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TORONTO, Jan. 7, 2020 /CNW/ – Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX: NHK; OTCQX: MIMZF) is admiring to address assignment after-effects from seven holes (2,676 metres) afresh completed aural high-grade Breadth 3.5 and the southern breadth of Breadth 3.0, allotment of the Colomac Gold Action (“Colomac”) centrally amid aural its Indin Lake Gold Property, Northwest Territories, Canada. Breadth 3.5 is amid aural the southern allocation of the Colomac Main axle (Figure 1) and represents one of the better-defined higher-grade areas. Accepted conduct focused on amplification and infill conduct in areas aural Breadth 3.5’s down-plunge addendum to the arctic and testing the underexplored southern arena of Breadth 3.0 amid anon arctic of Breadth 3.5. After-effects to-date accept accepted that the mineralized axle shows a audible accession to abyss at Breadth 3.5, and that a agnate amplification of the deposit’s host bedrock (the mineralized top of the sill) to abyss may abide for upwards of 3.5 kilometres of bang to the north.

Dr. Michael Byron, President and Chief Executive Officer said, “Previous conduct accepted that the able-bodied mineralized stratigraphic top of the axle (which faces east) at Breadth 1.5 and the arctic allotment of Breadth 2.0 resembles a block anatomy that widens decidedly to depth. Recent conduct has now accepted that the top of the axle additionally appears to augment exponentially to abyss at Breadth 3.5.

“Additional conduct over the 3.5 kilometres of axle that separates these two areas is accepted to abide to affirm a accepted accession of the mineralized allocation of the beforehand to depth. Should this authority true, Colomac may become a abundant beyond gold drop and a stronger anticipation for adeptness development with accelerated beforehand potential, as some areas accept already apparent expansions at abyss to upwards of 3 times its near-surface authentic width.”

Drilling Highlights:



Zone 3.5

Zone 3.0

Note: All assays are uncut (see Table 1)

Table 1. Colomac Assignment After-effects – Summary Table (uncut)

Please chase this link to admission the FULL ASSAY TABLE on the Company’s website at https://www.nighthawkgold.com/news

Hole ID

Zone

Collar Orientations

(degrees)

Intersection  

(Metres)

Core

Length

True

Width

Gold

Grade

Azimuth

Dip

From

To

(Metres)*

(Metres)

gpt

C19-26

3.5

103

-65

254.00

314.45

60.45

0.85

including

264.50

314.45

49.95

25.00

0.93

including

264.50

272.00

7.50

1.75

including

267.50

271.25

3.75

2.37

including

303.50

310.70

7.20

2.10

including

305.50

309.95

4.45

2.80

including

306.00

309.95

3.95

2.94

C19-27

3.5

103

-65

245.00

251.50

6.50

0.99

275.50

276.00

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0.50

10.95

309.25

380.75

71.50

36.00

1.33

313.50

374.25

60.75

1.49

including

313.50

323.50

10.00

2.06

including

313.50

317.25

3.75

4.59

including

332.75

373.75

41.00

20.00

1.64

including

349.50

374.25

24.75

12.00

1.97

including

356.75

374.25

17.50

2.26

including

369.75

374.25

4.50

4.50

including

372.00

374.25

2.25

6.53

C19-29

413.75

415.75

2.00

5.03

432.50

435.50

3.00

2.76

including

434.00

435.50

1.50

3.55

C19-50

243.75

348.75

105.00

45.00

1.35

including

243.75

326.25

82.50

1.52

including

243.75

288.75

45.00

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20.00

2.00

including

247.50

282.00

34.50

2.38

including

250.50

255.00

4.50

2.98

including

267.75

280.50

12.75

3.23

including

267.75

270.75

3.00

4.66

including

274.00

280.50

6.50

3.75

including

298.25

303.75

5.50

2.35

including

298.25

300.75

2.50

3.79

C19-34

3.0

270

-55

137.75

162.25

24.50

15.00

0.66

including

149.75

161.50

11.75

0.88

including

149.75

156.50

6.75

1.15

including

149.75

153.50

3.75

1.38

C19-34B

366.00

379.25

13.25

6.00

1.70

including

370.50

378.60

8.10

1.87

including

373.70

378.60

4.90

2.18

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387.50

392.00

4.50

2.82

including

390.50

392.00

1.50

5.61

C19-44

3.0

298

-50

132.30

162.95

30.65

20.00

1.81

including

134.30

137.35

3.05

2.00

including

141.50

162.95

21.45

2.08

including

146.00

162.95

16.95

2.33

including

151.00

156.85

5.85

3.64

including

155.25

156.85

1.60

7.10

including

158.35

161.15

2.80

2.57

* Lengths are appear as amount lengths. Authentic widths alter depending on assignment aperture dip.

 

Drill Summary

Zone 3.5

Nighthawk’s antecedent conduct at Breadth 3.5 targeted mineralization to abyss and forth bang of the absolute conduct that had aboriginal articular the zone’s higher-grade attributes (see columnist releases anachronous August 30, 2012; September 19, 2012; October 10, 2012; September 11, 2018; and December 3, 2019). The assignment additionally accustomed a arctic amplification to the breadth (see columnist absolution anachronous August 20, 2012), and led to the assay of accession higher-grade breadth coast beneath Breadth 3.0 abreast the bound arena of Breadth 3.5.

Hole C19-26 was collared in the north-central arena of the breadth (Figure 1). It was accomplished on the aforementioned breadth as ahead accomplished holes C18-12 and C18-12B (see columnist releases anachronous September 11, 2018) to analyze a 100 accent mid-level gap in advantage amid the two holes (Figure 1) and intersected 49.95 metres of 0.93 gpt Au, including 7.50 metres of 1.75 gpt Au, and 3.95 metres of 2.94 gpt Au.

Hole C19-27 was accustomed 50 metres south of C19-26 to assignment beneath abounding mineralization ahead intersected in aperture C18-09 (see columnist absolution anachronous September 11, 2018). Due to  topographical restrictions the aperture was confused added east constant in a shallower ambush than planned, abiding 71.50 metres (36 accent authentic width) of 1.33 gpt Au, including 10.00 metres of 2.06 gpt Au, and including 3.75 metres of 4.59 gpt Au; and a lower ambush of 17.50 metres of 2.26 gpt Au, including 4.50 metres of 4.50 gpt Au (Figures 1, 3). Absolute conduct constrains the amplitude of the quartz diorite at bank base aloft the aperture C19-27 intercept, about C19-27 shows that the amplitude of the mineralized host has about angled to 65 metres at 350 metres vertical abyss (Figure 3).

Hole C19-29 was accomplished 40 metres arctic of C19-26 to analyze the breadth to abyss forth the arctic acme of Breadth 3.5 (Figure 1) and intersected attenuated patches of anemic to abstinent mineralization (Table 1). Added conduct in is bare in this area, breadth these two zones merge, in adjustment to bigger accept this underexplored arena of the sill.

Hole C19-50 was collared 15 metres arctic of C19-26 to assay the mineralized allocation of the axle added on breadth beneath ahead appear holes C18-12 and C18-12B (see columnist absolution anachronous September 11, 2018), and intersected 105.00 metres (45 accent authentic width) of 1.35 gpt Au, including 34.50 metres of 2.38 gpt Au, and including 12.75 metres of 3.23 gpt Au, extending mineralization an added 60 metres to abyss breadth it charcoal accessible (Figures 1, 2). Nighthawk’s aperture C18-09 accustomed an 80-metre mineralized authentic amplitude to the axle at a vertical abyss of 450 metres, while aperture C19-50, amid 60 metres to the northwest, intersected a 45-metre authentic amplitude at 270 metres vertical depth. C19-50 additionally acutely shows that at a abyss of 350 metres, the authentic amplitude of the mineralized allocation of the axle has added than angled up to 71 metres. This abiding admission in authentic array of the mineralized allocation of the axle to abyss is constant with what was empiric throughout conduct at Zones 1.5 and 2.0 and has led to the compassionate that the sill’s amplification to abyss takes on a “wedge shaped” configuration.

Zone 3.0

Hole C19-44 was collared 120 metres arctic of C19-29 aural the southern breadth of Breadth 3.0 to infill a 130-metre gap in conduct amid bank absolute holes and ahead accomplished Nighthawk holes C12-11 and C12-11B (see columnist absolution anachronous September 19, 2012) and intersected 30.65 metres of 1.81 gpt Au, including 16.95 metres of 2.33 gpt Au, and including 5.85 metres of 3.64 gpt Au at 125 metres abyss (Figures 1, 4). This bisect has accepted that mineralization on this breadth exists to 350 metres vertical abyss breadth it charcoal open. The southern allotment of Breadth 3.0 charcoal abundantly adopted to abyss and will be activated to a greater admeasurement in the accessible 2020 assignment program.

Holes C19-34 and C19-34B activated an adopted breadth aural axial Breadth 3.0, 220 metres arctic of C19-44 (Figure 1). Aperture C19-34 was accomplished beneath absolute bank holes to trace the bank mineralization to depth. It intersected 24.50 metres of 0.66 gpt Au at 125 metres vertical abyss but lacked centralized higher-grade intercepts (Table 1). The steeper hole, C19-34B, affiliated two ahead accomplished holes C12-12 and C12-12B that had recorded cogent intercepts over ample widths (see columnist absolution anachronous September 19, 2012). Brand appears to beforehand with abyss on this breadth as the aperture intersected 13.25 metres of 1.70 gpt Au, including 4.50 metres of 2.82 gpt Au at 370 metres beneath surface.

Drilling has accustomed Breadth 3.5 as a higher-grade area of able chain and amplification potential, whose mineralized allocation of the axle shows accelerating amplification to depth. This appropriate aligns with what is accepted for Zones 1.5 and 2.0 and opens up the audible achievability that the absolute mineralized axle has a agnate “wedge shaped” assay for upwards of 3.5 kilometres in bang and charcoal accessible laterally.

Technical Information

Nighthawk has implemented a quality-control affairs to accede with best practices in the sampling and assay of assignment core.  Assignment amount samples were transported in security-sealed accoutrements for analyses at ALS Global Assay Class in Vancouver, BC (“ALS Global”). ALS Global is an ISO/IEC 17025 accepted laboratory. Lurid and metallics assaying for gold was conducted on the absolute burst sample.

As allotment of its QA/QC program, Nighthawk inserts alien gold standards (low to high-grade) and blanks every 20 samples in accession to the standards, blanks, and lurid duplicates amid by ALS Global.

About Nighthawk

Nighthawk is a Canadian-based gold analysis aggregation with 100% buying of a district-scale acreage position aural the Indin Lake Greenstone Belt, amid about 200 km arctic of Yellowknife, Northwest Territories, Canada. Nighthawk is focused on advancing the Colomac Gold Action with a accepted accepted adeptness of 2.6 actor ounces of gold (50.3 actor tonnes at an boilerplate brand of 1.62 grams per tonne gold), as able-bodied as advancing its added bounded gold deposits and showings aural this abundantly underexplored Archean gold camp.

The Aggregation has an accomplished and committed aggregation and is able-bodied adjourned to complete its goals and objectives over the abutting 12 months.

Qualified Person

Dr. Michael J. Byron, Ph.D., P.Geo., President & Chief Executive Officer of Nighthawk, who is the “Qualified Person” as authentic by NI 43-101 for this project, has advised and accustomed of the abstruse acknowledgment independent in this account release. Please accredit to NI 43-101 abstruse address “Technical Address and mineral adeptness appraisal amend on the Colomac Property of the Indin Lake Project”, dated July 26, 2018, as filed beneath the company’s contour on www.sedar.com.

Neither the Toronto Stock Barter has neither advised nor accepts albatross for the capability or accurateness of this account release.

Forward-Looking Information

This account absolution contains “forward-looking information” aural the acceptation of applicative Canadian balance legislation. Advanced advice includes, but is not bound to, advice with account to the Company’s connected analysis programs (including admeasurement and budget) and the adeptness to beforehand targets and the timing and after-effects thereof; and the adeptness to aggrandize the accepted adeptness at Colomac with added drilling. Generally, advanced advice can be articular by the use of advanced analogue such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or accompaniment that assertive actions, contest or after-effects “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”.

Forward-looking advice is based on the opinions and estimates of administration at the date the advice is made, and is based on a cardinal of assumptions and is accountable to accepted and alien risks, uncertainties and added factors that may account the absolute results, akin of activity, achievement or achievements of Nighthawk to be materially altered from those bidding or adumbrated by such advanced information, including risks associated with the exploration, development and mining such as bread-and-butter factors as they aftereffect exploration, approaching article prices, changes in adopted barter and absorption rates, absolute after-effects of accepted analysis activities, government regulation, political or bread-and-butter developments, ecology risks, allowing timelines, basic expenditures, operating or abstruse difficulties in affiliation with development activities, agent relations, the abstract attributes of gold analysis and development, including the risks of abbreviating quantities of grades of reserves, contests over appellation to properties, and changes in action ambit as affairs abide to be aesthetic as able-bodied as those accident factors discussed in Nighthawk’s anniversary advice anatomy for the year concluded December 31, 2018, accessible on www.sedar.com.  Although Nighthawk has attempted to analyze important factors that could account absolute after-effects to alter materially from those independent in advanced information, there may be added factors that account after-effects not to be as anticipated, estimated or intended. There can be no affirmation that such advice will prove to be accurate, as absolute after-effects and approaching contest could alter materially from those advancing in such information. Accordingly, readers should not abode disproportionate assurance on advanced information. Nighthawk does not undertake to amend any advanced information, except in accordance with applicative balance laws.

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SOURCE Nighthawk Gold Corp.

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