Nighthawk Gold has released the results of nine holes completed last year at the Treasure Island gold project, located within its 899-sq.-km Indin Lake property in Canada’s Northwest Territories.
The drill highlights include 12.7 metres of 8.51 g/t gold and 7 metres of 6.35 g/t gold.
All of the 19 holes completed at Treasure Island last year intersected mineralization. Drilling to date has traced gold mineralization over a 750-metre long section of a regional contact which lies within the eastern portion of a 7-km long under-explored prospective corridor. This mineralization, which is up to 200 metres wide, remains open on strike.
Drill highlights include 12.7 metres of 8.51 g/t gold and 7 metres of 6.35 g/t gold
“Treasure Island is one of our key satellite prospects proximal to Colomac, and given its extensive broad mineralized envelope hosting internal higher-grade domains, and grossly unexplored status, we believe it has exceptional discovery potential and capability to grow significantly,” Michael Byron, the company’s president and CEO, said in a release.
Treasure Island is located 11 km north of the Colomac deposit. Nighthawk intends to continue exploring for near-surface gold deposits at Indin Lake and views the Treasure Island zone as a potential source of higher-grade feed for a future mining operation.
Nighthawk is currently finalizing the details of its fully-funded exploration program for the year.
Current resources at Colomac stand at 50.3 million tonnes grading 1.62 g/t gold for a total of 2.6 million oz. Colomac is a past-producing open pit.
(This article first appeared in the Canadian Mining Journal)