Nighthawk Gold has announced the latest exploration results on its 100% owned Indin Lake Gold Property in the Northwest Territories, Canada.
The fieldwork season ran from June to early September 2018 and included systematic bedrock mapping and sampling of several priority target areas. A total of 2,153 grab samples and channel samples were collected, resulting in the discovery of new high-grade gold showings, as well as the confirmation and expansion of historical occurrences.
The company also drilled the first ever holes at the Swamp Project (“Swamp”), a newly defined and laterally extensive gold system west of the Colomac Gold Project (“Colomac”). Three holes tested two new gold discoveries at surface and confirmed the extension of mineralization to depth.
Dr. Michael Byron, President & CEO commented, “We consolidated the Indin Lake gold camp, including all its historical gold mines, deposits, and showings, because we were convinced of its untapped capacity to deliver significant gold ounces. It has the same characteristics as does any productive high-profile Archean gold camp, with an abundance of high-grade showings and deposits with widespread mineralization in a range of styles that are largely hosted in brittle regimes. Each year our field exploration programs have been successful in expanding known showings and discovering new ones, a testament to the land’s potential and a validation of our thesis.”
“We have the resources to continue advancing several of our prominent Indin Lake area deposits and prospects in tandem with our ongoing exploration activities focused at growing the Colomac resource. In 2018, just over fifty-percent of drilling was directed at some of our more prospective regional targets including the four Leta Arm gold deposits, Treasure Island, Damoti Lake and Swamp. We look forward to our 2019 campaign, as we intend to build upon our previous successes and expand our geological mapping, prospecting, and drilling programs to continue to advance some of our other key prospects to drill ready status.”
Source: Company Press Release.