Nighthawk Drilling continues to intersect broad zones of mineralization with higher-grade centres

Nighthawk Drilling continues to intersect broad zones of mineralization with higher-grade centres; Returning 25.25 metres of 3.42 gpt Au (uncut), including 12.75 metres of 5.05 gpt Au, and 7.25 metres of 7.10 gpt Au at Colomac

TSX: NHK

TORONTO, Nov. 19, 2018 /CNW/ – Nighthawk Gold Corp. (“Nighthawk” or the “Company“) (TSX: NHK; OTCQX: MIMZF) is pleased to report drill results from nineteen holes (4,752 metres) at its 100% owned Colomac Gold Project (“Colomac“), in the Northwest Territories. A total of 15,952 metres of drilling was completed at Colomac including drilling results from Grizzly Bear, and Zones 3.0 and 1.5 which were previously released. Additional drilling from the Company’s regional targets within its Indin Lake Gold Property is still pending and will be released as assays become available.

Drilling targeted near-surface areas within the Colomac sill considered prospective for hosting high-grade mineralization extending below the current resource at Zones 2.0, 2.5, and 3.0, all of which have had limited drilling to depth. Drilling also aimed to infill gaps in drill coverage between shallow historical holes and deeper holes drilled by the Company in 2012.

All holes intersected broad relatively uniform mineralization (Table 1), highlighted by four shallow holes collared at the north end of Zone 2.5 (C18-25 and C18-27 series holes) that traced near-surface higher-grade mineralization to depth (Figure 1), indicating the presence of a new steeply plunging mineralized shoot similar to high-grade Zone 1.5 (see press release dated September 18, 2018). These drill results have further strengthened the opportunities for resource expansion between high-grade Zone 3.5 and Zone 2.0, a relatively unexplored 1.5-kilometre-long southern section of the sill, and confirmed the exploration opportunities to depth.

HIGHLIGHTS OF DRILLING:

Zone 3.0|

• C18-19B:  20.10 metres of 2.98 grams per tonne gold (“gpt” “Au”), including 13.25 metres of 4.30 gpt Au, and 5.00 metres of 9.54 gpt Au

Zone 2.5|

• C18-25B:  51.00 metres of 1.68 gpt Au, including 8.25 metres of 3.17 gpt Au, and 1.75 metres of 9.81 gpt Au
• C18-27:  26.00 metres of 2.04 gpt Au, including 11.40 metres of 3.00 gpt Au, and 3.25 metres of 6.61 gpt Au
• C18-27B:  53.00 metres of 1.48 gpt Au, including 20.75 metres of 2.59 gpt Au, and 1.50 metres of 12.03 gpt Au

Zone 2.0|

• C18-26:  25.25 metres of 3.42 gpt Au, including 12.75 metres of 5.05 gpt Au, and 7.25 metres of 7.10 gpt Au
• C18-26B:  39.50 metres of 1.54 gpt Au, including 10.50 metres of 3.07 gpt Au, and 2.50 metres of 6.76 gpt Au
• C18-22:  15.60 metres of 2.48 gpt Au, including 9.00 metres of 4.00 gpt Au, and 3.75 metres of 8.34 gpt Au
• New higher-grade shallow intercepts indicate the potential for additional steeply plunging gold zones developing to depth
• Discovery of laterally extensive shallow high-grade mineralization open to depth
• Drilling has confirmed the continuity of mineralization within large near-surface gaps in drill coverage and has extended zones to depth below the current resource
• These new discoveries support the prospects for finding additional areas hosting higher-grade mineralized shoots within the Colomac Main and Goldcrest sills

Note: All assays are uncut (see Table 1)

Dr. Michael Byron, President and CEO commented, “With today’s results, we have now reported all holes drilled at Colomac in our 2018 program. We are incredibly encouraged by the consistent breadth of mineralization continuously intersected throughout all areas of the Colomac sill. We are particularly excited about results from the C18-19, C18-25, C18-26, and C18-27 series holes, which have discovered new areas of high-grade near-surface mineralization. Additional drilling is required to better establish these as higher-grade mineralized shoots similar to Zone 1.5, but the early indications are extremely positive. Current drilling has increased our confidence of discovering other higher-grade zones in addition to those identified to-date, all of which will have a positive impact on the global resource grade going forward. An in-depth analysis of our 2018 results is in progress to help develop the targeting strategy for the 2019 exploration program.”

Summary of Exploration Results

Nighthawk’s previous drilling at Colomac focused mainly on the northern half of the sill, in particular Zone 2.0 and high-grade gold Zone 1.5. In 2018 the Company expanded its activities to test several other highly prospective targets including high-grade Zone 3.5 (see press release dated September 11, 2018), resulting in the delineation of mineralization to depth below the current resource. However, the 2.5-kilometre section of sill between Zones 2.0 and 3.5 had limited drilling below 100 metres. These recent holes probed some of the previously untested areas lying between shallow historical holes and some deeper holes that the Company drilled in its maiden 2012 program resulting in the discovery of several higher-grade areas believed related to steeply plunging gold mineralized envelopes to depth.

Table 1. Colomac Drill Results (uncut)