Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) has made a new greenfield discovery about 15 km southwest of the former Colomac gold mine about 220 km northwest of Yellowknife, in the Northwest Territories. Dubbed Albatross, the mineralization returned 2 metres grading 5.37 grams gold per tonne in a longer intersection of 14 metres at 1.37 grams gold per tonne in hole A21-02.
The discovery hole was one of 12 widely spaced holes drilled to test the Cass trend over a strike length of 4.6 km to the west of the Cass zone.
The company says the Albatross discovery, about 1 km west of the Cass zone, demonstrates potential near the Kim and Cass zones for additional resources.
Drilling also tested the Cass zone, extending it a further 250 metres to the west. Highlighted results included 20.5 metres grading 3.21 grams gold per tonne; 9 metres at 5.08 grams gold, 32 metres at 1.49 grams gold, including 10.5 metres at 3.37 grams gold; 23.8 metres at 1.47 grams gold; and 30 metres grading 1.09 grams gold, including 7 metres at 2.98 grams gold.
Drill core from Nighthawk Gold’s Colomac project. Credit: Nighthawk Gold.
Nighthawk is in the middle of an ambitious 2-year drilling campaign. The company drilled 72,325 metres this year, and next year it is planning 100,000 to 125,000 metres. Of particular interest is near-surface mineralization with the potential to increase in-pit resources. An updated resource estimate is due in the first quarter of 2022, and a preliminary economic assessment could be done in the second half of 2023.
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