NIGHTHAWK GOLD (TSX: NHK) REPORTS 217.00 G/T AU OVER 0.50 M (WITH 7.30 G/T AU OVER 17.65 M) AT THE KIM DEPOSIT

Nighthawk Gold Corp. has released assay results from drilling at the Kim deposit, part of the Kim and Cass deposits, which are within 15 kilometres of the Colomac Centre area.

Nighthawk president and chief executive officer Keyvan Salehi commented: "We believe the Kim and Cass deposits have the potential to significantly expand the high-grade mineralization of our project. The high-grade intercepts from the Kim deposit drilling outside of the current mineral resource estimate (MRE) pit shells suggest the expansion of the known open-pit mineralization. In addition, with our analysis of the structural controls of the deposit, we were able to locate the down-dip offset extension of the Kim deposit just below the 2022 MRE pit shell.

"Up next, we intend to publish results from our Cass deposit, which should be available in the next couple of weeks."

Kim and Cass deposits

The Kim and Cass deposits are high-grade, potentially open-pit deposits that are located within 15 kilometres southwest of Colomac Centre. The company purchased 100 per cent of the Kim and Cass property (which hosts the Kim and Cass deposits) via an option agreement in 2021 (which will be completed in early 2023 with a final payment), and it represents an important part of the potential hub-and-spoke future mine plan for the Colomac gold project. Both the Kim and Cass deposits are accessible by an existing trail that connects to the project camp. Exploration at the Kim and Cass deposits focused on understanding the structural controls of mineralization and expanding the near-surface mineral resources of these deposits.

Kim deposit

The geology of the Kim deposit area is underlain by subvertical, pillowed-to-massive mafic flows and turbiditic metasediments, which are intruded by gabbroic sills. The majority of the gold mineralization at the Kim deposit is hosted in massive mafic volcanic flows along the metasediment contact and associated with smoky, sulphide-rich quartz-carbonate veins, and it displays a steep-to-subvertical dip. Displacement of rock units and mineralization occurs along northwest- and northeast-striking faults.

Two thousand twenty-two drilling at the Kim deposit has intersected high-grade, near-surface mineralization outside of, and adjacent to, the 2022 MRE pit shells, as demonstrated with recent intercepts like drill holes KM22-03 and KM22-04. In addition, due to the analysis on the structural controls, Nighthawk was able to locate the down-dip offset continuation of the Kim deposit mineralization just below the 2022 MRE pit shell, as evidenced by drill hole KM22-03. The Kim deposit remains open at depth and along strike.

DISCLAIMER: Nighthawk is a paid marketing client*

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