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Nighthawk Gold Corp. T.NHK.W


Primary Symbol: T.NHK

"Nighthawk Gold Corp is a Canadian based junior resource company. It is engaged in the identification, acquisition, exploration, and evaluation of gold properties. The company is focused on Indin lake gold property. Its significant project consists of Colomac gold project which is located within the Indin Lake greenstone belt and is surrounded by company's existing Indin lake gold property in the northwest territories, from Aboriginal Affairs and Northern Development Canada. The company has comp


TSX:NHK - Post by User

Post by tony1969on Sep 21, 2021 10:48pm
136 Views
Post# 33896859

Only 361 holes drilled in about a decade...

Only 361 holes drilled in about a decade...
This is from page 141 of the technical report dated March 30, 2021: "Nighthawk Databases The Nighthawk Databases contain a total of 1,604 holes (272,540 m) divided into four diamond drill hole databases: Colomac, 24 and 27 deposits: 858 holes Damoti deposit: 499 holes Goldcrest deposit: 170 holes Grizzly Bear deposit: 77 holes. These databases include 1,243 historical holes (166,768 m) drilled before 2012, and 361 holes (105,772 m) drilled between 2012 and 2020. Since the 2020 MRE (Iund et al., 2020), 20 new holes were drilled for a total of 10,999 m on the Colomac deposit." I did not realize that only 361 holes were drilled from 2012 to 2020 and they had 1243 historical holes to work with before then. Now I understand when they say that they will basically double the exploration meters in this new plan since NHK started back in 2012. The entire property including historic drilling has been drilled 272k meters so if they can get close to the planned 200k meters in 2 years that would be very impressive and should cover most if not all of the high potential targets on the Indin Lake property. They have lots to work with as far as holes and from what I have read in this VERY LONG technical report the company that created it (INNOVEXPLO) seems to have a very good understanding of the property and its composition. This next year and a half or so of exploration and drill results should be very lets say revealing. Good or bad we wil see but it seems to me ltke this exploration team headed by Mr. Roy has a good idea of where to place the drill bit...
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