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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

Comment by tony1969on Nov 13, 2022 9:23am
109 Views
Post# 35094644

RE:Sprott latest comments on NHK....

RE:Sprott latest comments on NHK.... Sprott thinks we may add more ounce this past season than in 2021. From latest Sprott report: "Stepping back, today’s hits continue to feed our thesis of 'more ounces this year than last,' as growing satellites strengthen the already robust ‘hub-and-spoke’ model at Colomac. Here is what they proved up as detailed in the March 8th 2022 press release vrs what they had in the 2021 MRE: "2022 MRE demonstrates a significant increase in potential OP Mineral Resource ounces (see Table 2): OP Indicated mineral resource estimates increased 121% to 2,062,400 gold ounces compared to the 2021 Estimate2 of 933,400 gold ounces, reflecting a decrease in the estimated average grade to 1.38 grams per tonne gold ("g/t Au") as compared to 1.62 g/t Au for the 2021 Estimate2 OP Inferred mineral resource estimates increased 1,400% to 601,000 gold ounces compared to the 2021 Estimate2 of 40,100 gold ounces, reflecting an increase in the estimated average grade to 2.39 g/t Au as compared to 1.68 g/t Au for the 2021 Estimate2 2022 MRE demonstrates a significant increase in the Global (potential OP + Underground "UG")) Mineral Resource ounces: Global Indicated mineral resource estimates increased 19% to 2,687,100 gold ounces compared to the 2021 Estimate2 of 2,249,100 gold ounces, reflecting a decrease in the estimated average grade to 1.44 g/t Au as compared to 1.81 g/t Au for the 2021 Estimate2 Global Inferred mineral resource estimates increased 69% to 1,330,500 gold ounces compared to the 2021 Estimate2 of 786,100 gold ounces, reflecting a slight decrease in the estimated average grade to 2.10 g/t Au as compared to 2.13 g/t Au for the 2021 Estimate2" Now if you can interpret all of these number and come up with a figure of new ounces in 2022 then Sprott thinks that they may be able to prove up even more than in the coming MRE now I would think likely in Q1 203 as assays are coming in very slowly for Kim and Cass and perhaps any other holes at other targets they have pending. According to the numbers published on March 8th NHK added 1,129,000 ounces of OP indicated mineral resources. This I believe is the most important number in this release as these OP indicated ounces are near surface (which is what this 2 year exploration program is all about) and are what are most sought after as long as they are economically viable by NHK management. Again Sprott mentioned the posibility of more ounces this year than last. If they are referring to the 1,129,000 ounces I referenced above and NHK management was able to get to that number then that would be an incredible achievement. NHK's latest presentations are saying 2.7m OP indicated at something north of 1.5 g/t. However remember this is an under-promise and over-deliver team led by our brilliant BOSS. In my opinion getting to 3m OP indicated ounces at anything north of 1.5 g/t would be amazing and give a nice boost to both NHK's management team as it shows that they continue to deliver on their plan. It should also give our stock a nice positive re-rating.
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