News Release

Nighthawk intersects 17.50 metres of 5.81 gpt gold (uncut), including 9.25 metres of 9.65 gpt gold, and 4.75 metres of 18.12 gpt gold at diversified deposit

Nighthawk Gold Corp. (CNW Group/Nighthawk Gold Corp.)

TORONTO, July 5, 2018 /CNW/ - Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX: NHK) (OTCQX: MIMZF) is pleased to announce drill results from the Leta Arm Project ("Leta Arm"). Twenty-two holes (5,169 metres) were recently completed at the Diversified deposit, as well as the Number 3, and Lexindin showings, highlighted by a new discovery at Diversified where hole DV18-08 intersected 17.50 metres of 5.81 grams per tonne ("gpt") gold ("Au"), including 9.25 metres of 9.65 gpt Au, and 4.75 metres of 18.12 gpt Au.

DRILLING HIGHLIGHTS:

  • Hole DV18-08 intersected 17.50 metres (14.00 metre true width) of 5.81 gpt Au, including 9.25 metres of 9.65 gpt Au, and 4.75 metres of 18.12 gpt Au;

  • Hole DV18-08B intersected 7.75 metres (5.00 metre true width) of 3.66 gpt Au, including 5.50 metres of 5.05 gpt Au, and 2.50 metres of 10.65 gpt Au;

  • Hole DV18-06 intersected 14.10 metres (7.00 metre true width) of 3.50 gpt Au, including 6.65 metres of 6.67 gpt Au, and 2.35 metres of 18.50 gpt Au;

  • Hole DV18-07 intersected 11.75 metres (9.50 metre true width) of 3.86 gpt Au, including 8.00 metres of 5.34 gpt Au, and 4.25 metres of 8.07 gpt Au;

  • Hole DV18-07B intersected 10.00 metres (5.00 metre true width) of 3.10 gpt Au, including 6.25 metres of 4.90 gpt Au, and 3.00 metres of 9.12 gpt Au;

  • New gold zones discovered at Diversified and Lexindin;

  • Drilling has validated the northerly steep plunging mineralization model as being a common feature to the four Leta Arm prospects.

Note: All assays are uncut (see Table 1)

Dr. Michael Byron, President and CEO commented, "Given our positive exploration results to-date, we are confident that the four Leta Arm gold deposits and showings are part of the same mineralized system as they share similar styles of mineralization, mineralized widths, general morphology, a common steep northern plunge, and are distributed along a linear array. We intend to continue advancing our understanding on the mineralization controls in this high-profile region and will broaden our exploration efforts along the 10 kilometres of mineralized stratigraphy in search of new discoveries. Leta Arm is just one of the many projects that we are aggressively exploring in 2018 and features prominently in our objective of realizing the untapped potential of this fertile gold camp."

Leta Arm lies sixteen kilometres southwest of Nighthawk's Colomac Gold Project ("Colomac"), Northwest Territories, Canada (Figure 1) and straddles the Leta Arm Fault Zone ("LAFZ"), a north-south trending, well mineralized, regional deformation zone up to 10 kilometres long and 500 metres wide that hosts all four of the deposits and numerous gold showings.

The four Leta Arm prospects were discovered in the late 1940's and early 1950's and are characterized by numerous high-grade vein systems developed within a 2.8-kilometre portion of the Leta Arm Fault Zone. Deposits and showings lie within a highly altered shear zone up to 500 metres wide hosting both parallel and extension vein systems open in all dimensions. A total of fourteen holes were drilled at Diversified (3,446 metres), six at Number 3 (1,294 metres), and two at Lexindin (429 metres), as presented in Table 1 below. Results for the North Inca deposit were presented in the Company's June 26, 2018 press release.

Table 1. Leta Arm Drill Results (uncut)

Hole ID

Collar
Orientations
(degrees)

Intersection

(Metres)

Core
Length

True
Width

Gold
Grade

Azimuth

Dip

From

To

(Metres)*

(Metres)

gpt

Diversified Deposit

DV18-01

100

-45

15.60

18.00

2.40


0.61

including

15.60

16.35

0.75


1.74


28.00

30.00

2.00


0.80

DV18-02

100

-50

7.00

10.00

3.00


0.74

including

7.00

9.00

2.00


0.95

 And

70.65

75.15

4.50


0.75

including

70.65

71.40

0.75


2.23

including

73.65

75.15

1.50


0.92

DV18-02B

100

-65

12.00

18.00

6.00


0.34

including

12.75

14.25

1.50


0.59

including

16.50

18.00

1.50


0.61

And 

27.00

29.25

2.25


6.16

including

27.75

28.50

0.75


16.25

And 

39.00

39.75

0.75


16.15

And 

51.75

57.75

6.00


0.28

including

53.25

57.75

4.50


0.31

And 

81.25

82.75

1.50


0.59

And 

114.25

115.00

0.75


2.02

DV18-03

100

-45

77.25

78.75

1.50


0.41

 And

96.75

98.25

1.50


0.33

 And

116.75

117.50

0.75


1.76

 And

122.00

127.25

5.25


1.42

including

125.75

127.25

1.50


3.82

DV18-03B

100

-55

41.25

42.00

0.75


0.56

 And

110.75

111.50

0.75


0.89

 And

118.25

125.00

6.75


1.37

including

118.25

121.25

3.00


0.65

including

120.50

125.00

4.50


1.94

including

120.50

121.25

0.75


1.89

including

124.25

125.00

0.75


9.57

 And

137.75

143.00

5.25


0.70

including

141.50

142.25

0.75


2.54

DV18-04

100

-45

38.25

41.25

3.00


0.47

including

38.25

39.75

1.50


0.86

 And

57.75

60.00

2.25


1.75

 And

73.50

75.75

2.25


0.31

 And

90.75

95.25

4.50


1.10

including

90.75

93.00

2.25


1.58

DV18-05

100

-45

128.85

140.60

11.75


2.57

including

128.85

130.35

1.50


3.66

including

136.35

140.60

4.25


3.80

And 

142.85

144.35

1.50


0.33

DV18-05B

100

-60

124.50

126.50

2.00


0.44

 And

177.75

179.25

1.50


0.79

 And

193.00

193.75

0.75


4.84

DV18-06

100

-60

65.00

70.75

5.75


1.74

including

67.35

70.75

3.40


2.80

 And

68.10

70.10

2.00


4.52

 And

126.90

141.00

14.10

7.00

3.50

including

134.35

141.00

6.65


6.67

including

134.35

136.70

2.35


18.50

DV18-06B

100

-75

123.00

124.50

1.50


1.75

 And

130.50

131.25

0.75


1.69

 And

147.00

151.50

4.50


2.52

including

147.75

150.00

2.25


4.92

including

148.50

149.25

0.75


14.20

 And

202.75

212.75

10.00

3.50

1.52

including

203.50

207.50

4.00


2.30

including

206.00

207.50

1.50


4.06

including

211.25

212.75

1.50


3.58

DV18-07

280

-45

216.50

228.25

11.75

9.50

3.86

including

217.00

226.75

9.75


4.59

including

217.00

225.00

8.00


5.34

including

220.75

225.00

4.25


8.07

including

222.75

225.00

2.25


9.63

DV18-07B

280

-60

232.00

232.75

0.75


1.53

 And

302.50

307.50

5.00


1.20

including

305.50

307.50

2.00


2.84

 And

359.25

369.25

10.00

5.00

3.10

including

359.25

365.50

6.25


4.90

including

361.50

365.50

4.00


7.42

including

362.25

365.25

3.00


9.12

DV18-08

280

-45

159.00

176.50

17.50

14.00

5.81

including

160.50

175.00

14.50


6.96

including

161.25

170.50

9.25


9.65

including

160.50

165.25

4.75


18.12

DV18-08B

280

-60

289.25

297.00

7.75

5.00

3.66

including

291.50

297.00

5.50


5.05

including

291.50

294.00

2.50


10.65

including

292.00

293.50

1.50


15.35

Number 3 Showing

DV318-01

100

-50

61.5

62.5

1.00


7.87

 And

79.75

85.00

5.25


1.59

including

81.25

84.25

3.00


2.41

including

82.75

84.25

1.50


3.54

DV318-01B

100

-62

72.75

75.00

2.25


1.87

including

72.75

74.50

1.75


2.35

 And

83.25

85.25

2.00


1.04

 And

100.50

102.50

2.00


1.01

 And

107.75<

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