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nighthawk gold corp (NHK) Snapshot

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58.0M
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nighthawk gold corp (NHK) Details

Nighthawk Gold Corp. identifies, acquires, explores, and evaluates gold properties. It has interests in the Indin Lake Gold project that covers an area of 222,203 acres and is located to the north of Yellowknife, the Northwest Territories. The company was formerly known as Merc International Minerals Inc. and changed its name to Nighthawk Gold Corp. in April 2012. Nighthawk Gold Corp. was incorporated in 2004 and is based in Toronto, Canada.

Founded in 2004

nighthawk gold corp (NHK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$180.0K
Chief Financial Officer
Total Annual Compensation: C$80.0K
Chief Geologist and Director
Total Annual Compensation: C$135.0K
Compensation as of Fiscal Year 2013.

nighthawk gold corp (NHK) Key Developments

Nighthawk Gold Corp. Reports the First Drill Results from Fourteen Holes 2014 Drill Program on its Indin Lake Gold Property

Nighthawk Gold Corp. reported the first drill results from fourteen holes completed as part of the 2014 drill program on its Indin Lake Gold Property in the Northwest Territories. The ongoing 14,000 meter drill program, designed to extend the previously reported mineral resource estimate to depth at the Goldcrest and Colomac Main gold deposits, has confirmed significant opportunities for expansion. Highlights include two Goldcrest holes, which substantiate a north plunging mineralized shoot; hole G14-05 intersected 20.25 meters of 4.83 grams per tone gold, including 5.25 meters of 10.21 g/t gold and hole G14-04 intersected 19.60 meters of 4.19 g/t gold, including 7.90 meters of 7.85 g/t gold. At the Colomac Main deposit, hole C14-02 intersected 25.00 meters grading 2.38 g/t gold, including 8.75 meters of 4.98 g/t gold, effectively tracing Zone 2.0 mineralization down plunge of previously drilled higher grade shoots. Goldcrest: new higher grade gold shoot discovered; hole G14-04 intersected 19.60 meters of 4.19 g/t gold, including 7.90 meters of 7.85 g/t gold; hole G14-05 intersected 20.25 meters of 4.83 g/t gold, including 5.25 meters of 10.21 g/t gold; and hole G14-05B intersected 19.75 meters of 2.25 g/t gold, including 6.00 meters of 6.34 g/t gold. Colomac Main: drilling expands Zone 2.0 down plunge of previously drilled higher grade shoots; hole C14-01B intersected 26.25 meters of 1.74 g/t gold, including 6.00 meters of 3.09 g/t gold; hole C14-02, drilled over 650 meters south of C14-01B, intersected 25.00 meters of 2.38 g/t gold, including 8.75 meters of 4.98 g/t gold; and hole C14-02B intersected 42.75 meters of 1.34 g/t gold, including 11.25 meters of 2.01 g/t gold. Goldcrest is a 2.5 kilometer mineralized mafic sill similar to the Colomac intrusion located 400 meters to the east. As a primary candidate for resource expansion, Goldcrest hosts the high average grade in the current resource estimate at 2.19 g/t gold; historic drilling was limited to a depth of 100 meters. Nighthawk's recent drilling has produced the first documentation of a higher grade shoot at Goldcrest. Holes G14-04 and G14-05 intersected a higher grade gold shoot at depth that exhibits the same steep northerly plunge as the recently defined higher grade zones at Colomac Main. Hole G14-04 intersected 19.60 meters at a grade of 4.19 g/t gold, including 7.90 meters of 7.85 g/t gold. At a similar depth, hole G14-05 intersected 20.25 meters of 4.83 g/t gold, including 5.21 meters of 10.21 g/t gold. Goldcrest exploration holes G14-01 to G14-03 were collared to probe the projected southern extension of the mineralized zone. All holes returned anomalous gold values, thus confirming that the mineralization remains open to the south and highlights a new area of the sill for future exploration activities. Preliminary geochemical analyses suggests that Goldcrest is a differentiated igneous intrusion, presumably co-magmatic with and identical to the Colomac sill. Both sills intruded the host mafic volcanic sequence and were subsequently folded with tops facing east. Better gold mineralization is preferentially localized within the more silica-rich upper portions of the sills. Because of the limited historical drilling at Goldcrest in comparison with Colomac Main, substantial opportunities for resource expansion exist. Given the success of this first drill program, Nighthawk remains focused on pursuing additional opportunities at Goldcrest as higher grade mineralization remains open to depth and along strike. Drilling of Colomac Main Zone 2.0 was designed to expand previously defined higher grade gold shoots and to infill areas within the existing resource. Hole C14-01B extended the northerly plunging shoot beneath the north end of the historical open pit (Pit 2.0). Holes C14-02 and C14-02B were drilled 650 meters south of C14-01B exploring the downward extension of the previously reported resource below the south end of Pit 2.0. This represents Nighthawk's first drilling within this part of the sill with hole C14-02 intersecting 25.00 meters of 2.38 g/t gold, including 8.75 meters of 4.98 g/t gold, and hole C14-02B intersecting 42.75 meters of 1.34 g/t gold, including 11.25 meters of 2.01 g/t gold. These are promising results, given the average grade of the existing resource is 1.64 g/t gold, and they confirm the continuation of mineralization down plunge within Zone 2.0, further demonstrating the enormous potential for significant resource growth at Colomac Main. Exploration will continue south of C14-02 for two additional drill sections at 125 meter intervals. The current phase of activities will end at the northern Zone 1.5 with two holes collared 200 meters north of C14-01B within an area that has yet to be drilled by Nighthawk.

Nighthawk Gold Corp. Reports 20.35 Meters of 7.94 g/t Gold and 17.75 Meters of 8.16 g/t Gold from Historic Drilling at Kim Gold Deposit

Nighthawk Gold Corp. reported assay results from historic drilling on its Kim gold deposit located within Nighthawk's Northwest Territories ("NWT") Indin Lake Gold Property and exercises its option to acquire 15 contiguous mining leases and 3 mining claims within its existing land package. Hole MZ85-24 intersected 20.35 metres of 7.94 grams per tonne ("g/t") gold, including 5.25 metres of 12.23 g/t gold; Hole MZ84-02 intersected 17.75 metres of 8.16 g/t gold; Hole MZ85-66 intersected 28.60 metres of 4.78 g/t gold, including 5.75 metres of 9.53 g/t gold and 9.00 metres of 7.99 g/t gold; Hole MZ84-01 intersected 11.20 metres of 8.37 g/t gold, including 3.70 metres of 16.32 g/t gold; Hole MZ85-68 intersected 25.30 metres of 2.88 g/t gold, including 10.60 metres of 5.30 g/t gold; Hole MZ84-04 intersected 23.85 metres of 3.35 g/t gold, including 4.20 metres of 11.60 g/t gold; and exercises option to acquire 100% ownership 15 mining leases and 3 mining claims within existing land package, which include the North Inca, Diversified, #3 and Lexindin deposits.

Nighthawk Gold Corp. Commences 2014 Drill Program at Indin Lake Gold Property

Nighthawk Gold Corp. announced its 2014 drill program at its Indin Lake Gold Property in the Northwest Territories. Highlights: 14,000 metre drill program is underway on the Colomac Main, Goldcrest, Cass and Kim gold deposits; represents Nighthawk's first drilling at Goldcrest, Cass and Kim; two drill rigs are scheduled to complete 8,000 metres of resource expansion drilling at the Goldcrest (6,000 metres) and Colomac Main gold deposits (2,000 metres); goldcrest drilling will focus on verifying and expanding on previous shallow, higher grade gold intersections that are open to depth; colomac Main drilling will aim to expand Zones 2.0 and 2.5 down plunge of previously drilled higher grade shoots; and third rig will drill the Cass (4,000 metres) and Kim (2,000 metres) gold deposits (20 kilometres southwest of Colomac) to confirm historic high-grade intersections at Cass and to extend mineralization to depth and laterally. Goldcrest represents a 2.7+ kilometre mineralized mafic sill similar to the Colomac intrusion located 400 metres to the east. Goldcrest is a primary candidate for resource expansion and hosts the highest average grade in the current resource estimate at 2.19 grams per tonne (g/t) gold; historic drilling was limited to a depth of 100 metres. A 6,000 metre drill program is planned to fully evaluate this opportunity as historic drilling shows both improving grade and development of significant mineralized widths with depth. A 2,000 metre drill program on Zones 2.0 and 2.5 is intended to confirm the plunge of the higher grade gold shoots. The Cass deposit is connected by road to Colomac (located 20 kilometres to the northeast). Mineralization is characterized by stockwork quartz-carbonate veins with minor pyrrhotite and lesser pyrite and arsenopyrite within a northeast trending, moderate to strongly foliated gabbroic intrusion. Approximately 13,500 metres of historic drilling traced the mineralization over a strike length of 360 metres and to a depth of 210 metres. The deposit remains open in all directions. A 4,000 metre drill program will aim to trace and expand on the historically reported high-grade intersections to depth and along strike. Detailed mapping and sampling of trenches along possible lateral extensions of the deposit will also be carried out to help generate additional drill targets. The Kim deposit (located approximately 15 kilometres by road to the southwest of Colomac) lies within a sequence of northerly striking, steeply dipping, mafic to intermediate volcanic rocks. Mineralization is reportedly hosted by intercalated, massive and pillowed mafic volcanic units that have been traced over a strike length of 650 metres and to depths of up to 150 metres. A 2,000 metre drill program is planned to confirm and extend the shallow mineralization to depth and along strike. Over 18,000 metres of historic Kim drill core is stored on site. Results from select historic holes will be released as they are finalized.

 

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