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ME / Moneta merging with NHK / Nighthawk Gold


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ME / Moneta merging with NHK / Nighthawk Gold

NHK / Nighthawk Gold

Indin Lake gold property (five deposits within the Colomac area and the Damoti Lake deposit within the Damoti Lake area)

NHK from 2016: 3yr: 1yr: 10d ... Updating 2018 chart from below : yesterday: C$1.20 +0.15

( i bought in again recently around $1.05)

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About Nighthawk Gold Corp. / March 2021

Nighthawk is a Canada-based gold exploration company with 100-per-cent ownership of a district-scale land position within the Indin Lake greenstone belt, located approximately 200 km north of Yellowknife, NWT. Nighthawk has advanced its flagship asset Colomac, outlining a robust project with current indicated resources of 25.89 million tonnes with an average grade of 2.01 g/t Au for 1.67 million ounces of gold and inferred resources of 5.71 million tonnes with an average grade of 2.03 g/t Au for 370,000 ounces of gold, with the majority of ounces contained within an underground resource. Near-term resource expansion opportunities exist proximal to the current resources, and additional upside exists throughout the plus-seven-kilometre strike length of the host quartz diorite with a substantial opportunity at depth where the true width is known to expand significantly across a 3.5 km long section.

The company has identified a number of high-priority targets all centred around a growing multimillion-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 to 24 months will be to carry out aggressive exploration to support mineral resource expansion opportunities as well as to foster new, near-surface discoveries that support the global mineral resource base.

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

Early post on NHK was on GZZ thread:

NHK / Nighthawk Gold ... update : Jun 13, 2018 Nighthawk Reports 24.4% Increase to 2.61 Million Inferred Ounces of Gold at Colomac Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX:NHK ) (OTCQX: MIMZF) is pleased to report an updated Inferred Mineral Resource estimate, of

NHK / Nighthawk Gold ... update : 2.6Million inferred oz at Colomac

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Jun 13, 2018

Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX: NHK) (OTCQX: MIMZF) is pleased to report an updated Inferred Mineral Resource estimate, of 50.305 million tonnes with an average grade of...

Macquarie Research: Outperform rating & $1.20 target for NHK

Edited by drbubb
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(have traded in & out of this over the years):

WATCHING these closely again today...  having sold half of my NHK for an approx 25% gain

GDXJ - etc ... : +ugld : 10d : // note: NHK.t price on 12/20/18 was about C$2.25

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Edited by drbubb

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NHK Drill results helped to push up the stock by 15 cents yesterday to $1.20

==

2021-04-05 07:09 C:NHK 1.01 News Release Nighthawk drills 32.7 m of three g/t Au at Indin
2021-03-31 14:04 C:NHK 0.98 News Release Nighthawk files technical report for Indin Lake
2021-03-31 12:20 C:NHK 0.97 SEDAR Annual Information Form SEDAR Annual Information Form
2021-03-31 12:20 C:NHK 0.97 SEDAR Audited Annual Financial Statements SEDAR Audited Annual Financial Statements
2021-03-31 12:20 C:NHK 0.97 SEDAR MD & A SEDAR MD & A
2021-03-22 08:12 C:NHK 1.04 News Release Nighthawk Gold arranges $10.95-million financing
2021-03-11 09:13 C:NHK 1.07 News Release Nighthawk Gold hopes to complete Tlicho Highway by fall

==

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

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.

> MORE:

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  • 10 months later...

NHK / Nighthawk ... 5yr: 2yr: 1yr... w/UGL / Last: $0.91 +0.11, +13.8%

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. w/UGL /

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Mine

Nighthawk boosts in-pit gold resources 174% at Indin Lake

Kitco News |

(Kitco News) - Nighthawk Gold (TSX: NHK) announced today a significant increase in pit-constrained and global resources for its 100%-owned, district-scale Indin Lake gold property, located 200 km north of Yellowknife, Northwest Territories, Canada.

According to the report, OP Indicated mineral resource estimates increased 121% to 2,062,400 gold ounces compared to the 2021 Estimate of 933,400 gold ounces, reflecting a decrease in the estimated average grade to 1.38 g/t Au as compared to 1.62 g/t Au for the 2021 Estimate.

OP Inferred mineral resource estimates increased 1,400% to 601,000 gold ounces compared to the 2021 Estimate of 40,100 gold ounces, reflecting an increase in the estimated average grade to 2.39 g/t Au as compared to 1.68 g/t Au for the 2021 Estimate.

Overall, OP Indicated and Inferred resources at Indin Lake increased 174%, from 973,500 ounces in the 2021 Estimate to 2,663,400 ounces in the 2022 Estimate.

MktCap : C$0.91 x 86.2 M = C$ 78.44 M / 1.27 = $ 61.8 M / 2.06m shs = $30 per Oz. - a cheap option on Gold !
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  • 1 year later...
Mine : NHK= 0.42 Moneta shares

Nighthawk and Moneta merge to create a leading Canadian gold developer

Kitco News | 02:24PM

(Kitco News) - Nighthawk Gold (TSX: NHK) (OTCQX: MIMZF) and Moneta Gold (TSX: ME) (OTCQX: MEAUF) today announced at-market merger to create a leading Canadian gold development company.

According to the arrangement agreement, Moneta will acquire all of the issued and outstanding common shares of Nighthawk in exchange for common shares of Moneta by way of a plan of arrangement.

Pursuant to the terms of the arrangement agreement, Nighthawk shareholders will receive 0.42 Moneta shares (on a pre-Moneta consolidation basis) for each Nighthawk share held.

According to a news release, existing Nighthawk and Moneta shareholders will own approximately 34% and 66%, respectively, of MergeCo on a fully diluted in-the-money basis (prior to the completion of the concurrent financing).

In connection with the transaction, Nighthawk has entered into an agreement with the underwriters as part of the concurrent financing for gross proceeds to MergeCo of C$12.5 million.

The net proceeds of the concurrent financing are expected to be used by MergeCo to fund the exploration and advancement of the Tower gold project and Colomac gold project and for working capital and general corporate purposes.

"We believe the transaction presents an exciting opportunity to create a leading gold development company by bringing together two cornerstone assets in Canada. The combined company will benefit from a strong balance sheet, led by a skilled leadership team, and a high-quality portfolio anchored by two robust, large-scale assets in established and emerging mining camps," the companies said in a joint statement.

Nighthawk is a Canadian-based gold exploration and development company with control of 947 km2 of district scale property located north of Yellowknife, Northwest Territories, Canada. The company's flagship asset is the Colomac gold project.

The Colomac PEA demonstrated the project's potential for 290,000oz/year operation over 11.2-year conceptual mine life that could generate a C$1.2 billion NPV5% and 35% IRR (after taxes) based on a US$1,600/oz gold price assumption.

Moneta is a Canadian-based gold exploration company whose primary focus is on advancing its 100% wholly owned Tower gold project, located in the Timmins region of Northeastern Ontario, Canada's most prolific gold producing camp.

The Tower PEA study outlined a combined open pit and underground mining and a 7.0 million tonne per annum conventional leach operation over a 24-year mine life, with 4.6 Moz of recovered gold, generating an after-tax NPV5% of $1,066M, after-tax IRR of 31.7%, and a 2.6-year payback at a gold price US$1,600/oz.

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  • webmaster changed the title to ME / Moneta merging with NHK / Nighthawk Gold

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