Announcement Date: 2022-03-31
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Nighthawk Gold Corp.
Project name: Indin Lake
Location: Canada
Commodities: Gold
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario, March 8, 2022 – Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX: NHK; OTCQX: MIMZF) is pleased to report an updated Mineral Resource Estimate1 , on its 100%-owned, district-scale Indin Lake Gold Property (the “2022 MRE”), located 200 kilometres (“km”) north of Yellowknife, Northwest Territories, Canada. The 2022 MRE (refer to Table 1 for a summary) demonstrates a substantial expansion in pit-constrained (“OP”) mineralization compared to the estimates reported in 2021 (“2021 Estimate”)2 and the potential for a future large-scale, higher-grade, open-pit project in the district. 2022 Exploration Program: The Company plans to commence drilling in May and is currently mobilizing supplies and preparing the site for drilling. Drilling will prioritize the higher-grade targets including Kim & Cass, Damoti, and Treasure Island and will consider other grassroots opportunities. The 2022 MRE benefits from 39,065 metres (“m”) of drilling information from the 2021 and 2020 (drill data that was not included in the 2021 Estimate2 ) exploration programs. Mineral resource expansion drilling in 2021 was principally on-strike of the deposits, to increase drill density in areas where drill data was limited and to test the lateral extent of smaller deposits. The 2022 MRE is comprised of nine (9) deposits.
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