Nighthawk Drills 6.55 Metres of 16.65 g/t Gold and 50.15 Metres of 1.87 g/t Gold, including 14.6 Metres of 5.03 g/t Gold at Col
19 Settembre 2012 - 1:00PM
PR Newswire (Canada)
TORONTO, Sept. 19, 2012 /CNW/ - Nighthawk Gold Corp. ("Nighthawk")
is pleased to report assay results from six recently completed
drill holes, all of which intersected gold mineralization, on its
100% owned Colomac Gold Property ("Colomac Gold Project") in the
Northwest Territories ("NWT"). Drilling targeted and
intersected the northward extension of Zone 3.5 (see August 20,
2012 release), and discovered a higher grade gold shoot plunging to
depth beneath Zone 3.0. Drill results have also verified the
broadening of Zone 3.5 to the north, which now appears to merge
with Zone 3.0. Nighthawk's repeated discovery and recognition of
the association between distinct higher grade plunging gold shoots
within more extensive and broadly mineralized zones opens up
widespread resource expansion opportunities at the Colomac Gold
Project. Highlights: -- Zone 3.0 (2.0 kilometres south of Zone 2.0)
o Hole C12-12 intersected 26.50 metres of 2.07 grams per tonne
("g/t") gold, including 20.25 metres of 2.66 g/t gold and 6.00
metres of 7.13 g/t gold; o Hole C12-12B intersected 6.55 metres of
16.65 grams per tonne gold, including 1.95 metres of 54.64 g/t
gold; o Above intersections represent Nighthawk's latest discovery
of a fourth higher grade plunging gold shoot; -- Zone 3.5 (2.5
kilometres south of Zone 2.0) o Hole C12-13 intersected 52.30
metres of 1.12 g/t gold, including 31.50 metres of 1.50 g/t gold
and 6.10 metres of 4.64 g/t gold; o Hole C12-13B intersected 50.15
metres of 1.87 g/t gold, including 22.75 metres of 3.43 g/t gold
and 10.20 metres of 6.25 g/t gold; -- Zones 3.5 and 3.0 may merge
forming a larger mineralized domain with internal, distinctly
separate, higher grade mineralized shoots; and -- Newly recognized
association of higher grade plunging shoots within more extensive
mineralized zones (Zones 2.0, 2.5, 3.0, and 3.5) opens up
significant resource growth opportunities along the sill's 7
kilometre strike length. Exploration Results The 2012 drilling
program ran from March 19 to August 21, with two drills completing
30 holes (11,235 metres). Although the current resource model
shows consistent gold mineralization along the sill's 7 kilometre
strike length, drilling was focused on a 2.5 kilometre section
between Zones 2.0 and 3.5. Sectional drilling tested depths up to
200 metres below the current resource. Assays from the initial
eight holes of the program, were released on June 20, 2012, and an
additional twelve holes were reported on August 20, 2012.
Results are pending for the remaining four holes. Within the
Colomac sill, drilling continues to confirm the presence of higher
grade gold shoots, all of which remain open to depth and
laterally. The four shoots discovered to date (beneath Zones
2.0, 2.5, 3.0, and 3.5) indicate the potential for similar
mineralized gold shoots along the intrusion's 7 kilometre strike
length. Nighthawk is currently compiling and reviewing all results
to date in preparation for a winter 2013 drill program. Table 1.
2012 Drill Results - Zones 3.0 and 3.5 Hole I.D. FROM TO LENGTH*
GRADE Gold (m) (m) (m) (g/t Au) Zones C12-11 206.90 207.45 0.55
8.48 3.0 220.25 248.50 28.25 0.84 including 227.90 230.15 2.25 3.72
including 228.40 229.40 1.00 7.50 including 244.75 247.00 2.25 2.65
287.02 287.75 0.73 11.25 C12-11B 271.60 280.75 9.15 0.74 3.0
including 275.95 278.55 2.60 1.93 296.25 299.25 3.00 0.79 337.55
338.35 0.80 11.35 C12-12 237.25 282.45 45.20 1.47 3.5 including
237.25 261.75 24.50 2.23 including 240.00 260.25 20.25 2.66
including 240.00 246.00 6.00 7.13 including 240.00 243.00 3.00
13.05 including 255.00 257.25 2.25 3.15 278.90 282.45 3.55 2.69
C12-12B 318.65 320.50 1.85 0.72 3.5 358.25 364.80 6.55 16.65
including 358.25 360.20 1.95 54.64 including 358.25 358.90 0.65
155.00 C12-13 195.10 247.40 52.30 1.12 3.5 including 202.75 234.25
31.50 1.50 including 202.75 208.85 6.10 4.64 including 202.75
204.35 1.60 13.81 including 203.50 204.35 0.85 24.20 including
245.10 246.40 1.30 2.63 C12-13B 227.10 277.25 50.15 1.87 3.5
including 254.50 277.25 22.75 3.43 including 254.50 269.10 14.60
5.03 including 258.75 268.95 10.20 6.25 including 264.10 264.90
0.80 28.30 * Lengths are reported as core lengths. True widths are
unknown at this time. Figure 1. 2012 Drill Hole Location Map To
View Figure 1 click here:
http://files.newswire.ca/1083/Fig1DrillHole.pdf Exploration Results
Nighthawk's summer 2012 prospecting program was completed on
September 11. Prospecting teams covered much of the company's Indin
Lake property concentrating on priority target areas. Results
are currently being evaluated. Nighthawk Gold Corp. Nighthawk is a
Canadian-based exploration company focused on acquiring and
developing gold mineral properties in the NWT. Its land
position covers 222,203 acres or 900 square kilometres in the Indin
Lake Gold Camp, located approximately 220 kilometres north of
Yellowknife, NWT. The technical aspects of this press release have
been reviewed by Michael Byron, Ph.D., P.Geol., Chief Geologist and
Director for Nighthawk, who is the "Qualified Person" as defined by
NI 43-101 for this project. Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release. Forward-Looking
Information This news release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, information with respect to future exploration targets
and better defining the current mineral resources at the Colomac
Gold Project. Generally, forward-looking information can be
identified by the use of forward-looking terminology 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 state that certain actions, events or results "may",
"could", "would", "might", or "will be taken", "occur", or "be
achieved". Forward-looking information is based on the opinions and
estimates of management at the date the information is made, and is
based on a number of assumptions and is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Nighthawk to be materially different from those expressed or
implied by such forward-looking information, including risks
associated with the exploration, development and mining such as
economic factors as they effect exploration, future commodity
prices, changes in foreign exchange and interest rates, actual
results of current exploration activities, government regulation,
political or economic developments, environmental risks, permitting
timelines, capital expenditures, operating or technical
difficulties in connection with development activities, employee
relations, the speculative nature of gold exploration and
development, including the risks of diminishing quantities of
grades of reserves, contests over title to properties, and changes
in project parameters as plans continue to be refined as well as
those risk factors discussed in Nighthawk's management discussion
and analysis for the year ended July 31, 2011, available on
www.sedar.com. Although Nighthawk has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue
reliance on forward-looking information. Nighthawk does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws. Nighthawk Gold Corp.
CONTACT: David Wiley, President and CEO Nighthawk Gold Corp. (647)
260-1247 (416) 363-4567 (FAX) Email: dwiley@nighthawkgold.comDaniel
Boase, Investor RelationsFirst Canadian Capital Corp.(416) 742-5600
ext 232Email: dboase@firstcanadiancapital.com
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