoti Lake"), (Figure
1). Iron formation is characterized by tightly folded, narrow
1 meter to 3-meter-wide lenses that locally exceed 10 meters due to
folding. Fold noses appear to be a focal point for localizing gold
mineralization where mineralization is commonly confined to
the host silicate iron formation. Between 1994 and 1996, Gitennes
Exploration conducted outcrop mapping, surface sampling, geophysics
and trenching that culminated in 109 drill-holes that tested 12
major gold occurrences. Drilling was generally restricted to a
maximum depth of 100 meters. Historical intersections of narrow
high-grade gold are confined to individual iron formation bands or
where mineralization extends between the bands of iron formation;
highlights include 8.6 metres of 14.21 gpt Au, 13.55 metres of 7.36
gpt Au, and 12.92 metres of 5.44 gpt Au.
The objective of the 2018 mapping and sampling program was to
infill areas prospected during Nighthawk's 2011 regional field
program and resample select 2011 sample locations for
lithogeochemical analyses. This work is highlighted by a grab
sample taken from a medium grained, intensely iron oxide altered
banded iron formation that assayed 174.50 gpt Au (Figure 8).
Several other samples returned gold grades over 1.0 gpt Au
verifying the projects aerially extensive and highly anomalous
nature (Table 8).
Fishhook is the Company's southernmost project and has received
very little attention to-date, but it's high-grade nature and
extensive mineralization is consistent with what is noted
throughout the gold camp, and a project that will be looked at in
greater detail given its resemblance to the Company's Damoti Lake
high-grade gold deposit.
Table 8. Fishhook – 2018 select grab sample results
Sample
|
Easting
|
Northing
|
Au
(gpt)
|
R450100
|
587120
|
7104953
|
174.50
|
N934212
|
587827
|
7106253
|
15.30
|
N934116
|
587865
|
7105443
|
5.83
|
N934114
|
587869
|
7105478
|
7.94
|
N934174
|
587591
|
7104041
|
5.11
|
N934126
|
587282
|
7105332
|
3.60
|
R458886
|
587736
|
7104340
|
2.42
|
R449939
|
587924
|
7105285
|
2.94
|
V953084
|
586902
|
7101037
|
9.88
|
V953076
|
586999
|
7101093
|
4.58
|
V953077
|
587059
|
7101074
|
1.13
|
I331593
|
587331
|
7101688
|
1.04
|
Nighthawk's 899 km2 Indin Lake Gold Project
encompasses many other highly prospective and untested prospects.
Two of these were examined and sampled in 2018 and generated highly
anomalous gold assays. At the Albatross Showing 15 km southwest of
Colomac (Figure 1) prospecting focused on a regional contact
between metavolcanics rocks and metasedimentary rocks intercalated
with fine grained metagabbro. Grab samples taken from altered
gabbro range from 0.57 gpt Au to 4.02 gpt Au. This same geological
setting hosts the Cass deposit (located 1 kilometre to the east see
press release dated October 27,
2014), where a small historical open pit deposit was
developed within a gabbroic body.
Eleven grab samples were collected from the Barker-Vidie
showing, that lies 27 kilometres south-southwest of Colomac (Figure
1). A sample taken from a horizontal quartz carbonate vein in
altered mafic meta-volcanic rock assayed 23.60 gpt Au. Additional
work is needed to further delineate the extent of mineralized
quartz veining associated with this showing.
Technical Information
Nighthawk has implemented a quality-control program to comply
with best practices in the sampling and analysis of drill
core. Drill core samples were transported in security-sealed
bags for analyses at ALS Global Assay Laboratory in Vancouver, BC ("ALS Global"). ALS Global
is an ISO/IEC 17025 accredited laboratory. Pulp and metallics
assaying for gold was conducted on the entire pulverized
sample.
As part of its QA/QC program, Nighthawk inserts external gold
standards (low to high-grade) and blanks every 20 samples in
addition to the standards, blanks, and pulp duplicates inserted by
ALS Global.
About Nighthawk
Nighthawk is a Canadian-based gold exploration company with 100%
ownership of a district-scale land position within the Indin Lake
Greenstone Belt, located approximately 200 km north of Yellowknife, Northwest Territories, Canada.
Nighthawk is focused on advancing the Colomac Gold Project with a
current inferred resource of 2.6 million ounces of gold (50.3
million tonnes at an average grade of 1.62 grams per tonne gold),
as well as advancing its other regional gold deposits and showings
within this largely underexplored Archean gold camp.
The Company has an experienced and dedicated team and is well
funded to complete its goals and objectives over the next 12-18
months.
Qualified Person
Dr. Michael J. Byron, Ph.D.,
P.Geo., President & Chief Executive Officer of Nighthawk, who
is the "Qualified Person" as defined by NI 43-101 for this project,
has reviewed and approved of the technical disclosure contained in
this news release. Please refer to NI 43-101 technical report
"Technical Report and mineral resource estimate update on the
Colomac Property of the Indin Lake Project", dated June 13, 2018, as filed under the company's
profile on www.sedar.com.
Neither the Toronto Stock Exchange has neither reviewed nor
accepts responsibility for the adequacy or accuracy of this news
release.
Forward-Looking Information
This news release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to,
information with respect to the Company's continued exploration
programs, its ability to expand on mapping, prospecting and
drilling; the ability to advance targets and conduct enough
drilling to produce NI 43-101 compliant resource estimates, and the
timing and results thereof; the ability to grow resources at
Colomac, and the timing and results thereof; and the ability to
raise the necessary capital on acceptable terms in order to conduct
exploration programs including mapping, prospecting and drilling
activities in future years, as well as any intention to expand
these programs in the future.. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as "plans", "expects", or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "does not anticipate", or "believes"
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might", or
"will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and
estimates of management at the date the information is made, and is
based on a number of assumptions and is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Nighthawk to be materially different from those expressed or
implied by such forward-looking information, including risks
associated with the exploration, development and mining such as
economic factors as they effect exploration, future commodity
prices, changes in foreign exchange and interest rates, actual
results of current exploration activities, government regulation,
political or economic developments, environmental risks, permitting
timelines, capital expenditures, operating or technical
difficulties in connection with development activities, employee
relations, the speculative nature of gold exploration and
development, including the risks of diminishing quantities of
grades of reserves, contests over title to properties, and changes
in project parameters as plans continue to be refined as well as
those risk factors discussed in Nighthawk's annual information form
for the year ended December 31, 2017,
available on www.sedar.com. Although Nighthawk has attempted
to identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue
reliance on forward-looking information. Nighthawk does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
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SOURCE Nighthawk Gold Corp.