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Nighthawk Gold Equity Warrants Exp 6th May 2024 MIMZD


Primary Symbol: T.NHK.W

Nighthawk Gold Corp. is a Canada-based gold exploration and development company. The Company is engaged in the identification, acquisition, exploration, and evaluation of gold properties. The Company owns 100% ownership of more than 947 square kilometers district scale property within 200 kilometers (km) north of Yellowknife, Northwest Territories, Canada. The property hosts the Indin Lake (Archean) Greenstone belt. Its Colomac Gold Project is a large-scale, open-pit gold project in the Northwest Territories, Canada, about 200 km north of the capital city and mining hub Yellowknife. The Colomac Gold Project represents a series of high-grade open pit gold deposits, and gold mineralization remains open on all directions. Its grassroots targets with gold occurrences on its district scale property include Goldcrest Deposit, Kim Deposit, rizzly Bear Deposit, Damoti Deposit, Cass Deposit, and others.


TSX:NHK.W - Post by User

Post by tony1969on Aug 10, 2023 6:47am
130 Views
Post# 35581129

Cash on hand post raise....

Cash on hand post raise....Hey guys I asked our IR head this week how much cash we had post raise. He said around C$15M post financing close. Drilling was completed in July so the burn rate will dramatically decline to a very small amount as it will only be G&A expenses for the remainder of 2023. They just finished drilling the 24/27 deposit so we can expect drill results from that zone soon.You can see from the new financias put out yesterday that they spent $6.6m Canadian in Q2 on drilling and exploration alone. The top 3 expenses there being the camp, travel and drilling made up most of that and again are done for the year. Hope this update helps and I thank you Mr. Candelario for always being open to my questions...
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