With the gold mining industry still depressed, investors are now highly focused and extremely selective with the companies in which they are placing their hard-earned dollars. They want to see either:
The Colomac Gold Project of Nighthawk Gold Corp. (TSX: NHK, OTCQB: MIMZF, Forum) clearly passes the test in terms of robust intercepts and it can also boast some high-grade numbers. The Stockhouse audience has already been introduced to this Company in a full-length feature article from November 27, 2018.
The next day, Nighthawk reported new drilling results that included its broadest intercepts to date. Hole C17-28 reported “several extensive regions of continuous mineralization”:
These results extended this zone of mineralization where it remains open along strike and to depth. Previous drilling has also yielded very robust intercepts of high-grade gold, including:
Altogether, 26,168 meters of drilling were completed in 2017. A minimum of 25,000 meters of drilling is planned for this year. The Company is fully funded for the next 18-24 months, anchored by strategic investors like Kinross Gold and Osisko Royalties.
All of this activity has led to a new resource estimate for the Colomac Project. Stockhouse recently tracked down NHK’s busy CEO, Michael Byron, to dig deeper into this new resource estimate as well as getting a more general update on Colomac.
FULL DISCLOSURE: Nighthawk Gold Corp is a paid client of Stockhouse Publishing.
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