Nighthawk Gold Corp. Dec. 29 said it has decided to allow to lapse its option to acquire the Kim and Cass properties, which include four mining leases adjacent to its Indin Lake gold property.

The company entered into an option to acquire Kim and Cass late in 2013.

Nighthawk said it is allowing the option on these satellite properties to expire in order to focus its cash and resources on further exploration of the core of its Indin Lake gold property, located 220 kilometers (135 miles) north of Yellowknife.

Since 2010, Nighthawk has accumulated a large land position along an 80-kilometer- (50 miles) long corridor in the Indin Lake gold area of Northwest Territories.

The Kim and Cass properties represented a 7,588-acre area along the west side of the north-south trend blanketed by Nighthawk claims.

The company continues to hold 222,203 acres in the Indin Lake Gold Camp.

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