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Nighthawk Gold Announces Additional Drill Results at Treasure Island

Mining News - Published on Fri, 11 Oct 2019

Image Source: markets.businessinsider.com
Nighthawk Gold Corp announced additional drill results from its Treasure Island Gold Project located 11 kilometer north of the Company's flagship Colomac Gold Project within the northern portion of its 100% owned Indin Lake Gold Property, Northwest Territories, Canada. Results are reported for eight holes recently completed at Treasure Island. Drilling intersected broad zones of mineralization with internal higher-grade intervals, similar to previously reported intercepts and a positive sign for continued exploration success as Nighthawk looks to advance this target in the coming years. Assay results for the nine remaining holes completed at Treasure Island will be released once available.

Dr Michael Byron President and Chief Executive Officer said that "Treasure Island is one of several high-priority regional prospects that lie satellite to Colomac and given the underexplored status of the Indin Lake Gold Camp, we believe these prospects represent incredible opportunities for discovery and expansion. We consider regional prospects like Treasure Island that display excellent gold grades and mineralized widths as key components for strengthening any potential Colomac mining scenario. We recently concluded our 2019 drill program on our Indin Lake Gold Property, completing 110 holes for 40,834 metres and significantly exceeding last year's record of 32,500 metres, making it our most productive and efficient drill season to-date. We have now released results for 55 holes or 19,429 metres, leaving considerable news flow going forward. Over the past three years we have been fortunate to have the resources to aggressively expand our exploration activities and build on our regional gold camp strategy of discovering and evolving near-surface gold deposits within our emerging gold camp. Treasure Island is fundamental to this approach."

Treasure Island Drilling Highlights:
Hole T19-02 intersected an upper section of 6.50 metres of 10.08 grams per tonne ("gpt"), gold ("Au"), including 4.00 metres of 15.94 gpt Au, and a deeper intersect of 22.40 metres assaying 1.27 gpt Au, including 6.00 metres of 3.04 gpt Au.
T19-02B intersected 22.25 metres of 2.83 gpt Au, including 8.00 metres of 6.01 gpt Au.
T19-04 intersected 26.50 metres of 1.36 gpt Au, including 6.55 metres of 3.44 gpt Au.
Drilling to-date has traced the Main Zone continuously for over 400 metres along strike, from surface to upwards of 200 metres vertical depth where it remains open. Results are forthcoming on infill drilling between the Main Zone and the East Zone to determine if similar mineralization extends upwards of 700 metres in strike. The system remains open to the east and west.
Nineteen holes (5,816 metres) were drilled at Treasure Island in 2019 of which results for ten holes have now been reported. Assay results for the remaining nine holes will be released as they become available.
Treasure Island is just one of Nighthawk's underexplored yet highly coveted regional assets. Planning is currently underway on the Company's 2020 exploration campaign geared at addressing the immense discovery potential of its large, 100% controlled Indin Lake Gold Property.

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Posted By : Rabi Wangkhem on Fri, 11 Oct 2019
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