Podcast #69 Nighthawk Gold Corp

With the gold mining industry still depressed, investors are now highly focused and extremely selective with the companies in which they are placing their hard-earned dollars. They want to see either:

1. Above-average grades; or
2. Very robust intercepts

The Colomac Gold Project of Nighthawk Gold Corp. (TSX: NHK, OTCQB: MIMZF, Forum) clearly passes the test in terms of robust intercepts and it can also boast some high-grade numbers. The Stockhouse audience has already been introduced to this Company in a full-length feature article from November 27, 2018.

The next day, Nighthawk reported new drilling results that included its broadest intercepts to date. Hole C17-28 reported “several extensive regions of continuous mineralization”:

• 00 meters (85m true width) of 2.47 g/t Au, including 34.70 meters of 4.27 g/t and 9.65 meters of 6.90 g/t; plus
• 05 meters (100.00m true width) of 1.13 g/t Au, including 7.70 meters of 4.82 g/t; plus
• 25 meters (20m true width) of 1.15 g/t Au, including 3.75 meters of 6.94 g/t

These results extended this zone of mineralization where it remains open along strike and to depth. Previous drilling has also yielded very robust intercepts of high-grade gold, including:

• 50 meters of 7.78 g/t Au
• 07 meters of 7.72 g/t Au
• 65 meters of 5.58 g/t Au

Altogether, 26,168 meters of drilling were completed in 2017. A minimum of 25,000 meters of drilling is planned for this year. The Company is fully funded for the next 18-24 months, anchored by strategic investors like Kinross Gold and Osisko Royalties.

All of this activity has led to a new resource estimate for the Colomac Project. Stockhouse recently tracked down NHK’s busy CEO, Michael Byron, to dig deeper into this new resource estimate as well as getting a more general update on Colomac.

 

FULL DISCLOSURE: Nighthawk Gold Corp is a paid client of Stockhouse Publishing.