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Nighthawk Gold reports 6.75 g/t gold over 12.75 metres at its 24/27 deposit within the Colomac Centre Area at its Indin Lake Gold property, Northwest Territories

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Nighthawk Gold (TSXV:NHK) (OTCQX:MIMZF) reports 6.75 g/t gold over 12.75 metres at its 24/27 deposit within the Colomac Centre Area at its Indin Lake Gold property, Northwest Territories. The Colomac Centre and Satellite deposits currently have a Mineral Resource Estimate of 58.2 million tonnes grading 1.44 g/t Au for 2.69 million ounces in the Indicated category and 19.7 million tonnes grading 2.10 g/t Au for 1.33 million ounces in the Inferred category.

Additional Information:

Company: Nighthawk Gold Corp
Website: https://nighthawkgold.com/
Stock Symbol: TSX:NHK
Date Published: Jul 28, 2022
Transcript: Available

Video Transcript:

Nighthawk Gold Corp. (TSX:NHK) (OTCQX:MIMZF), a Canadian-based gold exploration company, reported initial drill assay results from its 2022 Exploration Program at its Indin Lake Gold Property in the Northwest Territories, Canada.

The company owns 100% of more than 930 square kilometers of district-scale land position within the Indin Lake Greenstone Belt, located approximately 200 km north of Yellowknife, Northwest Territories, Canada, where the company is advancing several highly prospective exploration targets.

The Colomac Centre and Satellite deposits currently have a Mineral Resource Estimate of 58.2 million tonnes grading 1.44 g/t Au for 2.69 million ounces in the Indicated category and 19.7 million tonnes grading 2.10 g/t Au for 1.33 million ounces in the Inferred category.

Today’s encouraging results are from its 24 and 27 Deposits, collectively known as the 24/27 Deposit, located in the Colomac Centre Area.

Drilling in 2022 primarily targeted areas outside the 2022 Mineral Resource Estimate pit shells, with the goal to continue expanding the potential pit-constrained mineralization, particularly in the higher-grade areas.

This latest batch of results represents 4,387 metres of drilling, bringing the total reported assay results to 10,003 metres of drilling for 2022.

Most of the 24/27 Deposit drill assay results returned mineralized intersections outside the current Mineral Resource Estimate pit shells, which suggest the potential expansion of the mineral resources in these areas.

Highlights are shown here. For additional results please refer to today’s news release.

Mineralized widths at the 24 Deposit were confirmed to be wider than previously thought, as evidenced by drill hole TFS22-02, which intersected mineralization of 6.75 g/t Au over 12.75 m, including 16.45 g/t Au over 2.75 m, and 1.20 g/t Au over 26.75 m, including 8.41 g/t Au over 1.1 m, closer to surface than previously expected.

Gold mineralization is hosted by grey-white smoky quartz veins, within a sheared intermediate volcaniclastic rock bounded on the east by sediments.

Keyvan Salehi, P.Eng., CEO, stated: “We received more encouraging drill assay results from the Colomac Centre. The 24/27 Deposit drilling yielded higher-grade, near-surface mineralization outside the current Mineral Resource Estimate1 pit shells. Drill Hole TFS22-02 intersected 6.75 g/t Au over 12.75 m and was the highlight of this batch of results. The potential expansion of the open-pit mineralization in the Colomac Centre appears to be supported by the data received so far.”

TFS22-13 and TFS22-11 are step out drill holes located approximately 250 m to the north, along strike, of the 24/27 Deposit.

Both drill holes intersected narrow mineralized quartz veining within the same intermediate volcanic on as the 24 Deposit and warrant continued exploration along strike.

Additional drill assays are pending for the south extension of the 24/27 Deposit.

The shares are trading at $0.39.

For more information on the other active projects, please visit the company’s website, www.NighthawkGold.com, contact Allan Candelario, VP, Investor Relations & Corporate Development at 416-880-7090 or by email at info@NighthawkGold.com.