Nighthawk adds Kim & Cass property to Colomac holdings

Kim & Cass is adjacent to the Albatross claim block that features the 4-km Albatross trend, where surface samples returned up to 20.6 g/t gold.

These new grounds include a historic resource of 2.9 million tonnes grading 2.66 g/t gold, with over 32,000 metres of historic drilling completed within 75 metres of surface. Drilling completed by Nighthawk in 2014 on this property extended the Cass corridor by 700 metres; historical drilling traced mineralization over 360 metres of strike.

Notable intercepts from the 2014 program include 51 metres of 2.25 g/t gold from 121 metres; 26 metres of 2.86 g/t gold starting at 143 metres; and 36.2 metres of 2.89 g/t gold from 112.8 metres.

To acquire this property, Nighthawk has agreed to pay a total of C$1.1 million and grant the vendor a 2.5% repurchaseable net smelter return royalty. The payments, in cash or shares, are divided into three tranches with the last due on or before Feb. 17, 2023. The first, C$400,000 share payment has been met.

Nighthawk expects to release details on work planned for Kim & Cass with its 2021 exploration program announcement.

(This article first appeared in the Canadian Mining Journal)

View Article Origin Here

Related Articles

Back to top button