- Write by:
-
Thursday, February 20, 2020 - 4:33:36 PM
-
576 Visit
-
Print
Mining News Pro - Nighthawk Gold released results from recent drilling at the Goldcrest sill, part of its Indin Lake property in the Northwest Territories that also hosts its flagship Colomac Main project.
According to Mining News Pro - The company drilled seven holes totalling 2,190 metres to follow up on areas identified during its three previous drill campaigns and to target resource expansion opportunities in the Goldcrest South part of the property. The Goldcrest sill is located 400 metres east of the Colomac Main sill.
Highlights include: 68.5 metres (8 metres true width) of 2 g/t gold from 17.5 metres downhole depth, including 15.5 metres of 5.47 g/t gold and 4.3 metres of 16.98 g/t gold in hole C19-05.
Hole G19-01 returned intercepts including 13.55 metres of 0.89 g/t gold from 154.2 metres and 10 metres of 1.02 g/t gold from 312.5 metres.
“Goldcrest is very similar to Colomac Main except it has been drilled significantly less and has a shorter strike length of 2.5 kilometres compared to the 9-kilometre strike length of Colomac Main,” said Nighthawk president and CEO Michael Byron.
“We continue to encounter robust mineralization throughout the Colomac area sills, which reinforces our belief that with continued exploration, new discoveries and ongoing expansion of known zones will follow,” Byron said.
The Colomac project has an inferred resource of 50.3 million tonnes grading 1.62 g/t gold for 2.6 million oz.
At market close Wednesday, Nighhawk Gold’s stock was up over 11%. The day’s trading volume reached 260,267, over four times the daily average. The company has a C$108 million market capitalization.
Short Link:
https://www.miningnews.ir/En/News/490707
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the ...
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in ...
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
Gold fell, with market watchers saying the previous day’s rally in response to Federal Reserve Chair Jerome Powell’s ...
No comments have been posted yet ...