Nighthawk drills 14.75 m of 6.91 g/t Au at Damoti

Stockwatch Daily - - MINES & METALS - Dr. Michael By­ron re­ports

NIGHTHAWK GOLD Corp. has re­leased drill re­sults from 17 holes (5,140 me­tres) at its 100-per­cent-owned Damoti Lake gold project, North­west Ter­ri­to­ries. Drilling fo­cused on ex­plor­ing out­side of the main de­posit, to test sev­eral new ge­o­log­i­cal tar­gets within the host Horseshoe and Red Moun­tain syn­clines. The pro­gram suc­cess­fully in­filled and ex­tended min­er­al­ized zones in both ar­eas, in­ter­sect­ing ad­di­tional near sur­face as well as deeper min­er­al­iza­tion, and high­light­ing new ex­plo­ration op­por­tu­ni­ties within the north­ern por­tions of the syn­clines.

High­lights of drilling Horseshoe zone:

• D18-02 in­ter­sected 6.95 me­tres of 10.12 grams per tonne gold, in­clud­ing 4.20 m of 15.81 g/t Au; 2.50 m of 8.97 g/t Au, in­clud­ing 1.00 m of 19.36 g/t Au.

• D18-02B in­ter­sected 9.35 m of 4.34 g/t Au, in­clud­ing 2.60 m of 11.59 g/t Au; 5.75 m of 9.78 g/t Au, in­clud­ing 3.50 m of 15.85 g/t Au.

• D18-07 in­ter­sected 23.65 m of 1.54 g/t Au, in­clud­ing 3.30 m of 4.24 g/t Au, and 1.20 m of 9.05 g/t Au; 11.25 m of 2.18 g/t Au, in­clud­ing 3.00 m of 4.55 g/t Au.

• D18-07B in­ter­sected 14.75 m of 6.91 g/t Au, in­clud­ing 4.25 m of 15.28 g/t Au; 9.50 m of 2.61 g/t Au, in­clud­ing 4.00 m of 3.50 g/t Au. Red Moun­tain zone:

• D18-06 in­ter­sected 8.65 m of 1.89 g/t Au, in­clud­ing 1.50 m of 6.14 g/t Au.

• D18-06B in­ter­sected 4.25 m of 3.31 g/t Au, in­clud­ing 1.25 m of 10.22 g/t Au; 5.25 m of 2.46 g/t Au, in­clud­ing 1.25 m of 7.94 g/t Au.

• The D18-06 and D-18-06B in­ter­cepts rep­re­sent a new dis­cov­ery at Red Moun­tain that re­mains open in all di­men­sions. High­lights of the Damoti Lake gold de­posit:

• Small high-grade near-sur­face de­posit with re­source ex­pan­sion po­ten­tial;

• Ex­ist­ing un­der­ground ramp de­vel­oped into the high-grade core of Horseshoe;

• High-grade satel­lite de­posit that could aug­ment fu­ture Colo­mac gold devel­op­ment sce­nario;

• Damoti em­bod­ies the re­mark­able op­por­tu­ni­ties that Nighthawk’s many other re­gional as­sets rep­re­sent, and which col­lec­tively strengthen the com­pany’s 100-per-c ent -con trol led re­gional play cen­tered on Colo­mac, a mul­ti­mil­lion-ounce de­posit with sig­nif­i­cant growth pos­si­bil­i­ties.

Note: All as­says are un­cut.

Dr. Michael By­ron, pres­i­dent and chief ex­ec­u­tive of­fi­cer, com­mented: “While Nighthawk has not drilled Damoti since 2010, we were ea­ger to re­sume ac­tiv­i­ties as it rep­re­sents a unique high­grade, near-sur­face de­posit, one that we con­sider of great value as po­ten­tial feed to aug­ment pos­si­ble fu­ture Colo­mac mine devel­op­ment. Damoti also sup­ports our be­lief that sim­i­lar high-grade op­por­tu­ni­ties ex­ist through­out the Indin Lake gold camp. The con­sol­i­da­tion of this camp, in­clud­ing all of its many de­posits and show­ings, gives us con­trol of its vast yet un­der­ex­plored po­ten­tial.

“Our 2009 and 2010 drill pro­grams were mainly di­rected at val­i­dat­ing and ex­pand­ing the main de­posit, while the 2018 drilling was aimed at test­ing ge­o­log­i­cal ex­plo­ration tar­gets out­side the main body, in search of new growth op­por­tu­ni­ties. Ad­di­tional drilling and ex­plo­ration work will be con­tin­gent upon the in­cor­po­ra­tion of all drill re­sults to date into an ex­panded ge­o­log­i­cal model to as­sist in tar­get gen­er­a­tion and re­source eval­u­a­tion.”

Damoti Lake gold de­posit

The Damoti Lake de­posit lies 28 kilo­me­tres south of the Colo­mac gold project.

A small his­tor­i­cal high­grade, near-sur­face de­posit was pre­vi­ously de­fined show­ing ex­cel­lent ex­pan­sion po­ten­tial (see press re­lease dated Nov. 17, 2005, for Ana­conda Gold Corp.). In 2005, Ana­conda com­mis­sioned an in­de­pen­dent, Na­tional In­stru­ment 43-101-com­pli­ant re­source es­ti­mate on the de---

posit. Two pre-NI 43-101 re­source es­ti­mates are ref­er­enced in the 2005 tech­ni­cal re­port, sug­gest­ing the po­ten­tial for a larger low­er­grade de­posit (see press re­lease dated April 9, 2009).

Nighthawk in­tends to ex­pand on this po­ten­tial as it con­sid­ers Damoti an im­por­tant satel­lite de­posit that also has a ramp de­vel­oped into its core, which could pro­vide pos­si­ble high-grade feed for any fu­ture devel­op­ment op­por­tu­nity at the com­pany’s flag­ship as­set, Colo­mac.

We seek Safe Har­bor.

Karen Bax­ter con­densed this news re­lease ([email protected]­watch.com).

Michael James By­ron, Ernest Larry Eves, Brian Michael Howlett, Luc Les­sard, Brent James Peters, Mor­ris J Prychidny

(NHK) Shares: 193,605,996

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