Nighthawk’s Indin Lake Gold Project
A unique opportunity to develop Canada’s next gold camp in the Northwest Territories, Canada Nighthawk consolidated its land position between 2008 and 2012, which culminated with the acquisition of the Colomac Gold Project, now considered an advanced-stage exploration asset.
W
hen you hear of prolific gold camps in Canada, you think of Timmins, Red Lake, and Kirkland Lake, to name a few. These camps have seen over 100 years of intensive and systematic exploration, and these days it would take quite a large chequebook to garner any prospective ground in these parts. How excited would you be to learn that there is another fertile, gold rich, and extremely underexplored Archean gold camp in Canada; all under one ownership structure, 95 per cent royalty free, and that already has a multi-million ounce deposit at its centre? Nighthawk Gold Corp. is advancing its district-scale land position in the Northwest Territories to illustrate that the Indin Lake Gold Property has a robust asset base for a discovery-challenged industry. Nighthawk consolidated its land
18 Mining North of 60 | 2021
position between 2008 and 2012, which culminated with the acquisition of the Colomac Gold Project, now considered an advanced-stage exploration asset. This past-producing asset, once considered a cast-off, has blossomed into an intriguing story with a lot to offer. Nighthawk has outlined 1.7 million ounces of Indicated resources, plus an additional 0.4 million ounces of Inferred resources, with an opportunity to add upwards of 1.5 million ounces in the near-term by conducting between 50,000 to 75,000 metres of drilling. But that’s just the tip of the iceberg as there remains significant upside potential, especially in light of the discovery that the mineralized portion of the host sill expands from 30 to 50 metre true widths in the near surface environment, up to 155-metre true widths at depths of approximately 650 metres vertical over a 3.5 kilometre
section of this seven-kilometre-long intrusive body. What makes this story unique, however, is that there are numerous gold deposits and showings, hosted within a variety of deposit settings, with significant grades and widths, where few have been drilled deeper than 100 metres from surface, all within trucking distance to Colomac. The Indin Lake Gold Property is pregnant with gold, and with Nighthawk planning to embark upon an expanded exploration program next year, a few of these regional targets will have an opportunity to illustrate their true potential. Two of the high-priority regional targets, the Leta Arm Gold Project and the Treasure Island Gold Project, sit within large, mineralized deformation zones that have the capacity to host large deposits. Drilling has been sporadic on these projects over the years, but with
