Metals Update 05/04/2021

Viva Gold files documents for meeting re takeover

Viva Gold Corp. has filed and commenced mailing of materials to the shareholders of Viva, including the management information circular of the company dated March 25, 2021, for the special meeting of Viva shareholders to be held on May 3, 2021, in connection with the proposed acquisition by Golden Predator Mining Corp. of all of the issued and outstanding common shares of the company by way of a plan of arrangement.

Materials for the Meeting, including the Circular, are available on SEDAR at http://www.sedar.com and are available on the Company’s website at https://vivagoldcorp.com/special-meeting.

Benefits of the ArrangementAttractive Premium: A 35% to Shareholders over the 20-day VWAP, and 35% to the 30-day VWAP of the Viva Shares as at March 1, 2021.Future Growth: The Arrangement provides Shareholders the opportunity to continue to participate in the future growth of Viva's Tonopah Gold Project, as well as in a larger entity with stronger growth potential from a more diversified asset base supported by the financial resources available to GPY to develop such asset base.Fairness Opinion: The Viva Board received an Evans & Evans Opinion to the effect that, as of March 1, 2021, the consideration to be received by Shareholders pursuant to the Arrangement is fair, from a financial point of view, to Shareholders.Increased Liquidity: The Arrangement is anticipated to provide Shareholders with increased liquidity by the receipt of GPY Shares for their existing Viva Shares, due to GPY's larger market capitalization and access to capital.Significantly strengthened management and leadership team: An enhanced GPY management team with balanced and complimentary skillsets with proven mine building capacity and in-house technical expertise to advance projects.Cost Synergies and Enhanced balance sheet: Reduced overhead combined with a good cash position and marketable securities.

THE CONSIDERATION1.60 Class A Common Shares of GPY for each Viva Share held (the "Consideration"). The Consideration represents a 35% premium to the 30-day volume weighted average price of the Viva Shares as of March 1, 2021.

BOARD RECOMMENDATIONAfter a recommendation from a Special Committee to the Board, the board of directors of Viva (the "Board") voted in favor of this Arrangement. As a result, the Board recommends that Viva Shareholders vote in favor of the Arrangement.

THE NEW COMBINED TEAMOn closing of the Arrangement, subject to TSX Venture Exchange approval, the directors of GPY will consist of: William Sheriff (Executive Chair); James Hesketh (Chief Executive Officer); two nominees selected by Viva and three nominees selected by GPY. Management of GPY will consist of James Hesketh, President and Chief Executive Officer, Steven Krause, Chief Financial Officer, and Michael Maslowski, Chief Operating Officer.The Board recommends that Shareholders vote FOR the Arrangement

Your vote is important regardless of the number of Viva Shares you own. As a Shareholder, it is very important that you read the Circular and related materials with respect to the Meeting carefully and then vote your Viva Shares.

Viva MeetingThe Meeting will be held on May 3, 2021 at 2:00 p.m. (Vancouver Time), at #302 – 8047 199 Street, Langley BC V2Y-0E2, Canada.

At the Meeting, Shareholders will be asked to consider and, if thought advisable, to pass a special resolution approving the Arrangement. The Circular contains a detailed description of the Arrangement, as well as certain additional information relating to Viva.

YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAY

Shareholder Questions and AssistanceIf you have any questions or require assistance voting your Viva Shares, please contact our proxy solicitation agent, Laurel Hill Advisory Group, at 1-877-452-7184 toll-free in North America, or outside North America at +1 416 304-0211, or by e-mail at assistance@laurelhill.com.

Global Metals & Mining Investor Conference Presentations Now Available for On-Demand Viewing

Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations

NEW YORK, April 5, 2021 /PRNewswire/ — Virtual Investor Conferences, the leading proprietary investor conference series today announced that the presentations from the March Extractive Industry lnvestor Conference are now available for on-demand viewing.

REGISTER OR LOGIN NOW TO VIEW THE PRESENTATIONS: https://bit.ly/2PllJGf

The company presentations will be available 24/7 for 90 days. Investors, advisors and analysts may download shareholder materials from the “virtual trade booth” for the next three weeks.

Participating Companies:                                   

PresentationTicker(s)
 Keynote Presentation: By-Passing China in the Economic RecoveryChristopher Ecclestone, Mining Strategist Hallgarten & Co.
Appia Energy Corp.(OTCQB: APAAF | CSE: API)
Osisko Metals Inc.(OTCQX: OMZNF | TSX-V: OM)
Nova Royalty Corp.(OTCQB: NOVRF | TSX-V: NOVR)
Northern Minerals Ltd.(Pink: NMEX | ASX: NTU)
 Luncheon Speaker: Can Critical Metal Supply Chains be Economically Constructed in the Free World?Jack Lifton, Founder, Technology Metals Research
Energy Fuels Inc.(NYSE American: UUUU | TSX: EFR)
Vision Lithium Inc.(OTCQB: ABEPF | TSX-V: VLI)
Electric Royalties, Ltd.(Pink: ELECF | TSX-V: ELEC)
Intercontinental Gold and Metals Ltd.(TSX-V: ICAU)
Canada Silver Cobalt Works Inc.(OTCQB: CCWOF | TSX-V: CCW)
Renforth Resources Inc. – Nickel/Surimeau(OTCQB: RFHRF | CSE: RFR)
Thor Mining PLC(OTCQB: THORF | ASX: THR | AIM: THR)
Vital Metals Ltd.(Pink: VTMXF | ASX: VML)
Lake Resources NL(OTCQB: LLKKF | ASX: LKE)
Keynote Presentation: The Outlook for Precious Metals PricesJeffrey M. Christian, Managing Partner CPM Group
Amex Exploration Inc.(OTCQX: AMXEF |TSX-V: AMX)
Bonterra Resources Inc.(OTCQX: BONXF | TSX-V: BTR)
Vanstar Mining Resources, Inc.(Pink: VMNGF | TSX-V: VSR)
Signature Resources Ltd.(OTCQB: SGGTF | TSX-V: SGU)
Luncheon Speaker: Silver: The Technometal New Demand, New Policy, New FuturePhillips S. Baker, Jr., President & CEO of Hecla Mining
VanGold Mining Corp.(OTC VGLDF |TSX-V: VGLD)
Golden Valley Mines Ltd.(OTCQX: GLVMF | TSX-V: GZZ)
Renforth Resources Inc. – Gold/Parbec(OTCQB: RFHRF | CSE: RFR)
Trillium Gold Mines Inc.(OTCQX: TGLDF | TSX-V: TGM)
Aztec Minerals Corp.(OTCQB: AZZTF | TSX-V: AZT)
Prosper Gold Corp.(OTCQX: PGXFF | TSX-V: PGX)
Silver Bullet Mines, Inc.(Private Company)
Honey Badger Silver Inc.(Pink: HBEIF | TSX-V: TUF)
Fabled Silver Gold Corp(OTCQX: FBSGF | TSX-V: FCO)

To facilitate investor relations scheduling, for more information about the program and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

Global Metals & Mining Investor Conference Presentations Now Available for On-Demand Viewing

Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations

NEW YORK, April 5, 2021 /PRNewswire/ — Virtual Investor Conferences, the leading proprietary investor conference series today announced that the presentations from the March Extractive Industry lnvestor Conference are now available for on-demand viewing.

REGISTER OR LOGIN NOW TO VIEW THE PRESENTATIONS: https://bit.ly/2PllJGf

The company presentations will be available 24/7 for 90 days. Investors, advisors and analysts may download shareholder materials from the “virtual trade booth” for the next three weeks.

Participating Companies:                                   

PresentationTicker(s)
 Keynote Presentation: By-Passing China in the Economic RecoveryChristopher Ecclestone, Mining Strategist Hallgarten & Co.
Appia Energy Corp.(OTCQB: APAAF | CSE: API)
Osisko Metals Inc.(OTCQX: OMZNF | TSX-V: OM)
Nova Royalty Corp.(OTCQB: NOVRF | TSX-V: NOVR)
Northern Minerals Ltd.(Pink: NMEX | ASX: NTU)
 Luncheon Speaker: Can Critical Metal Supply Chains be Economically Constructed in the Free World?Jack Lifton, Founder, Technology Metals Research
Energy Fuels Inc.(NYSE American: UUUU | TSX: EFR)
Vision Lithium Inc.(OTCQB: ABEPF | TSX-V: VLI)
Electric Royalties, Ltd.(Pink: ELECF | TSX-V: ELEC)
Intercontinental Gold and Metals Ltd.(TSX-V: ICAU)
Canada Silver Cobalt Works Inc.(OTCQB: CCWOF | TSX-V: CCW)
Renforth Resources Inc. – Nickel/Surimeau(OTCQB: RFHRF | CSE: RFR)
Thor Mining PLC(OTCQB: THORF | ASX: THR | AIM: THR)
Vital Metals Ltd.(Pink: VTMXF | ASX: VML)
Lake Resources NL(OTCQB: LLKKF | ASX: LKE)
Keynote Presentation: The Outlook for Precious Metals PricesJeffrey M. Christian, Managing Partner CPM Group
Amex Exploration Inc.(OTCQX: AMXEF |TSX-V: AMX)
Bonterra Resources Inc.(OTCQX: BONXF | TSX-V: BTR)
Vanstar Mining Resources, Inc.(Pink: VMNGF | TSX-V: VSR)
Signature Resources Ltd.(OTCQB: SGGTF | TSX-V: SGU)
Luncheon Speaker: Silver: The Technometal New Demand, New Policy, New FuturePhillips S. Baker, Jr., President & CEO of Hecla Mining
VanGold Mining Corp.(OTC VGLDF |TSX-V: VGLD)
Golden Valley Mines Ltd.(OTCQX: GLVMF | TSX-V: GZZ)
Renforth Resources Inc. – Gold/Parbec(OTCQB: RFHRF | CSE: RFR)
Trillium Gold Mines Inc.(OTCQX: TGLDF | TSX-V: TGM)
Aztec Minerals Corp.(OTCQB: AZZTF | TSX-V: AZT)
Prosper Gold Corp.(OTCQX: PGXFF | TSX-V: PGX)
Silver Bullet Mines, Inc.(Private Company)
Honey Badger Silver Inc.(Pink: HBEIF | TSX-V: TUF)
Fabled Silver Gold Corp(OTCQX: FBSGF | TSX-V: FCO)

To facilitate investor relations scheduling, for more information about the program and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group’s suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.

Nighthawk Reports Remaining 2020 Results for Colomac and Treasure Island

Colomac Highlight: Hole C20-07 returned 3.00 g/t Au over 32.7 m

Treasure Island Highlight: T20-09 returned 207.18 g/t Au over 5.5 m (uncut), including 2,260 g/t Au over 0.5 m

TORONTO, ON / ACCESSWIRE / April 5, 2021 / Nighthawk Gold Corp. (“Nighthawk” or the “Company“) (TSX:NHK)(OTCQX:MIMZF) is pleased to report the remaining results from its 2020 exploration program on the Colomac Deposit (“Colomac“) and the Treasure Island Zone (“Treasure Island“), within its 100% owned Indin Lake Gold Property (930km2 land package), located in the Northwest Territories of Canada.

Assay results from the remaining drill holes completed at Colomac (10 holes for 6,433 metres, see Table 1, Figure 1), and Treasure Island (3 holes for 1,186 metres, see Table 2, Figure 7), have been received and returned significant results at both locations.

Richard Roy, VP Exploration commented: “We are pleased to report on the remaining 2020 drill results at Colomac and Treasure Island. Treasure Island encountered high-grade results, where hole T20-09 returned 207.18 g/t Au over 5.5 metres, including a single assay of 2,260 g/t Au over 0.5 metres. Consistent higher grade at Treasure Island remains to be demonstrated by drilling. With these recent Treasure Island results now in hand, all results to date will be compiled, analysed, and modeled in order to establish its potential to add higher-grade mineralization to the global resource base.

“The Colomac results illustrate the potential for resource growth at depth, however drilling in 2021 will focus on further delineation of near-surface mineralization in an effort to increase the in-pit resources. The potential at depth on Colomac remains very significant, but quality near surface targets remain untested at Colomac and will be prioritized in 2021.”

Colomac:

  • Hole C20-07C (Figure 2) was completed at Zone 3.5 and returned 3.00 grams per tonne gold (“g/t“, “Au“) over 32.7 metres (“m“), supporting the continuity of the higher-grade mineralization previously obtained at depth.
  • Holes C20-14 and C20-17(17B) tested Zone 2.5 at depth. Although no extensively wide intervals were obtained, hole C20-17 (Figure 3), did return a high-grade interval of 12.36 g/t Au over 4.3 m (26.08 g/t Au uncut) including a 0.5 m sample assaying 218.00 g/t Au.
  • Holes C20-15(15B), C20-16, C20-18(18B), and C20-20 were drilled on Zone 1.5 testing the depth extension of the mineralization. Significant intervals were obtained, particularly in holes C20-18B (Figure 4), which returned 1.67 g/t Au Au over 61 m (1.72 g/t Au uncut), and C20-20 returned 2.44 g/t Au over 30.25 m (Figure 5). These results demonstrate that Zone 1.5 remains wide and well mineralized at depth, adding to the resource potential within this zone.
  • Holes C20-19 (Figure 6), tested Zone 2.0 and returned a wide intersection of 1.03 g/t Au over 64.1 m, including 2.88 g/t Au over 7.5 m at. Drilling at Zone 2.0 continues to encounter both extensive widths and higher-grade intervals within the mineralization.

Treasure Island:

  • The remaining three holes completed at Treasure Island (Main Zone), returned significant higher grade gold mineralization at depth, including:
    • Hole T20-07 (Figure 8) returned 5.62 g/t Au over 3.3 m;
    • Hole T20-09 (Figure 9) returned 4.65 g/t Au over 2.05 m, and 207.18 g/t Au over 5.5 m (uncut), including a single assay result of 2,260.00 g/t Au over 0.5 m; and
    • Hole T20-10 (Figure 10) returned 37.59 g/t Au over 2.35 m (uncut) including a single sample of 0.5 m which assayed 80.75 g/t Au.

Note: Assay results for Colomac are cut at 50 g/t Au as per parameters identified within the 2021 Mineral Resource Estimate. No cutting is applied to Treasure Island holes. Lengths are reported as core lengths. True widths vary depending on drill hole dip. (see Table 1 and 2)

Table 1 – Colomac Drill Results – Summary Table

ZoneHole IDInterval (m)Core LengthGold Grade(cut @ 50)Gold Grade (uncut)
FromTo(m)(g/t)(g/t)
3.5C20-07B49.7050.400.701.38
C20-07C168.00169.001.001.04
C20-07C174.00175.001.001.42
C20-07C188.00189.001.001.14
C20-07C210.00210.500.501.92
C20-07C212.90213.901.003.33
C20-07C259.20259.900.701.18
C20-07C265.50269.303.803.21
C20-07C560.50561.000.5017.60
C20-07C563.60564.300.701.10
C20-07C569.10601.8032.703.00
C20-07C602.50603.000.501.40
C20-07C610.80614.904.101.45
C20-07C617.00617.700.701.04
C20-07C633.20633.900.701.11
C20-07C642.10646.704.605.26
C20-07C665.20687.0021.803.01
C20-07C696.30697.000.702.09
C20-07C715.90716.600.708.28
C20-07C726.40727.100.704.77
C20-07C733.05742.709.651.93
2.5C20-14339.75340.500.752.50
C20-14411.75419.257.501.18
2.5C20-14430.50431.250.751.30
C20-14438.75439.500.752.59
C20-14476.25477.000.751.37
C20-14488.25502.0013.751.61
C20-14516.00517.001.001.83
1.5C20-15B512.50513.250.751.05
C20-15B514.75515.350.609.04
C20-15B525.40535.5010.101.63
C20-15B544.30544.800.501.04
C20-15B559.25559.950.701.90
C20-15B561.85562.350.501.39
C20-15B566.15567.451.303.45
C20-15B576.25576.750.505.04
C20-15B583.05592.209.151.64
C20-16651.60658.607.001.72
C20-16680.80681.500.702.90
C20-16688.90689.600.701.56
2.5C20-17254.85259.154.3012.3626.08
including255.35255.850.50218.00
C20-17280.20280.900.702.71
C20-17297.35305.908.551.07
C20-17330.90331.600.701.62
C20-17B362.90363.400.501.63
C20-17B387.40388.100.701.42
C20-17B439.90440.600.705.28
1.5C20-18B399.95400.700.751.79
C20-18B470.00470.500.5075.60
C20-18B477.10477.600.504.59
C20-18B489.70490.200.5027.80
C20-18B518.00518.700.701.16
C20-18B531.55532.050.501.01
C20-18B533.25533.750.501.32
C20-18B534.45535.000.551.31
C20-18B555.50566.6011.101.65
C20-18B585.30585.800.502.67
C20-18B597.30598.000.701.10
C20-18B600.80609.208.402.65
C20-18B618.30619.301.002.13
C20-18B620.30620.800.501.27
C20-18B628.70639.8011.102.05
C20-18B643.80644.300.503.65
1.5C20-18B649.30649.800.501.43
C20-18B650.30651.000.702.06
C20-18B653.60654.601.001.43
C20-18B655.10655.800.701.90
C20-18B659.10720.3061.201.671.72
C20-18B728.10728.600.501.51
C20-18B729.80731.201.401.87
C20-18B732.60733.300.701.21
C20-18B745.20745.900.702.39
C20-19414.00478.1064.101.03
including446.20453.707.52.88
C20-19490.60491.100.503.51
C20-19495.50496.200.704.23
C20-19498.80499.300.501.42
C20-19500.30501.000.701.27
C20-20448.85479.1030.252.44
C20-20483.80484.500.701.60
C20-20492.60517.5024.901.49
C20-20524.50525.200.702.50
C20-20531.50532.200.701.31
C20-20540.30621.5081.201.481.54
C20-20639.70678.1038.401.46
C20-20689.10689.600.501.95
C20-20690.30691.000.702.18
C20-20693.60694.100.505.47
C20-20696.30696.800.501.57
C20-20698.70700.802.101.33
C20-20711.10711.600.501.89
C20-20712.10712.600.501.00
C20-20713.10713.600.502.69
C20-20715.30716.000.701.93
C20-20720.90722.101.201.07
C20-20723.50724.901.402.75
C20-20726.70727.400.702.74
C20-20742.00742.700.702.37

Note: Assay results for Colomac are cut at 50 g/t Au as per parameters identified within the 2021 Mineral Resource Estimate. Lengths are reported as core lengths. True widths vary depending on drill hole dip.

Table 2 – Treasure Island (Main Zone) Drill Results – Summary Table

Hole IDInterval (m)Core LengthGold Grade
FromTo(m)(g/t)
T20-07194.40195.100.701.85
T20-07212.00225.3513.351.31
T20-07235.65239.403.751.46
T20-07274.20277.503.305.62
T20-07329.00343.7014.701.98
T20-07352.10362.6010.501.47
T20-07365.35365.850.501.65
T20-07383.90384.450.557.73
T20-0993.6094.200.602.88
T20-09109.90110.400.501.87
T20-09124.20124.900.701.56
T20-09129.80131.852.054.65
T20-09171.00175.204.202.48
T20-09185.10185.800.705.24
T20-09264.60270.105.50207.18
including269.10269.600.502,260.00
T20-1040.0041.001.001.22
T20-1056.0056.5.000.5080.60
T20-10187.30188.000.701.53
T20-10196.40197.100.701.20
T20-10202.00202.700.701.05
T20-10225.80226.500.702.21
T20-10230.00230.700.701.50
T20-10249.20251.552.3537.59
including250.55251.050.50161.50
T20-10267.20278.9011.703.01
T20-10283.30283.800.504.24
T20-10284.30284.800.501.33
T20-10287.20287.900.701.51
T20-10296.45299.953.503.26
T20-10308.95309.450.501.40
T20-10314.60319.504.901.11
T20-10323.30323.900.601.60
T20-10384.90385.600.701.14

Note: All lengths are reported as core lengths. True widths vary depending on drill hole dip.

BHIDEastingNorthingElevationDirectionDIPEOH (m)Target Area
C20-07B5915797140966378108-7578Colomac
C20-07C5915797140966378108-77873Colomac
C20-145918477142134369107-70567Colomac
C20-15B591947714358433690-64651Colomac
C20-16591874714350933090-64814.55Colomac
C20-175921147142196365305-60375Colomac
C20-17B5921147142196365305-75504Colomac
C20-18592043714337434990-76480Colomac
C20-18B592043714337434990-73797.75Colomac
C20-195923747142725349270-69501Colomac
C20-20592063714324637090-72792Colomac
T20-075897357153429369165-80420Treasure Island
T20-095899407153450374165-68298Treasure Island
T20-105896027153449365165-70468Treasure Island

Figure 1 – Planview of Colomac Drilling

Figure 2 – Colomac – Zone 3.5 Cross Section – Drill Hole C20-07C

Figure 3 – Colomac – Zone 2.5 Cross Section – Drill Hole C20-17

Figure 4 – Colomac – Zone 1.5 Cross Section – Drill Holes C20-18, and C20-18B

Figure 5 – Colomac – Zone 1.5 Cross Section – Drill Hole C20-20

Figure 6 – Colomac – Zone 2.0 Cross Section – Drill Hole C20-19

Figure 6 – Planview of Treasure Island – Main Zone Drilling

Figure 7 – Treasure Island – Main Zone Cross Section – Drill Hole T20-07

Figure 8 – Treasure Island – Main Zone Cross Section – Drill Hole T20-09

Figure 9 – Treasure Island – Main Zone Cross Section – Drill Hole T20-10

Qualified Person

Richard Roy P.Geo., a member of OGQ and NAPEG, V.P. Exploration of Nighthawk, who is the Qualified Person as defined by NI 43-101 for this project, has reviewed and approved of the technical disclosure contained in this news release.

Technical Information

Nighthawk has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. Drill core samples were transported in security-sealed bags for analyses at ALS Chemex Assay Laboratory in Vancouver, BC (“ALS Chemex“). ALS Chemex is an ISO 9001:2000 certified laboratory. Pulp and metallics assaying for gold was conducted on the entire pulverized sample.

As part of its QA/QC program, Nighthawk inserts external gold standards (low to high grade) and blanks every 20 samples in addition to the standards, blanks, and pulp duplicates inserted by ALS Chemex.

About Nighthawk

Nighthawk is a Canadian-based gold exploration company with 100% ownership of a district-scale land position within the Indin Lake Greenstone Belt, located approximately 200km north of Yellowknife, Northwest Territories, Canada. Within this largely underexplored Archean gold camp, the Company has identified a number of high-priority targets all centered around a growing multi-million-ounce deposit. These targets lie within large regional deformation zones that are pregnant with gold mineralization and are known to host significant deposits which warrant additional exploration and follow-up. The main goals and objectives over the next 12-24 months will be to carry out aggressive exploration to support resource expansion opportunities as well as to foster new, near-surface discoveries that support the global resource base.

The Company has an experienced and dedicated team with a track record of successfully advancing projects and is well funded and supported to complete its goals and objectives.

FOR FURTHER INFORMATION PLEASE CONTACT:

NIGHTHAWK GOLD CORP.
Tel: 1-647-794-4313; Email: info@nighthawkgold.com
Website: www.nighthawkgold.com

Keyvan SalehiPresident & CEOMichael LeskovecCFOSuzette N RamcharanVP, Corporate Development

The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to, the Company’s continued exploration programs and the ability to advance targets and the timing and results thereof; the ability to increase the global mineral resource base with additional drilling; the mineral resource estimate; and access to available capital to complete all work necessary to achieve the Company’s stated goals and objectives. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”.

Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Nighthawk to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Nighthawk’s annual information form for the year ended December 31, 2019, available on http://www.sedar.com. Although Nighthawk has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Nighthawk does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE: Nighthawk Gold Corp

GoviEX files updated Madaouela PFS

A technical report titled “An Updated Pre-Feasibility Study for the Madaouela Project, Niger,” dated effective April 5, 2021, which supports the disclosure in GoviEX Uranium Inc.’s news release dated Feb. 18, 2021, has been filed today under the company’s profile on SEDAR.

Key highlights of the report, as previously described in the Feb. 18, 2021, news release:

  • Open-pit mining in the early years with capex reduced by 15 per cent and opex down by 20 per cent;
  • Captive water source, consumption reduced by 66 per cent;
  • Grid-level electrical power existing within Madaouela project boundary;
  • Prioritize local skilled labour and local venders;
  • Straightforward industry-standard process design — reducing construction and operational risks;
  • Mining permit and environmental certificate already secured;
  • Potential to service debt of $150-million (U.S.) to $180-million (U.S.);
  • Ability to fast-track feasibility study in 2021 to target rapid development;
  • Next steps to accelerate project financing and offtake options.

The report was prepared by SRK Consulting (U.K.) Ltd. in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects, and is available on the company’s website and under the company’s profile on SEDAR.

Qualified persons

The qualified persons from SRK for the report are:

  • EurGeol Robert John Bowell, PhD, CChem, CGeol — corporate consultant (geochemistry and processing);
  • Daniel Rene Guibal, Min Eng, FAusIMM (CP), MMICA, MGAA — corporate consultant (geostatistics and resources);
  • Timothy John McGurk, BEng (honours), CEng, MIMMM — corporate consultant (mining engineering);
  • Filip Orzechowski (MSc FIMMM CEng) — principal consultant (mining);
  • Jurgen Fuykschot (MSc MBA, MAusIMM) — principal consultant (mining engineering).

The scientific and technical information in this release has been reviewed and approved by Dr. Rob Bowell, a chartered chemist of the Royal Society of Chemistry, a chartered geologist of the Geological Society of London, and a fellow of the Institute of Mining, Metallurgy and Materials, who is an independent qualified person under the terms of National Instrument 43-101 for uranium deposits. Mr. Bowell has verified the data disclosed in this news release.

Arizona Metals arranges $15.01M placement

Arizona Metals Corp. has entered into an agreement with a syndicate of underwriters led by Stifel GMP and Clarus Securities Inc., pursuant to which the underwriters have agreed to purchase, on a bought-deal private placement basis, 7.15 million special warrants of the company at a price of $2.10 per special warrant for aggregate gross proceeds to the company of $15,015,000. The company has agreed to grant the underwriters an overallotment option to purchase up to an additional 1,072,500 special warrants at the issue price exercisable in whole or in part, at any time and from time to time on or prior to the date that is 48 hours prior to the closing date (as defined below).

This financing will allow the company to increase the fully financed Kay mine phase 2 expansion drill program, currently under way, from 25,000 to 75,000 metres.

Marc Pais, chief executive officer, commented: “We appreciate the continued support and confidence of current and new shareholders. This financing will allow us to triple the planned drilling at the Kay mine phase 2 Expansion program from 25,000 m to 75,000 m. We can now accelerate the testing of numerous satellite targets on strike and to the west of the Kay mine, previously identified using a combination of structural mapping, helicopter electromagnetic (VTEM) surveys, borehole electromagnetic surveys (BHEM), and soil and rock geochemical sampling. A recently completed property-wide gravity survey has helped to refine the current drill targets, while also identifying new historically untested targets. We are currently scheduling a third and fourth drill rig to the Kay mine and will provide further details of the expanded program in a future release.”

Each special warrant shall be issued under a special warrant indenture and shall entitle the holder thereof to receive, without payment of additional consideration, one unit of the company. Each unit shall consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of $3 for a period of 12 months following the closing date of the offering.

The special warrants shall be deemed exercised on behalf of, and without any required action on the part of, the holders (and for no additional consideration) on the earlier of: (i) the second business day following the date on which a final receipt is obtained from the Ontario Securities Commission, as principal regulator on behalf of the securities regulatory authorities in each of the qualifying jurisdictions (as defined herein), for a (final) short-form prospectus qualifying for distribution the units underlying the special warrants; and (ii) 5 p.m. Toronto time on the date that is four months and a day following the closing date.

In the event the qualification date has not occurred on or before the date that is 10 weeks following the closing date, each special warrant shall thereafter entitle the holder to receive, upon the exercise or deemed exercise of each special warrant, for no additional consideration, 1.1 units.

The company plans to use the net proceeds from the offering to finance exploration and development work at the Kay mine copper-gold VMS (volcanogenic massive sulphide) project in Arizona, and for working capital and general corporate purposes.

The special warrants will be offered on a private placement basis in all provinces of Canada, except Quebec. The special warrants will also be offered in the United States on a private placement basis pursuant to available exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada and the United States, as mutually agreed by the company and the underwriters, in each case in accordance with all applicable laws.

The offering is scheduled to close on or about April 22, 2021, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.

Copper Fox plans IP survey for Mineral Mountain

Copper Fox Metals Inc. and its wholly owned subsidiary, Desert Fox Copper Inc., plan to complete a deep penetrating induced polarization (chargeability/resistivity) survey on its 100-per-cent-owned Mineral Mountain copper project located approximately 15 miles east of Florence, Ariz.

Highlights:12.5 kilometers of geophysical survey to test the continuity at depth of the copper mineralization in Target #1 and Target #2. The survey will map the chargeability and resistivity signatures to an average depth of 600 meters (“m”) below surface. Target #1 is hosted in Laramide age mineralized multi-phase intrusive stock and measures 4,500m long by up to 2,000m wide.Target #2 is hosted in Precambrian granite and diabase, measuring 2,800m long by 400m wide located approximately 800m southeast of Target #1.

Elmer B. Stewart, President and CEO of Copper Fox, stated, “The objective of the geophysical survey is to advance the project to the drill ready stage by mapping the chargeability/resistivity signatures below the copper mineralization exposed in outcrop on both Targets. Assuming positive results, the data will be combined with previous work to select drill hole locations.”

Geological Model:

The geological model centers on a multi-phase Laramide age intrusive with mineralized and non-mineralized granodiorite phases and a mineralized quartz monzonite phase intruding the Precambrian Pinal Schist. The intrusive has been age dated at 69.7 +/- 0.4 Ma utilizing U/Pb zircon age dating and is cut by a series of syn-mineralization and late-stage dikes of varying composition. Porphyry copper style of mineralization and alteration occurs in a large portion of the stock.

Petrographic Studies:

Petrographic studies indicate an early potassic phase, overprinted by pervasive sericite and late stage propylitic alteration and transformation of primary chalcopyrite to secondary malachite, covellite and chalcocite due to weathering/oxidization/enrichment processes that were active after the Laramide hydrothermal event.

Mineralization:

Target #1 consists of three overlapping styles of copper mineralization occurring as disseminations, and in northeast and northwest striking quartz vein/veinlet stockwork and fractures.

In Target #2, copper mineralization occurs in quartz vein/vein stockworks and fractures hosted in Precambrian Pinal Schist, Diabase and the Ruin Granite with similar strike and dip directions to that observed in Target #1.

Analytical Results:

The copper mineralization exposed in outcrop is interpreted to represent the lower portion of the supergene zone that resulted from cycles of weathering/oxidization/metal enrichment that occurred after the Laramide hydrothermal event. The supergene process increases certain metal concentrations at the bottom of the weathered zone which suggests that the samples used to determine Average Concentrations, Median Values and Range of Metal Concentrations shown below, are not necessarily representative of the mineralization on the property.

Average Concentrations:

Style of      Number of  Cu   Cu   Mo   Au   Ag  
Mineralization Samples (ppm)  (%) (ppm)(ppb)(ppm)
Disseminated     47    5,752 0.57571.8 57.9  6.6 
Quartz Vein      141   12,0201.20265.3 127.516.3 
Fracture         135   4,223 0.42213.6 43.1  7.3 

Cu = copper, Mo = molybdenum, Au = gold, Ag =silver, (%) = percent, ppm = parts per million, ppb = parts per billion

Median Values:

Style of      Number of Cu   Cu   Mo   Au   Ag  
Mineralization Samples (ppm) (%) (ppm)(ppb)(ppm)
Disseminated     47    2,5950.259 4.0 11.0  2.3 
Quartz Vein      141   5,7700.57710.7 28.0  2.6 
Fracture         135   1,5230.152 3.0 10.0  1.5 

Cu = copper, Mo = molybdenum, Au = gold, Ag =silver, (%) = percent, ppm = parts per million, ppb = parts per billion

Range of the Metal Concentrations: 

Style of      Number of     Cu            Cu           Mo        Au       Ag     
Mineralization Samples     (ppm)         (%)         (ppm)     (ppb)     (ppm)   
Disseminated     47    73 to 20,200 0.007 to 2.20 0.5 to 1,0605 to 6960.4 to 65.4
Quartz Vein      141   80 to 103,8000.008 to 10.380.2 to 2,0805 to 8720.2 to 483 
Fracture         135   13 to 30,000 0.001 to 3.00  0.5 to 282 5 to 4650.2 to 65.4

Cu = copper, Mo = molybdenum, Au = gold, Ag =silver, (%) = percent, ppm = parts per million, ppb = parts per billion

Analytical and Sampling Procedures:

Analytical results used in this news release represent selected rock chip samples of the three styles of mineralization from the Mineral Mountain project. The samples were collected to characterize the base metals and trace element geochemistry present in veins, other mineralized structures, and outcrops. The samples were picked up from site by Skyline Laboratories of Tucson, Arizona.

The samples were crushed to plus 75% -10 mesh, split and pulverized to plus 95% -150 mesh. Pulps were subjected to a multi-acid digest (HNO3, HF, and HClO4). Gold was analyzed on a 30-gram charge by fire assay (FA-01) with an atomic absorption finish. Skyline’s package code TE-5 was used to analyze the samples for the base and other trace elements. Metal concentration in samples exceeding the upper limit of detection were assayed for copper using (MEA) and silver (FA-04). Skyline has an ISO/IEC 17025/2005 accreditation.

Elmer B. Stewart, MSc. P. Geol., President and CEO of Copper Fox, is the Company’s non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.

Euro Sun files request to start SEA at Rovina

Euro Sun Mining Inc. has filed a request to initiate the strategic environmental assessment (SEA) for the Rovina Valley project with the Environmental Protection Agency in Hunedoara county, Romania. The notice of filing was published in the Mesagerul Hunedorean as required under the legislation and will also be published again on April 8, 2021.

The contents of the public announcement made by Euro Sun’s 100-per-cent-owned subsidiary in Romania are translated below:

S.C. Samax Romania SRL with headquarters in Criscior, 146 Calea Zarandului, postal code 337200, Hunedoara county, announces the completion of the first version of PUZ — industrial zone for the investments, development of the Rovina mining project within the exploitation licence area and triggering of the screening phase for obtaining the environmental licence.

The first version of the plan can be consulted at the Hunedoara EPA headquarters, in Deva City, 25 Aurel Vlaicu St., postal code 330007, Hunedoara county, every day from Monday to Thursday from 8 a.m. to 4:30 p.m. and on Friday from 8 a.m. to 2:30 p.m., as well as on Hunedoara EPA’s website. The comments and suggestions shall be sent in writing to Hunedoara EPA’s headquarters, within 18 calendar days since this announcement appeared.

Scott Moore, Euro Sun’s chief executive officer, stated: “We are pleased to initiate the SEA process with the Hunedoara County Environmental Protection Agency. Our definitive feasibility study has outlined a generational asset that brings both the highest environmental stewardship with significant economic benefits directly to our local communities and to the county of Hunedoara as a whole. We look forward to building a stronger relationship with all of the authorities through this phase of the permit process.”

The SEA process builds on the environmental impact assessment (EIA) approved under the exploitation licence issued by the Romanian government on Nov. 9, 2018, augmented by 17 new or updated environmental studies on the project as required by Romanian or European regulations. These studies include such items as air quality, noise, traffic, and various flora and fauna baseline studies.

The SEA process will also involve obtaining the opinions or approvals of 14 administrative bodies. Representative agencies include the Army General Headquarters, Hunedoara County Police Inspectorate, Banat Electrical Supply Company, and local and county roads administrators among others.

Public consultations are required under the SEA process and the company intends to hold such as directed by the EPA of Hunedoara county in a timely manner but are expected to occur in the third quarter.

Nighthawk drills 32.7 m of three g/t Au at Indin

Nighthawk Gold Corp. has released the remaining results from its 2020 exploration program on the Colomac deposit and the Treasure Island zone within its 100-per-cent-owned Indin Lake gold property (930-square-kilometre land package), located in the Northwest Territories of Canada.

Assay results from the remaining drill holes completed at Colomac (10 holes for 6,433 metres) and Treasure Island (three holes for 1,186 metres) have been received and returned significant results at both locations.

Richard Roy, vice-president, exploration, commented: “We are pleased to report on the remaining 2020 drill results at Colomac and Treasure Island. Treasure Island encountered high-grade results, where hole T20-09 returned 207.18 grams per tonne gold over 5.5 metres, including a single assay of 2,260 g/t Au over 0.5 metre. Consistent higher grade at Treasure Island remains to be demonstrated by drilling. With these recent Treasure Island results now in hand, all results to date will be compiled, analyzed and modelled in order to establish its potential to add higher-grade mineralization to the global resource base.

“The Colomac results illustrate the potential for resource growth at depth; however, drilling in 2021 will focus on further delineation of near-surface mineralization in an effort to increase the in-pit resources. The potential at depth on Colomac remains very significant, but quality near-surface targets remain untested at Colomac and will be prioritized in 2021.”

Colomac:

  • Hole C20-07C was completed at zone 3.5 and returned 3.00 grams per tonne gold over 32.7 metres, supporting the continuity of the higher-grade mineralization previously obtained at depth.
  • Holes C20-14 and C20-17(17B) tested zone 2.5 at depth. Although no extensively wide intervals were obtained, hole C20-17, did return a high-grade interval of 12.36 g/t Au over 4.3 m (26.08 g/t Au uncut) including a 0.5 m sample assaying 218.00 g/t Au.
  • Holes C20-15(15B), C20-16, C20-18(18B) and C20-20 were drilled on zone 1.5 testing the depth extension of the mineralization. Significant intervals were obtained, particularly in holes C20-18B, which returned 1.67 g/t Au over 61 m (1.72 g/t Au uncut), and C20-20 returned 2.44 g/t Au over 30.25 m. These results demonstrate that zone 1.5 remains wide and well mineralized at depth, adding to the resource potential within this zone.
  • Hole C20-19 tested zone 2.0 and returned a wide intersection of 1.03 g/t Au over 64.1 m, including 2.88 g/t Au over 7.5 m. Drilling at zone 2.0 continues to encounter both extensive widths and higher-grade intervals within the mineralization.

Treasure Island:

  • The remaining three holes completed at Treasure Island (Main zone), returned significant higher-grade gold mineralization at depth, including:
    • Hole T20-07 returned 5.62 g/t Au over 3.3 m.
    • Hole T20-09 returned 4.65 g/t Au over 2.05 m and 207.18 g/t Au over 5.5 m (uncut), including a single assay result of 2,260 g/t Au over 0.5 m.
    • Hole T20-10 returned 37.59 g/t Au over 2.35 m (uncut) including a single sample of 0.5 m which assayed 80.75 g/t Au.

Note

Assay results for Colomac are cut at 50 g/t Au as per parameters identified within the 2021 mineral resource estimate. No cutting is applied to Treasure Island holes. Lengths are reported as core lengths. True widths vary depending on drill hole dip.

                           COLOMAC DRILL RESULTS -- SUMMARY TABLE  

Hole ID         From        To     Core length     Gold grade (cut at 50)     Gold grade (uncut)
                 (m)       (m)             (m)                      (g/t)                  (g/t)

C20-07B        49.70     50.40            0.70                       1.38                      -
C20-07C       168.00    169.00            1.00                       1.04                      -
C20-07C       174.00    175.00            1.00                       1.42                      -
C20-07C       188.00    189.00            1.00                       1.14                      -
C20-07C       210.00    210.50            0.50                       1.92                      -
C20-07C       212.90    213.90            1.00                       3.33                      -
C20-07C       259.20    259.90            0.70                       1.18                      -
C20-07C       265.50    269.30            3.80                       3.21                      -
C20-07C       560.50    561.00            0.50                      17.60                      -
C20-07C       563.60    564.30            0.70                       1.10                      -
C20-07C       569.10    601.80           32.70                       3.00                      -
C20-07C       602.50    603.00            0.50                       1.40                      -
C20-07C       610.80    614.90            4.10                       1.45                      -
C20-07C       617.00    617.70            0.70                       1.04                      -
C20-07C       633.20    633.90            0.70                       1.11                      -
C20-07C       642.10    646.70            4.60                       5.26                      -
C20-07C       665.20    687.00           21.80                       3.01                      -
C20-07C       696.30    697.00            0.70                       2.09                      -
C20-07C       715.90    716.60            0.70                       8.28                      -
C20-07C       726.40    727.10            0.70                       4.77                      -
C20-07C       733.05    742.70            9.65                       1.93                      -
C20-14        339.75    340.50            0.75                       2.50                      -
C20-14        411.75    419.25            7.50                       1.18                      -
C20-14        430.50    431.25            0.75                       1.30                      -
C20-14        438.75    439.50            0.75                       2.59                      -
C20-14        476.25    477.00            0.75                       1.37                      -
C20-14        488.25    502.00           13.75                       1.61                      -
C20-14        516.00    517.00            1.00                       1.83                      -
C20-15B       512.50    513.25            0.75                       1.05                      -
C20-15B       514.75    515.35            0.60                       9.04                      -
C20-15B       525.40    535.50           10.10                       1.63                      -
C20-15B       544.30    544.80            0.50                       1.04                      -
C20-15B       559.25    559.95            0.70                       1.90                      -
C20-15B       561.85    562.35            0.50                       1.39                      -
C20-15B       566.15    567.45            1.30                       3.45                      -
C20-15B       576.25    576.75            0.50                       5.04                      -
C20-15B       583.05    592.20            9.15                       1.64                      -
C20-16        651.60    658.60            7.00                       1.72                      -
C20-16        680.80    681.50            0.70                       2.90                      -
C20-16        688.90    689.60            0.70                       1.56                      -
C20-17        254.85    259.15            4.30                      12.36                  26.08
including     255.35    255.85            0.50                          -                 218.00
C20-17        280.20    280.90            0.70                       2.71                      -
C20-17        297.35    305.90            8.55                       1.07                      -
C20-17        330.90    331.60            0.70                       1.62                      -
C20-17B       362.90    363.40            0.50                       1.63                      -
C20-17B       387.40    388.10            0.70                       1.42                      -
C20-17B       439.90    440.60            0.70                       5.28                      -
C20-18B       399.95    400.70            0.75                       1.79                      -
C20-18B       470.00    470.50            0.50                          -                  75.60
C20-18B       477.10    477.60            0.50                       4.59                      -
C20-18B       489.70    490.20            0.50                      27.80                      -
C20-18B       518.00    518.70            0.70                       1.16                      -
C20-18B       531.55    532.05            0.50                       1.01                      -
C20-18B       533.25    533.75            0.50                       1.32                      -
C20-18B       534.45    535.00            0.55                       1.31                      -
C20-18B       555.50    566.60           11.10                       1.65                      -
C20-18B       585.30    585.80            0.50                       2.67                      -
C20-18B       597.30    598.00            0.70                       1.10                      -
C20-18B       600.80    609.20            8.40                       2.65                      -
C20-18B       618.30    619.30            1.00                       2.13                      -
C20-18B       620.30    620.80            0.50                       1.27                      -
C20-18B       628.70    639.80           11.10                       2.05                      -
C20-18B       643.80    644.30            0.50                       3.65                      -
C20-18B       649.30    649.80            0.50                       1.43                      -
C20-18B       650.30    651.00            0.70                       2.06                      -
C20-18B       653.60    654.60            1.00                       1.43                      -
C20-18B       655.10    655.80            0.70                       1.90                      -
C20-18B       659.10    720.30           61.20                       1.67                   1.72
C20-18B       728.10    728.60            0.50                       1.51                      -
C20-18B       729.80    731.20            1.40                       1.87                      -
C20-18B       732.60    733.30            0.70                       1.21                      -
C20-18B       745.20    745.90            0.70                       2.39                      -
C20-19        414.00    478.10           64.10                       1.03                      -
including     446.20    453.70             7.5                       2.88                      -
C20-19        490.60    491.10            0.50                       3.51                      -
C20-19        495.50    496.20            0.70                       4.23                      -
C20-19        498.80    499.30            0.50                       1.42                      -
C20-19        500.30    501.00            0.70                       1.27                      -
C20-20        448.85    479.10           30.25                       2.44                      -
C20-20        483.80    484.50            0.70                       1.60                      -
C20-20        492.60    517.50           24.90                       1.49                      -
C20-20        524.50    525.20            0.70                       2.50                      -
C20-20        531.50    532.20            0.70                       1.31                      -
C20-20        540.30    621.50           81.20                       1.48                   1.54
C20-20        639.70    678.10           38.40                       1.46                      -
C20-20        689.10    689.60            0.50                       1.95                      -
C20-20        690.30    691.00            0.70                       2.18                      -
C20-20        693.60    694.10            0.50                       5.47                      -
C20-20        696.30    696.80            0.50                       1.57                      -
C20-20        698.70    700.80            2.10                       1.33                      -
C20-20        711.10    711.60            0.50                       1.89                      -
C20-20        712.10    712.60            0.50                       1.00                      -
C20-20        713.10    713.60            0.50                       2.69                      -
C20-20        715.30    716.00            0.70                       1.93                      -
C20-20        720.90    722.10            1.20                       1.07                      -
C20-20        723.50    724.90            1.40                       2.75                      -
C20-20        726.70    727.40            0.70                       2.74                      -
C20-20        742.00    742.70            0.70                       2.37                      -
     
Note: Assay results for Colomac are cut at 50 g/t Au as per 
parameters identified within the 2021 mineral resource estimate. 
Lengths are reported as core lengths. True widths vary depending 
on drill hole dip.

    TREASURE ISLAND (MAIN ZONE) DRILL RESULTS -- SUMMARY TABLE
 
Hole ID           From            To      Core length       Gold grade
                   (m)           (m)              (m)            (g/t)

T20-07          194.40        195.10             0.70             1.85
T20-07          212.00        225.35            13.35             1.31
T20-07          235.65        239.40             3.75             1.46
T20-07          274.20        277.50             3.30             5.62
T20-07          329.00        343.70            14.70             1.98
T20-07          352.10        362.60            10.50             1.47
T20-07          365.35        365.85             0.50             1.65
T20-07          383.90        384.45             0.55             7.73
T20-09           93.60         94.20             0.60             2.88
T20-09          109.90        110.40             0.50             1.87
T20-09          124.20        124.90             0.70             1.56
T20-09          129.80        131.85             2.05             4.65
T20-09          171.00        175.20             4.20             2.48
T20-09          185.10        185.80             0.70             5.24
T20-09          264.60        270.10             5.50           207.18
including       269.10        269.60             0.50         2,260.00
T20-10           40.00         41.00             1.00             1.22
T20-10           56.00         56.50             0.50            80.60
T20-10          187.30        188.00             0.70             1.53
T20-10          196.40        197.10             0.70             1.20
T20-10          202.00        202.70             0.70             1.05
T20-10          225.80        226.50             0.70             2.21
T20-10          230.00        230.70             0.70             1.50
T20-10          249.20        251.55             2.35            37.59
including       250.55        251.05             0.50           161.50
T20-10          267.20        278.90            11.70             3.01
T20-10          283.30        283.80             0.50             4.24
T20-10          284.30        284.80             0.50             1.33
T20-10          287.20        287.90             0.70             1.51
T20-10          296.45        299.95             3.50             3.26
T20-10          308.95        309.45             0.50             1.40
T20-10          314.60        319.50             4.90             1.11
T20-10          323.30        323.90             0.60             1.60
T20-10          384.90        385.60             0.70             1.14
  
Note: All lengths are reported as core lengths. 
True widths vary depending on drill hole dip.

Qualified person

Richard Roy, PGeo, vice-president, exploration, of Nighthawk, who is the qualified person as defined by NI 43-101 for this project, has reviewed and approved of the technical disclosure contained in this news release.

Technical information

Nighthawk has implemented a quality control program to comply with best practices in the sampling and analysis of drill core. Drill core samples were transported in security-sealed bags for analyses at the ALS laboratory in Vancouver, B.C. ALS Global is an ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) 17025-accredited laboratory. Pulp and metallics assaying for gold was conducted on the entire pulverized sample.

As part of its QA/QC program, Nighthawk inserts external gold standards (low to high grade) and blanks every 20 samples in addition to the standards, blanks and pulp duplicates inserted by ALS Global.