2012

2012

Nighthawk Reports 81.99 Metres of 1.81 g/t Gold Including 34.44 Metres of 3.35 g/t Gold and 52.12 Metres of 2.78 g/t Gold Including 6.10 Metres of 12.93 g/t Gold from Historical Drilling at Colomac

Toronto, Ontario, December 11, 2012 – Nighthawk Gold Corp. (“Nighthawk”) (TSX Venture Exchange: NHK) reports assay results from 7 historic drill holes on its 100% owned Colomac Gold Property (“Colomac Gold Project”) in the Northwest Territories (“NWT”). The results from these holes are now eligible to be included in an updated resource estimate.

 

Highlights:

 

 

In 1997, Royal Oak Mines Inc. (“Royal Oak”) drilled 21 holes (7,884 metres) in the Colomac sill testing Zone 3.5 mineralization to depth and laterally; however, these holes were not included in Nighthawk’s previously announced resource estimate. In August 2012, Nighthawk carried out the necessary re-logging and re-assaying of drill core to meet quality assurance and quality control requirements (“QA/QC”) on 20 holes from the 1997 drilling. The results have validated the historic assays and confirmed the zone’s high-grade nature and continuity to depth.

The core from hole 3.5-97-001 was not located and therefore not validated. However, historical intercepts for this hole, 40.23 metres of 8.98 g/t gold and 37.19 metres of 2.02 g/t gold, were obtained from previously unreleased Royal Oak drill sections and are presented to show the consistency of Zone 3.5 mineralization. 

The 7 holes in this release were drilled within the core of Zone 3.5 (see Figure 1) near Nighthawk’s subvertical hole (C12-15) that intersected 203.4 metres of 2.49 g/t gold including 25.75 metres of 7.78 g/t gold (October 10, 2012, news release). The remaining 13 validated holes were drilled to the north and south of this area, and the results will be released as they are finalized.

 

 

Zone 3.5 – Previously Unreleased 1997 Drill Results

Hole I.D.

From

(m)

To

(m)

Length

(m)

Grade

g/t Au

3.5-97-05

167.34

256.03

88.69

1.58

Including

190.80

201.78

10.98

5.13

Including

190.80

193.24

2.44

13.37

Including

190.80

191.41

0.61

47.52

Including

231.65

237.44

5.79

5.20

Including

231.65

232.56

0.91

21.29

Including

236.83

237.44

0.61

14.40

3.5-97-06

146.61

146.91

0.30

9.65

 

179.83

230.73

50.90

1.55

Including

183.79

225.86

42.07

1.77

Including

185.01

190.50

5.49

4.08

Including

195.99

202.69

6.70

2.56

Including

210.01

211.84

1.83

2.72

Including

224.64

225.86

1.22

9.31

 

244.14

252.68

8.54

1.43

 

261.82

266.70

4.88

1.21

3.5-97-09

293.22

345.34

52.12

2.78

Including

301.14

306.32

5.18

3.54

Including

312.42

314.86

2.44

5.92

Including

336.80

342.90

6.10

12.93

Including

341.68

342.90

1.22

55.88

3.5-97-10

418.80

481.58

62.78

1.39

Including

418.80

442.26

23.46

2.80

Including

418.80

426.42

7.62

6.54

Including

418.80

419.71

0.91

13.40

Including

423.98

426.42

2.44

14.26

Including

423.98

425.20

1.22

19.06

 

503.53

515.42

11.89

1.91

Including

503.53

508.41

4.88

3.50

Including

507.19

508.41

1.22

8.61

 

544.07

544.98

0.91

8.95

3.5-97-13

346.86

428.85

81.99

1.81

Including

352.96

387.40

34.44

3.35

Including

357.84

362.71

4.87

5.02

 Including

367.59

376.12

8.53

4.55

 Including

381.00

382.22

1.22

8.16

3.5-97-14

231.34

233.48

2.14

4.00

 

279.81

300.53

20.72

1.61

Including

287.12

290.78

3.66

4.90

 

324.92

346.25

21.33

1.09

Including

331.01

346.25

15.24

1.31

3.5-97-16

162.15

197.51

35.36

1.16

Including

174.35

197.51

23.16

1.34

 Including

193.85

197.51

3.66

3.94

 

225.86

226.77

0.91

4.35

 
 
 Figure 1. Drill Hole Location Map for Historic 1997 Drilling
(Click here for PDF)
 
 

Nighthawk has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. Historic 1997 drill core samples were transported in security-sealed bags for analyses at ALS Chemex Assay Laboratory in Vancouver, BC (“ALS Chemex”). ALS Chemex is an ISO 9001:2000 certified laboratory. Pulp and metallics assaying for gold was conducted on the entire pulverized sample.

As part of its QA/QC program, Nighthawk inserts external gold standards (low to high grade) and blanks every 20 samples in addition to the standards, blanks and pulp duplicates inserted by ALS Chemex.

 

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.

 

For more information, please contact:

David Wiley

President and CEO

Daniel Boase

Investor Relations

Nighthawk Gold Corp. First Canadian Capital Corp.
(647) 260-1247 (416) 742-5600 ext 232
(416) 363-4567 (FAX) Email: [email protected]
Email: [email protected]  

 

 

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, 2012, 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.

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