Precious Metals
October 27, 2022

Nighthawk Gold Reports 2.09 g/t Au over 92.0 m from the Colomac Main Deposit

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Reports 2.09 G/T Au Over 92.0 M And 2.72 G/T Au Over 34.50 M From The Colomac Main Deposit

NIGHTHAWK GOLD (TSX: NHK) REPORTS 2.09 G/T AU OVER 92.0 M AND 2.72 G/T AU OVER 34.50 M FROM THE COLOMAC MAIN DEPOSIT

Nighthawk Gold Corp. has released the remaining assay results from the Colomac Main deposit within the Colomac Centre area.

Nighthawk president and chief executive officer Keyvan Salehi commented: "The Colomac Main deposit continues to deliver high-grade, near-surface mineralization over meaningful widths, suggesting the strong potential to expand the open-pit mineral resources of the deposit. We see a lot more upside along the main deposit at Colomac, along strike and at depth. The open-pit part of the deposit is still shallow due to lack of drilling and sufficient data along the seven-kilometre trend and can grow substantially with successfully targeting and drilling the higher-grade mineralization, as shown with the latest results published in this press release."

Colomac Main deposit

The Colomac Centre area represents a group of five proximal deposits (Colomac Main, Grizzly Bear, Goldcrest, 24 and 27) in the heart of the Colomac gold project. The latest batch of drill assay results from the Colomac Main deposit targeted near-surface mineralization outside of the current mineral resource estimate pit shells, with the goal of expanding the middle areas (zones 2.5 and 3.0) of the deposit.

Drilling in zone 2.5 intersected wider intervals of near-surface mineralization (highlighted by holes C22-40, C22-45 and C22-34) with gold grades that are higher than the 2022 MRE grades of the deposit, suggesting the potential expansion of the estimated pit shells in that area.

Please refer to attached tables for the highlight drill assay results and the drill assay results summary of the latest batch of drilling at the Colomac Main deposit.

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