Nighthawk Reports Additional Results at Cass and Intersects a New Mineralized Zone at Albatross

Cass Hole CM21-36 returned 3.21 g/t Au over 20.50 m and CM21-37 returned 5.08 g/t Au over 9.00 m
Albatross Discovery Hole A21-02 returned 1.37 g/t Au over 14.00 m

TSX: NHK 

TORONTO, Dec. 1, 2021 /CNW/ - Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX: NHK) (OTCQX: MIMZF) is pleased to report assay results for twenty-nine (29) drillholes (totaling 5,269 metres) at the western extension of the Cass Zone ("Cass"), located approximately 15km southwest of the Colomac Centre. The Company is also very pleased to announce a new gold intersection at the greenfield Albatross Target ("Albatross"), and reports assay results for twelve (12) drillholes (totaling 4,059 metres).

Figure 1 – Plan View of Albatross Drilling (CNW Group/Nighthawk Gold Corp.)

Figure 2 – Plan View of Cass Drilling (Western Extension) (CNW Group/Nighthawk Gold Corp.)

Figure 3 – Cass Zone (Western Extension) Cross Section – Drill Hole CM21-22; CM21-36 (CNW Group/Nighthawk Gold Corp.)

Drilling at Cass (Figure 1 and 2) tested the western extension of the known historical mineralization. Two distinct lenses within the favourable host were identified, encountering higher grades and good widths locally. These new lenses added a combined 250 metres ("m") of mineralization and may be indicative of other potential lenses that may exist further west and to the north where additional drilling is warranted.

Drilling at Albatross consisted of widely spaced drillholes to test the possible continuation of the Cass trend over a strike length of 4.6km west of the Cass Zone, (Figure 1). Drilling at this greenfield target aimed to identify favourable rock types, alteration and mineralization along strike and below existing surface grab samples (which ranged up to 20.60 g/t Au), with one notable intersection demonstrating significant alteration and mineralization over good widths and confirmed the existence of a new mineralized zone.

Keyvan Salehi, President & CEO commented "We are very pleased with the results received to-date from this highly prospective area.  Drilling has added an additional 250 m of near-surface mineralization which is expected to significantly impact the resource at Cass and demonstrates that the Cass trend extends well into Albatross with some exceptional gold values. This area continues to impress especially when you take into consideration, the potential for other mineralized lenses, and that Cass remains open to the west, coupled with the discovery of new mineralization within the Albatross target area (approximately 1km west of Cass). We are encouraged that additional drilling in this area could potentially uncover new mineralized zones that carry higher grades than the current camp average, and hence deliver quality ounces to the project."

Highlights of Cass West and Albatross Drilling Results

• Drilling at Cass extends mineralization by 250 m further to the west, from two distinct lenses within the favourable host (Figure 2), as highlighted by:
  
  
• Hole CM21-36 (set up immediately below hole CM21-22) returned 3.21 grams per tonne gold ("g/t", "Au") over 20.50 m (Figure 3);
• Hole CM21-37 returned a high-grade interval of 5.08 g/t Au over 9.00 m;
• Hole CM21-22 returned 1.49 g/t Au over 32.00 m including a higher-grade portion of 3.37 g/t Au over 10.50 m (Figure 3); and
• Hole CM21-19 returned 1.47 g/t Au over 23.75 m and hole CM21-34 returned 1.09 g/t Au over 30.00 m, including 2.89 g/t Au over 7.00 m, within the westernmost lens.
• Follow-up drilling next year will test the potential for additional lenses to the north and further to the west.
  
• A new intersection from greenfield exploration at Albatross uncovers new mineralization and clearly demonstrates that the Cass trend extends well into Albatross.
  
  
• Hole A21-02 returned 1.37 g/t Au over 14.00 m, including a higher-grade portion returning 5.37 g/t Au over 2.00 m.

Additional results remain pending from a series of deeper holes drilled below the central Cass zone. The Albatross discovery demonstrates the gold potential proximal to the Kim and Cass zones and could eventually contribute to the near-surface resources of the project. Follow-up drilling in this area is anticipated and will be planned once all results are processed in preparation for the 2022 drill program.

Cass Drilling (Western Extension)
A total of twenty-nine (29) drillholes totaling 5,269 metres tested the western extension of the Cass mineralization as identified by historical drilling. Results reported today identified two distinct lenses within the favourable host that appear either offset towards the north or following an en-echelon geometry (Figure 1 and 2). Higher grades and good widths were demonstrated by holes CM21-22 which returned 1.49 g/t Au over 32.00 m, including 3.37 g/t Au over 10.50 m, CM21-36 which returned 3.21 g/t Au over 20.50 m, and CM21-37 which returned 5.08 g/t Au over 9.00 m. These two new lenses have added a combined 250 m of mineralization and the en-echelon stacking may point to other possible lenses further west and north of the current holes.

Albatross
At Albatross, twelve (12) widely spaced drillholes totaling 4,059 m were drilled to test the Cass trend (previously referred to as the Albatross trend which has now been confirmed as a continuation of the Cass trend) over a strike length of 4.6km to the west of Cass (Figure 1). The objective of this first pass of scout holes was to identify favourable rock types, alteration, and mineralization along strike and below existing surface grab sample results obtained from previous surface exploration work ranging up to 20.60 g/t Au. One notable intersection demonstrated significant alteration and mineralization over good widths. Hole A21-02 intersected a sheared and mineralized mafic volcanic hosting significant quartz veining over 14.00 m. Assays from this zone returned 1.37 g/t Au over 14.00 m, including a higher-grade portion which returned 5.37 g/t Au over 2.00 m at the lower contact of the zone. Hole A21-02 is located 1km west of Cass and remains open in all directions.

The Cass trend extension on Albatross also returned significant gold values in holes A21-07 and A21-08 located more than 2km west of hole A21-02. Although not as wide as the discovery hole, these intersections validate the Cass trend model as an important mineralized corridor. Additional drilling is required to prove out this area and its full potential, but early indications demonstrate a highly mineralized area with a lot of room for additional growth both along strike and potentially to depth.

Table 1 – Cass Zone (Western Extension) & Albatross Target – Summary Table

Hole ID	Interval (m)		Core Length (m)	Gold Grade (g/t)
	From	To
Cass Zone (Western Extension)
CM21-05	82.00	84.00	2.00	1.69
CM21-11	87.00	88.00	1.00	0.73
	101.00	103.00	2.00	2.99
	118.00	119.00	1.00	0.87
CM21-13	110.00	111.00	1.00	0.83
CM21-14	71.00	72.00	1.00	2.65
	84.00	85.00	1.00	2.14
	87.00	88.00	1.00	0.90
CM21-16	8.00	16.00	8.00	0.89
CM21-17	106.00	107.00	1.00	2.65
	123.00	124.00	1.00	2.66
CM21-19	24.25	48.00	23.75	1.47
CM21-20	24.00	53.00	29.00	0.87
including	35.00	42.00	7.00	1.97
CM21-21	74.00	75.00	1.00	0.61
	95.00	96.00	1.00	1.24
	102.15	102.65	0.50	0.86
	114.00	116.50	2.50	1.35
	125.00	126.00	1.00	3.10
	199.00	200.00	1.00	1.29
CM21-22	68.00	100.00	32.00	1.49
including	68.50	79.00	10.50	3.37
CM21-23	58.00	59.00	1.00	20.58
CM21-24	74.00	75.00	1.00	1.01
CM21-26	50.00	52.00	2.00	1.47
CM21-27	156.00	156.50	0.50	0.76
CM21-29	160.80	161.30	0.50	1.29
	214.00	215.00	1.00	1.78
CM21-30	116.00	117.00	1.00	1.35
	163.00	169.00	6.00	0.97
	214.00	217.00	3.00	0.74
CM21-32	74.00	75.00	1.00	0.87
CM21-33	86.00	89.00	3.00	4.65
	104.00	105.00	1.00	0.69
CM21-34	11.00	41.00	30.00	1.09
including	17.00	24.00	7.00	2.89
	57.00	58.00	1.00	0.56
	62.00	67.00	5.00	1.15
	71.50	72.00	0.50	1.14
CM21-35	55.00	56.00	1.00	1.16
CM21-36	54.00	55.00	1.00	0.68
	100.00	120.50	20.50	3.21
CM21-37	26.50	27.00	0.50	0.99
	35.00	44.00	9.00	5.08
	51.00	54.00	3.00	0.63
	77.00	78.00	1.00	1.69
CM21-38	31.00	38.25	7.25	0.87
	43.00	47.00	4.00	0.52
	79.00	80.00	1.00	0.60
	87.00	96.00	9.00	1.20
	117.50	118.50	1.00	3.02
	129.00	146.00	17.00	1.51
Albatross
A21-02	195.00	197.00	2.00	1.24
	208.00	222.00	14.00	1.37
including	220.00	222.00	2.00	5.37
A21-03	123.00	124.00	1.00	2.99
A21-04	73.00	74.00	1.00	1.83
	129.00	130.00	1.00	0.71
A21-07	319.00	322.00	3.00	1.79
A21-08	190.55	194.55	4.00	1.08

Note: True widths remain undetermined at this stage. All assays are uncut. Further
statistical analysis will be required prior to establishing a suitable cut grade.

Zone/ Target Area	BHID	Easting	Northing	Elevation	Length	Azimuth	Dip
Cass	CM21-05	580749	7131021	332	150	144	-50
Cass	CM21-07	580789	7130969	331	246	144	-50
Cass	CM21-11	580832	7131080	335	174	144	-50
Cass	CM21-13	580870	7131027	339	150	144	-50
Cass	CM21-14	581156	7131134	354	213	140	-51
Cass	CM21-15	580911	7130974	334	180	144	-50
Cass	CM21-16	581186	7131110	353	172	140	-50
Cass	CM21-17	580872	7131109	337	150	144	-50
Cass	CM21-18	581217	7131071	349	102	140	-50
Cass	CM21-19	580908	7131060	342	171	144	-50
Cass	CM21-20	581146	7131078	348	150	140	-50
Cass	CM21-21	581135	7131091	349	204	140	-63
Cass	CM21-22	581114	7131040	343	144	140	-55
Cass	CM21-23	581070	7131011	339	150	144	-54
Cass	CM21-24	581016	7131002	338	144	144	-47
Cass	CM21-25	581015	7131003	338	80	145	-69
Cass	CM21-26	580933	7131119	342	252	145	-50
Cass	CM21-27	580819	7131268	346	303	145	-50
Cass	CM21-28	580961	7131163	347	252	145	-50
Cass	CM21-29	581057	7130852	340	240	325	-51
Cass	CM21-30	581030	7130810	343	277	324	-50
Cass	CM21-31	580949	7130754	345	336	323	-51
Cass	CM21-32	580924	7131098	342	147	142	-46
Cass	CM21-33	580904	7131080	341	180	141	-56
Cass	CM21-34	580895	7131047	341	156	140	-63
Cass	CM21-35	581096	7131021	341	114	140	-55
Cass	CM21-36	581112	7131041	343	156	140	-68
Cass	CM21-37	581136	7131051	345	111	139	-50
Cass	CM21-38	581136	7131051	345	165	139	-70
Albatross	A21-01	580326	7130911	328	366	160	-50
Albatross	A21-02	580167	7130874	322	351	159	-50
Albatross	A21-03	579307	7130399	320	471	179	-50
Albatross	A21-04	579341	7130408	329	393	147	-50
Albatross	A21-05	578799	7130243	320	246	160	-50
Albatross	A21-06	579315	7130050	335	363	180	-51
Albatross	A21-07	578054	7130082	343	354	160	-51
Albatross	A21-08	577964	7130036	351	309	160	-50
Albatross	A21-09	577066	7129429	331	372	328	-49
Albatross	A21-10	577192	7129219	356	300	150	-50
Albatross	A21-11	577126	7129332	355	198	329	-51
Albatross	A21-12	577113	7129355	351	336	150	-50

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 Global Assay Laboratory in Vancouver, BC ("ALS Global"). ALS Global is an ISO/IEC 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.

Qualified Person
Richard Roy P.Geo., 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. 

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 under explored Archean gold camp, the Company has identified a number of high-priority targets all centred around a growing deposit. These targets lie within large regional deformation zones that contain gold mineralization which warrant additional exploration and follow-up. The main goals and objectives over the next 6-12 months will be to carry out exploration to foster resource expansion opportunities as well as new, near-surface discoveries that support the global mineral 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 advance its near-term goals and objectives.

Neither 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 initiatives including the assumption on determining resources, and in particular the ability to grow the size of the in-pit resources. 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, 2020, available on 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.

NIGHTHAWK GOLD CORP., Tel: [phone], Email: [email protected], Website: www.nighthawkgold.com; Keyvan Salehi, President & CEO; Michael Leskovec, CFO; Suzette N Ramcharan, VP, Corporate Development

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