Nighthawk Gold has started its 2015 drill program at its 100% owned Colomac Gold Deposit in the Northwest Territories.
Drilling will focus on extending the recently discovered high-grade gold mineralization at Zone 1.5 and testing Zone 1.0, which is believed to host mineralization similar to Zone 1.5, for the first time.
Nighthawk president and CEO, David Wiley said: "The significant results we encountered from Zone 1.5 during our 2014 drill program prove the northern portion of the Colomac sill merits further exploration. Those results clearly demonstrate the potential for significant resource growth at Colomac. Zones 1.5 and 1.0 along the Colomac sill have been historically underexplored and present attractive targets. We look forward to testing these areas and advancing our project."
Colomac Zones 1.0 and 1.5
C14-06 was the first hole Nighthawk drilled to test Zone 1.5 to depth given that historical holes solely focused on exploring to less than 100 metre vertical depth. C14-06 delivered a new discovery of high-grade gold representing the best intercepts ever reported for the entire Colomac project area.
An intercept of 7.78 g/t gold over a down hole length of 52.50 metres highlights the zone in which 16% of all samples collected contained visible gold. The current drill program will help delineate the dimensions and expansion opportunities of this new discovery.
Such high-grade results clearly demonstrate the potential for significant resource growth at Colomac. Zone 1.0 lies 2 kilometres north of Zone 1.5 within a largely underexplored section of the sill.
Nighthawk will commence drilling for the first time in this area following up on some historical shallow intercepts that may be indicative of a burgeoning high-grade zone similar to Zone 1.5. Discovery of these high-grade gold shoots are a primary focus for the company as they will add significant upside to any mineable resource.