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nighthawk gold corp (NHK) Snapshot

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01/2/14 - C$0.65
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Market Cap
14.5M
Average Volume 10 Days
307.4K
EPS TTM
C$0.01
Shares Outstanding
58.0M
EX-Date
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P/E TM
25.0x
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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. Announces Results from Final Nine Holes of Recently Completed 2014 Drill Campaign on Indin Lake Gold Property in the Northwest Territories

Nighthawk Gold Corp. announced results from the final nine holes of its recently completed 2014 drill campaign on its Indin Lake Gold Property in the Northwest Territories. Four holes were drilled at Colomac as part of Nighthawk's ongoing resource expansion program resulting in the discovery of a new high-grade gold zone; hole C14-06 intersected 52.50 metres of 7.78 grams per tonne gold, including 21.00 metres of 16.73 g/t gold north of Zone 2.0. Multiple new wide areas of deeper gold mineralization were also encountered between Zones 2.0 and 2.5; hole C14-04 intersected 20.25 metres of 1.79 g/t gold, 23.25 metres of 1.66 g/t gold, and 42.25 meters of 1.28 g/t gold. The remaining five holes were drilled along strike northeast of the Cass gold deposit, and effectively extended the mineralized corridor an additional 700 metres. Drilling was designed to infill areas within the existing resource and to expand previously defined mineralization. Hole C14-04 explored the southern depth extension of the sill's upper portion; the same region that C14-02B, collared 300 meters to the north, successfully intersected. C14-04 represents the first drilling by Nighthawk in the area, targeting the boundary region between Zones 2.0 and 2.5. It was drilled steeply below the south end of Pit 2.0 to a depth of 492 metres, of which approximately 160 metres was mineralized. Hole C14-06, collared 1,100 metres north of C14-04, drilled Zone 1.5 to depth. Historical holes only tested this area to less than 100 metre vertical depth; C14-06 was the first hole to target the sill's eastern portion to depth, resulting in the discovery of a new high-grade zone that returned the best intercepts ever reported for the entire Colomac project area. An intercept of 7.78 g/t gold over a down hole length of 52.50 metres highlights the zone in which 16% of all samples collected from C14-06 contained visible gold. These better gold grades are located within the more sodic and silica-rich upper portion of the sill, confirming its primary exploration target status. Hole C14-05 was collared 100 metres north of C14-06 to test the same portion of the sill along the northern flank of Zone 1.5. Although the hole intersected impressive mineralization over a downhole length of 29.25 metres, it did not duplicate the scale of C14-06, perhaps an indication that it was located along the northern fringe and above the high-grade shoot. Additional drilling is required in order to delineate the dimensions and expansion opportunities of this new discovery.

Nighthawk Gold Corp. Announces Assay Results from Fifteen Recently Completed Drill Holes on its Indin Lake Gold Property in the Northwest Territories

Nighthawk Gold Corp. announced assay results from fifteen recently completed drill holes on its Indin Lake Gold Property in the Northwest Territories. A total of 13,647 metres were drilled in the 2014 program of which 3,549 metres are reported herein (including this release 11,617 total metres have been reported). Drilling at Goldcrest continued to intersect significant mineralization over large core lengths resulting in the extension of known gold zones; hole G14-09 intersected 40.00 metres of 2.52 grams per tonne (g/t) gold, including 5.20 metres of 7.82 g/t gold and 12.50 metres of 3.64 g/t gold, and hole G14-08B intersected 10.50 metres of 2.42 g/t gold, including 7.75 metres of 3.09 g/t gold. Goldcrest: Mineralization extended over 125 metres to the north of previously reported drilling. Hole G14-09 intersected 40.00 metres of 2.52 grams per tonne ("g/t") gold, including 12.50 metres of 3.64 g/t gold and 5.20 metres of 7.82 g/t gold; and Hole G14-08B intersected 10.50 metres of 2.42 g/t gold, including 7.75 metres of 3.09 g/t gold. Echo-Indin -- Nighthawk's first drilling at Echo-Indin successfully intersects near surface mineralization; Hole E14-02B, intersected 3.50 metres of 9.00 g/t gold, including 2.50 metres of 12.51 g/t gold; and Hole E14-03, intersected 7.00 metres of 2.77 g/t gold, including 3.00 metres of 3.92 g/t gold.

Nighthawk Gold Corp. Reports Drill Results of Fifteen Holes on Indin Lake Gold Property in the Northwest Territories

Nighthawk Gold Corp. report drill results from fifteen holes recently completed on its Indin Lake Gold Property in the Northwest Territories (NWT). This program was designed to grow the previously reported inferred resource estimate at the Goldcrest and Colomac Main gold deposits and to initiate drilling at the Cass gold deposit for the first time. The 2014 program concluded successfully with the drilling of 13,647 total metres and the identification of several new expansion opportunities. At Cass, multiple intersections document significant near surface mineralization and continuity of the mineralized zone to the west; hole CM14-02 intersected 51.00 metres of 2.25 grams per tonne (g/t) gold, including 9.00 metres of 4.72 g/t gold, hole CM14-04 intersected 4.40 metres of 38.90 g/t gold, and hole CM14-06B intersected 22.00 metres of 4.24 g/t gold. Cass: Mineralization extended over 100 metres to the west; Hole CM14-02 intersected 51.00 metres of 2.25 g/t gold, including 9.00 metres of 4.72 g/t gold; Hole CM14-04, intersected 4.40 metres of 38.90 g/t gold; Hole CM14-06, intersected 26.00 metres of 2.86 g/t gold, including 13.00 metres of 4.17 g/t gold and including 4.50 metres of 9.64 g/t gold, and 5.00 metres of 8.19 g/t gold; and Hole CM14-06B, intersected 36.20 metres of 2.89 g/t gold, including 22.00 metres of 4.24 g/t gold and including 5.00 metres of 7.90 g/t gold.

 

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