Nighthawk Reports 52.00 Metres of 5.10 g/t Gold and 24.00 Metres of 9.32 g/t Gold from Additional Historic Drilling at Cass
24 Avril 2014 - 1:00PM
Marketwired
Nighthawk Reports 52.00 Metres of 5.10 g/t Gold and 24.00 Metres of
9.32 g/t Gold from Additional Historic Drilling at Cass
TORONTO, ONTARIO--(Marketwired - Apr 24, 2014) - Nighthawk Gold
Corp. ("Nighthawk") (TSX-VENTURE:NHK)reports additional assay
results from 15 historic holes drilled in 1995 on its Cass gold
deposit located on Nighthawk's Indin Lake Gold Property in the
Northwest Territories ("NWT"). Two previous news releases (March
26, 2014 and April 10, 2014) provided highlights from 1986 and 1987
Cass drilling.
HIGHLIGHTS:
- Hole C95-06 intersected 52.00 metres of 5.10 grams per tonne
("g/t") gold, including 17.00 metres of 11.37 g/t gold;
- Hole C95-13 intersected 24.00 metres of 9.32 g/t gold including
11.00 metres of 17.30 g/t gold;
- Hole C95-05 intersected 48.00 metres of 4.15 g/t, including
22.00 metres of 5.68 g/t gold and including 10.00 metres of 7.72
g/t gold; and
- Hole C95-09 intersected 23.00 metres of 7.43 g/t gold including
15.00 metres of 9.48 g/t gold.
Historic Drilling and
Results
Royal Oak Mines Inc. ("Royal Oak") drilled the 1995 holes
(Figure 1) to confirm the location and grade of the resource
defined by the 1986 and 1987 drilling and to better delineate the
core of the deposit. The company planned to develop an open pit and
process the ore at the Colomac Mill located 20 kilometres by road
to the northeast. However, Royal Oak closed its Colomac operation
before production was achieved from the Cass deposit. Results from
the 1995 drill program further established the deposit's continuity
and exploration opportunities to depth and along strike.
Select intersections from 1995 drilling (15 inclined holes) are
presented for the Cass deposit (Table 1) to demonstrate the
deposit's continuity of mineralization over extensive core lengths
(Figures 2 and 3). These results are historic in nature and
Nighthawk has not independently verified the results.
Table 1. Highlighted Historic 1995 Drill Results from
Cass |
Hole ID |
From |
To |
Core Length* |
Grade |
|
(m) |
(m) |
(m) |
g/t Au |
C95-01 |
65.00 |
80.00 |
15.00 |
4.26 |
|
including |
72.00 |
77.00 |
5.00 |
7.56 |
C95-03 |
181.00 |
203.00 |
22.00 |
2.76 |
|
including |
181.00 |
195.00 |
14.00 |
3.49 |
C95-04 |
1.00 |
9.00 |
8.00 |
2.58 |
C95-05 |
122.00 |
170.00 |
48.00 |
4.15 |
|
including |
122.00 |
144.00 |
22.00 |
5.68 |
|
including |
132.00 |
142.00 |
10.00 |
7.72 |
|
including |
157.00 |
166.00 |
9.00 |
5.71 |
C95-06 |
153.00 |
205.00 |
52.00 |
5.10 |
|
including |
160.00 |
177.00 |
17.00 |
11.37 |
|
including |
199.00 |
204.00 |
5.00 |
8.41 |
C95-08 |
49.00 |
56.00 |
7.00 |
3.83 |
C95-09 |
82.00 |
105.00 |
23.00 |
7.43 |
|
including |
90.00 |
105.00 |
15.00 |
9.48 |
C95-10 |
85.00 |
102.00 |
17.00 |
3.42 |
C95-11 |
71.00 |
86.00 |
15.00 |
3.24 |
|
including |
91.00 |
97.00 |
6.00 |
6.07 |
C95-12 |
150.00 |
159.00 |
9.00 |
3.57 |
C95-13 |
55.00 |
79.00 |
24.00 |
9.32 |
|
including |
63.00 |
74.00 |
11.00 |
17.30 |
|
97.00 |
107.00 |
10.00 |
6.74 |
C95-15 |
82.13 |
94.00 |
11.87 |
3.49 |
|
107.00 |
131.00 |
24.00 |
3.95 |
|
including |
115.00 |
127.00 |
12.00 |
6.35 |
C95-17 |
121.00 |
138.00 |
17.00 |
5.09 |
C95-18 |
163.00 |
169.00 |
6.00 |
3.49 |
C95-19 |
212.00 |
254.00 |
42.00 |
2.63 |
|
including |
212.00 |
222.00 |
10.00 |
3.82 |
|
including |
248.00 |
254.00 |
6.00 |
6.84 |
* Lengths are reported as core
lengths. True widths are unknown at this time.
Cass Gold
Deposit
The Cass deposit represents a higher grade open pit mining
opportunity complimentary to Nighthawk's Colomac Gold Property,
which contains an Inferred Mineral Resource estimate of 39.815
million tonnes with an average grade of 1.64 g/t gold for 2.101
million ounces gold using a cut-off grade of 0.6 g/t gold (June 17,
2013 news release). The Cass and Kim gold deposits, which are
connected by road to Colomac, provide considerable exploration
upside and unrealized potential to significantly grow Nighthawk's
resource base.
The Cass style of mineralization points to the largely untested
potential for discovery of significant gold mineralization in other
gabbroic bodies such as those hosting the underexplored, nearby
Raspberry and Albatross gold occurrences. In addition, similar
showings have been located throughout the Indin Lake Gold Belt and
represent priority exploration targets to be assessed in the
upcoming 2014 field program.
To view the figures associated with this release, please visit
the following link:
http://media3.marketwire.com/docs/941403figures.pdf.
Nighthawk Gold
Corp.
Nighthawk is a Canadian-based exploration company focused on
acquiring and developing gold mineral properties in the Northwest
Territories. Its primary land position covers 229,791 acres or 930
square kilometres in the Indin Lake Gold Camp and includes an
Inferred Mineral Resource estimate of 39.815 million tonnes with an
average grade of 1.64 g/t gold for 2.101 million ounces gold using
a cut-off grade of 0.6 g/t gold.
The technical aspects of this press release have been reviewed
by Michael Byron, Ph.D., P.Geo., Chief Geologist and Director for
Nighthawk, who is the "Qualified Person" as defined by NI 43-101
for this project.
Forward-Looking
Statements
Certain information set forth in this news release may contain
forward-looking statements that involve substantial known and
unknown risks and uncertainties, including, but not limited to, the
timing of future drilling, the expansion of the mineralization, and
the remediation of historic reclamation sites. These
forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of
Nighthawk, including, but not limited to, the impact of general
economic conditions, industry conditions, volatility of commodity
prices, risks associated with the uncertainty of exploration
results and estimates, currency fluctuations, dependency upon
regulatory approvals, the uncertainty of obtaining additional
financing and exploration risk. Readers are cautioned that the
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements. This press release is not, and is not
to be construed in any way as, an offer to buy or sell securities
in the United States.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Nighthawk Gold Corp.David WileyPresident and CEO(647)
260-1247(416) 363-4567dwiley@nighthawkgold.com
Nighthawk Gold Corp. (TSXV:NHK)
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