Nighthawk Gold Stock Price, News & Analysis

Nighthawk Gold Corp. has entered into a binding option agreement with Geomark Exploration Ltd. to acquire a 100% interest in the Kim & Cass Property, comprising four mining leases over 7,588 acres. Located adjacent to Nighthawk's Indin Lake Gold Property, this acquisition is vital for Nighthawk’s consolidation strategy and potential gold mineralization. The historic resource estimate for the site is 2,857,093 tonnes at 2.66 g/t Au. The total consideration for the acquisition is $1.1 million, which includes various payment arrangements over the next two years.

Nighthawk Gold Corp. has announced the appointment of Keyvan Salehi as the new President & CEO, effective January 1, 2021, replacing Dr. Michael Byron. Salehi brings over 20 years of mining industry experience, previously serving in senior roles at Mountain Province Diamonds and Kirkland Lake Gold. The company acknowledges Byron's contributions in consolidating the land position in the Indin Lake Greenstone Belt, which now covers over 95% of the area. Byron will remain with the company in a consulting role to ensure continuity in exploration efforts.

Nighthawk Gold Corp. (MIMZF) announced promising assay results from three drill holes at the Colomac Gold Project in the Northwest Territories. Hole C20-06B returned a significant intersection of 141.80 metres at 2.11 grams per tonne gold, showcasing strong mineralization continuity in Zones 2.0 and 3.0. Additional drilling continues, with results pending from 15 more holes. Despite COVID-19 logistics impacting assay turnaround, the company is actively addressing these challenges to expedite results.

Nighthawk Gold Corp. has announced the appointment of Eric Tremblay to its board of directors on September 23, 2020. With over 30 years of mining experience, Tremblay is currently the COO at Dalradian Resources and previously managed Canada’s largest open-pit gold mine, Canadian Malartic. His expertise in mine building and operations is expected to aid Nighthawk in advancing its Colomac Gold Project, which currently has an Indicated Resource of 1.67 Moz of gold. This appointment comes as Nighthawk seeks to leverage his skills for ongoing engineering studies.

Nighthawk Gold Corp. announced promising metallurgical test results for the Colomac Gold Project, confirming the rock's favorable gold recovery across various processing methods. Recent tests indicate gold recoveries between 91.3% to 98.0%, significantly exceeding historical averages of 88.1%. The tests revealed minimal variability in rock hardness and a strong response to gravity concentration, cyanidation, and heap leaching. The company has completed four metallurgical test programs on twelve bulk samples, with further studies planned once a preferred process is established.

Nighthawk Gold Corp. has filed a National Instrument 43-101 compliant technical report detailing a new mineral resource estimate for its Colomac and Damoti Lake Gold Projects, located in Northwest Territories, Canada. The report indicates Indicated Resources at Colomac of 25.89 million tonnes averaging 2.01 gpt Au, totaling 1.67 million ounces of gold, and Inferred Resources of 5.71 million tonnes averaging 2.03 gpt Au, totaling 0.37 million ounces. Nighthawk maintains a strong financial position for future exploration and project advancement.

Nighthawk Gold Corp. (OTCQX:MIMZF) announced the approval of all resolutions proposed at its annual meeting on September 10, 2020. Key outcomes include the election of directors, with noteworthy voting results such as 99.60% support for Ernie Eves and 98.39% for Morris Prychidny. Additionally, MNP LLP was re-appointed as auditors for the upcoming year. Nighthawk maintains a strong gold exploration position within the Indin Lake Greenstone Belt, boasting 25.89 Mt of Indicated Resources at 2.01 gpt Au. The company is well-supported for future exploration endeavors.

Nighthawk Gold Corp. (OTCQX:MIMZF) announced assay results from three drillholes at the Diversified Deposit within its Leta Arm Gold Project in Northwest Territories, Canada. Drilling of 1,065 metres was limited due to Covid-19, but the company reported promising mineralization. Highlights include hole DV20-01, which intersected 5.10 metres of 3.59 grams per tonne gold, with ongoing plans to resume drilling in 2021. The Leta Arm area shows significant mineralization potential, with additional exploration planned for both the Diversified and Colomac Gold projects.