The Colomac Gold Project is flagship asset in the Northwest Territories, Canada. The Colomac Gold Project represents 5 gold deposits in the Colomac Centre (Colomac Main, Grizzly Bear) and the higher-grade Satellite deposits (Kim and Cass, Damoti and Treasure Island) that are within trucking distance of the Colomac Centre. Gold was initially discovered at the Colomac Property in 1945. During the 1990s, more than 500,000 ounces of gold were produced from the Old Colomac Gold Mine but operations failed to continue due to low gold prices (US$300-400 per ounce). In 2012, Nighthawk Gold took control of the Old Colomac Gold Mine and surrounding mineral licenses and has significantly advance the assets since then.