Mineral Resource Estimate - June 13, 2018
Follow this link for the PDF version of the NI 43-101 Technical Report
|COLOMAC MAIN SILL||48,580||1.64||2,554|
|Goldcrest Main (formerly Goldcrest South)||2,636||1.60||136|
|GRIZZLY BEAR (no change)||807||1.04||27|
|24 (no change)||528||1.21||20|
|27 (no change)||390||0.96||12|
|COLOMAC GOLD PROJECT TOTAL RESOURCES||50,305||1.62||2,613|
Cautionary Note Regarding Estimates of Resources
Readers are cautioned that mineral resources are not economic mineral reserves and that the economic viability of resources that are not mineral reserves has not been demonstrated. The estimate of mineral resources may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant issues. The mineral resource estimate is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum’s “2014 CIM Definition Standards on Mineral Resources and Mineral Reserves” incorporated by reference into NI 43-101. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for Preliminary Economic Assessment as defined under NI 43-101. Readers are cautioned not to assume that further work on the stated resources will lead to mineral reserves that can be mined economically.
An Inferred Mineral Resource as defined by the CIM Standing Committee is “that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.”
Technical information related to the mineral resource estimate contained on this website has been reviewed and approved by Leon McGarry, B.Sc., a Senior Resource Geologist with CSA Global, who is an independent Qualified Person as defined by NI 43-101, with the ability and authority to verify the authenticity and validity of this data. The technical report supporting the mineral resource estimate will be filed on SEDAR within 45 days.
Dr. Michael J. Byron, Ph.D., P.Geo., President & Chief Executive Officer of Nighthawk, who is the "Qualified Person" as defined by NI 43-101 for this project, has reviewed and approved of the technical disclosure contained on the Company website.