Results of the preliminary economic assessment1 for the Colomac Gold Project suggest the potential for a C$1.2 billion after-tax net present value @ 5% discount rate and 35% after-tax internal. | April 26, 2023
Nighthawk Gold Corp: Nighthawk Enters Into Option Agreement To Acquire the Kim & Cass Property, Located 15KM Southwest of Colomac
Nighthawk or the
Company ) (TSX:NHK)(OTCQX:MIMZF) is pleased to announce that it has entered into a binding option agreement (the
Option Agreement ), with Geomark Exploration Ltd., (
Geomark ) a wholly-owned subsidiary of Pine Cliff Energy Ltd., to acquire a 100% undivided leasehold interest in four (4) contiguous mining leases (the
Kim & Cass
Property , a total of 7,588 acres (31km
2) that incorporate the historic Kim and Cass zones), immediately adjacent to Nighthawk s Indin Lake Gold Property, Northwest Territories, Canada.
The Kim & Cass Property is an integral part of Nighthawk s consolidation strategy and represents an important piece of ownership that provides contiguity to the main claim group with the Albatross claim block (Figure 1). Nighthawk believes that the historic Kim and Cass zones and the 4km-long Albatross trend (with sur