Precious Metals
May 12, 2022

Nighthawk Gold (TSX: NHK)

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Appoints Vp Of Exploration & Outlines 100,000M 2-Year Exploration Drill Program


Nighthawk Gold Corp. has appointed John McBride, MSc, PGeo, as the vice-president of exploration. The company has outlined its fully financed two-year exploration program at its district-scale property in Northwest Territories, Canada.

Keyvan Salehi, PEng, president and chief executive officer of Nighthawk, commented: "We are excited to have John join the company as our vice-president of exploration, at a critical phase of advancement of our exploration assets in our district-scale land package in the Northwest Territories. Our company will benefit from his extensive experience with two robust Canadian mining projects, namely the Valentine Lake gold project and the Marathon palladium-copper project.
"With the successful update to our mineral resource estimate along with the additional cash on our balance sheet, we believe Nighthawk is strongly positioned to continue advancing our assets towards a large-scale, open-pit gold project. Our fully funded two-year exploration program will focus on continuing to expand and increase confidence in the higher-grade, open-pit mineralization of our deposits. Phase 1 drilling will commence on May 9, and we look forward to updating the markets on results on a timely basis."

Vice-president of exploration appointment

Mr. McBride has approximately 15 years of experience in advancing exploration projects, particularly in field-based geology across Canada in the exploration for precious metals, base metals and diamonds. Most recently, Mr. McBride was the exploration manager at Generation Mining Ltd., where he led the exploration programs that were essential in advancing the Marathon palladium-copper project, located in northern Ontario, Canada, toward a definitive feasibility study. Previously, Mr. McBride was a senior exploration geologist at Marathon Gold Corp., where he managed the exploration programs for the Valentine Lake gold project, located in Newfoundland, Canada, resulting in the expansion of the known open-pit mineralization of the project's deposits. Mr. McBride graduated from Lakehead University with a HBSc. in geology (2007) and a MSc in geology (2010) and is a member in good standing with the association of professional geoscientists in Ontario, Northwest Territories and Nunavut.

Previous Nighthawk vice-president of exploration, Richard Roy, PGeo, has resigned from the company in pursuit of other endeavours. The company would like to thank Mr. Roy for his contributions.

Two-year exploration program

The company plans on completing up to 100,000 metres of drilling at its properties over the next 24 months in a phased approach. Phase 1 drilling will commence on May 9, 2022, and will have the following components:

  • Mineral resource expansion drilling at the Colomac Centre deposits (Colomac Main, Goldcrest, Grizzly Bear, 24 and 27): Phase 1 comprises up to 25,000 metres of drilling to test the high-grade gold zones at depth and along strike. Low-cost surface stripping will be used to potentially identify surface mineralization along strike from the known deposits.
  • Mineral resource expansion drilling at the Satellite deposits: Phase 1 drilling will focus on the Kim and Cass deposits and surrounding area. Up to 15,000 metres of drilling will be targeted toward potentially expanding the known higher grade, open-pit mineralization, focusing in areas with historical data that were sparsely drilled. A potential phase 2 drill program could target the higher-grade mineralization at Treasure Island and Domati deposits after further structural desktop studies.
  • Property-scale exploration and other activities: Phase 1 will include up to 10,000 metres of drilling to test the high-grade gold targets within the Colomac Centre and new geophysical targets from the planned airborne electromagnetic survey. The survey can potentially identify conductive areas and utilize the known relationship between sulphides and gold to help lead to the potential discovery of new mineralized zones. Field-based mapping and structural analysis of mineralized veining at the Colomac Main deposit will occur to continue to build confidence in the geological model.

The company believes phase 1 targets have the highest probability of delivering near-surface, higher grade mineral resources per metre of drilling. The results from phase 1 drilling will inform the drill program for phase 2. Details for the phase 2 drilling program will be provided at a later date, following the completion of the phase 1 drilling.

Technical information

Nighthawk has implemented a quality control program to comply with best practices in the sampling and analysis of drill core. Drill core samples were transported in security-sealed bags for analyses at ALS Global Assay Laboratory in Vancouver, B.C. ALS Global is an ISO/IEC 17025-accredited laboratory. Pulp and metallics assaying for gold were conducted on the entire pulverized sample.

As part of its quality assurance/quality control program, Nighthawk inserts external gold standards (low to high-grade) and blanks every 20 samples in addition to the standards, blanks and pulp duplicates inserted by ALS Global.

Technical report and qualified person

Mr. McBride, PGeo, VP of exploration of Nighthawk, who is the qualified person as defined by National Instrument 43-101 for this project, has reviewed and approved of the scientific and technical disclosure contained in this news release.


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