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Junior eyes wider gold potential at Indin Lake


Last updated 12/4/2016 at Noon

Nighthawk Gold Corp. Nov. 24 reported another round of results from an 8,400-meter drill program completed this year at its Indin Lake gold property roughly 200 kilometers (125 miles) north of Yellowknife, Northwest Territories.

In 2013, Nighthawk reported an inferred mineral resource of 39.8 million metric tons averaging 1.64 grams per metric ton (2.1 million ounces) gold, mostly in the parallel Colomac and Goldcrest trends of dikes and sills.

Earlier this year, the company reported results from Zone 1.5 at Colomac.

Highlights from Zone 1.5 include 52.07 meters (40 meters true width) of 7.72 grams per metric ton gold in hole C16-03 and 31.45 meters (25 meters true width) of 4.14 g/t gold in hole C16-01.

The latest batch of results are from Colomac zones 1.0 and 2.5.

Highlights from drilling at Zone 1.0 include 55.95 meters (40 meters true width) of 1.09 g/t gold in hole C16-06B and 27.22 meters (20 meters true width) of 1.06 g/t gold in C16-06.

Nighthawk said these results highlight the potential for discovering higher grade gold domains along the 2,000-meter stretch of the Colomac trend between zones 1.0 and 1.5.

Hole C16-07B, drilled at Zone 2.5, cut 57 meters (37 meters true width) of 1.47 g/t gold; and C16-07 cut 44 meters (33 meters true width) of 1.29 g/t gold.

Highlights from drilling at Goldcrest North include 6.34 meters (4.5 meters true width) of 2.22 g/t gold in G16-03 and 12.5 meters (nine meters true width) of 1.48 g/t gold in G16-05.

"The current results strengthen our long held belief that Colomac offers immense opportunities for discovery of new zones, the expansion of known zones, and for continued success in unearthing additional high-grade domains," said Nighthawk President and CEO Michael Byron.


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