Post on 01-Oct-2020
TSX: NHK
Developing Canada’s Next Gold Camp
BMO Capital Markets27th Annual Global Metals & Mining Conference
Westin Diplomat, Florida
February 24‐27, 2018
TSX: NHKOTCQX: MIMZF
TSX: NHK
FORWARD‐LOOKING INFORMATIONThis presentation contains “forward‐looking statements” within the meaning of applicable United States securities legislation and “forward‐looking information” within the meaning ofapplicable Canadian securities legislation, together “forward‐looking information”. This forward‐looking information is made as of the date of this presentation and Nighthawk Gold Corp.(“Nighthawk”, or “NHK”) does not intend, and does not assume any obligation, to update the forward‐looking information.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are notstatements of historical fact and may be “forward‐looking information”. Forward looking information in this presentation includes, but is not limited to, statements with respect to: plannedexploration activities, the results and success of such activities and the timing thereof; completion of additional metallurgical results, the timing and results thereof; preparation and filing ofan updated NI 43‐101 technical report and the timing thereof; and potential acquisitions and expenditures associated with such. Forward‐looking information involves known and unknownrisks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance orachievements expressed or implied by the forward‐looking information. Such factors include, among others, risks related to government regulation; actual results and success of exploration,development and production decision if any; changes in project parameters as to plans continue to be refined; the ability to enter into joint venture or to acquire or dispose of propertyinterests; fluctuations in the price of gold; accidents and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals or financing.
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 otherfactors 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 coulddiffer materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward‐looking information. Nighthawk does not undertake to updateany forward‐looking information, except in accordance with applicable securities laws.
Nighthawk does not intend, and does not assume any obligation, to update this forward‐looking information except as otherwise required by applicable law.
MINERAL RESOURCESThe Company has defined inferred mineral resources in accordance with National Instrument 43‐101 ‐ Standard of Disclosure for Mineral Projects (“NI 43‐101”) in respect of the Colomac GoldProject.
This presentation uses the term “inferred” mineral resources. United States investors are advised that while such term is recognized and required by Canadian regulations, the United StatesSecurities and Exchange Commission does not recognize it. “Inferred mineral resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility.It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may notform the basis of feasibility or other economic studies, except in limited circumstances. United States investors are also cautioned not to assume that all or any part of an inferred mineralresource exists, or is economically or legally mineable.
QUALIFIED PERSONSAll scientific and technical information relating to the Colmac Gold Project is based on and derived from the NI 43‐101 report entitled “Technical Report and Mineral Resource Estimate Updateon the Colomac Property of the Indin Lake Project, Indin Lake Belt, Northwest Territories, Canada” date of June 17, 2013. Technical report was prepared by Mr. Ian D. Trinder, M.Sc., P.Geo. ofA.C.A. Howe International Limited who is an independent “Qualified Person” under NI 43‐101. The full report is available from the Company’s corporate website www.nighthawkgold.com orunder the Company profile on SEDAR at www.sedar.com.
All scientific and technical information in this presentation has been reviewed and approved by Dr. Michael Byron, Ph.D., P.Geo., the Company’s President & CEO, who is the 'qualified person'for the purpose of NI 43‐101.
GENERAL AND ADDITIONAL INFORMATIONAdditional information regarding Nighthawk is filed under the profile of Nighthawk on the SEDAR website at www.sedar.com, and readers are advised to refer to such documents for further information.
All dollar amounts are in Canadian dollars unless otherwise denoted.
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Forward‐Looking Statement
TSX: NHK
• District scale land position – 899 km2 ‐3x the size of the Timmins Gold camp
• Vastly underexplored with numerous targets and showings identified
• Priority regional targets will be drill tested in 2018
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NHK Investment Highlights
• 2.1 Moz Inferred Resource 39.8Mt @ 1.64 gpt1
• 2014: High‐grade gold zone discovered
• Extremely positive metallurgy (96.5‐98.0%)
• 21,168m drilled in 2017
• H1 2018: updated NI 43‐101
Led by Dr. Michael Byron2
Founding member of Aurora Platinum, Lakeshore Gold and Falco Resources
1. Refer to appendix for NI 43‐101 mineral resource statement and notes
$27.6 MM Cash Balance• Management team with proven track record in successful exploration
• Diversified board with capital markets, mine building and political expertise
• Fully funded for the next 24 months
• Anchored by strategic investors: Kinross Gold Corporation, Osisko Royalties and McEwen Mining
Yellowknife
Northwest Territories
CANADA
INDIN LAKE GOLD PROPERTY Flagship Asset
Colomac Gold Project
100% Owned
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Mining in the NorthA Tier 1 jurisdiction for gold exploration
• Supportive Governments: Northwest Territory and First Nation
• Remarkable metal endowment
• Extensive mining history
• Well established support services
• Timely and efficient permitting process
Alaska
Yukon
Nunavut
NORTHWESTTERRITORIES
Known for its wealth of diamonds, NWT has mining potential that includes gold, lead, zinc, copper and iron ore.
Resources account for approximately 30% of the territories GDP. The NWT government is proactive in supporting the advancement of future projects.
With existing support services in place; supportive and integrated first nations government; and plans to improve upon an already superior permitting process, it is a great place to conduct exploration.
Northwest Territories (NWT)
Indin Lake Property
Approved all‐season road – construction to commence Q4/18
TSX: NHKOverview ‐ Indin Lake Gold Camp
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Vast and Underexplored Archean Gold Camp• 222,203 acres (899 km2) Indin Lake Property
• Numerous gold deposits and showings distributed throughout the camp
Echo Indin
Treasure Island/ JPK
Damoti Lake
Leta Arm
Colomac/Goldcrest/ Nice Lake Sill
Fishhook
4 Distinct Deposit Settings
Differentiated Mafic Sill
• Colomac• Goldcrest
Structure Related “Lode Gold”
• Leta Arm (includes historical North Inca & diversified mines)
• Echo Indin
Iron Formation Hosted
• Damoti Lake• Fishook• JPK
Brecciated Intrusion Hosted • Cass Deposit
Numerous Gold Showings and Targets within the IndinLake Gold Property
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Flagship Asset ‐ Colomac Gold Project
2.1 Moz. Inferred Resource (June, 2013)Includes: 39.8 Mt at 1.64 g/t Au1
• 5 deposits (Colomac, Goldcrest, Grizzly Bear, 24 & 27)
• Wide zones of near surface mineralization
• No royalties
Considerable Growth Potential• ~16 km long underexplored host rock
• Potential for multi‐million ounce resource
• Newly discovered high‐grade gold zone
• Newly discovered Nice Lake sill yet to be drilled
Excellent Preliminary Metallurgy • High recoveries of 96.5% to 98.0%3
• Amenable to standard gold recovery techniques
• No adverse materials detected
• Cyanide heap leach (bottle roll test) up to 81.8% gold recoveries
Low Discovery Costs• $8/Oz vs. industry average of <$32/Oz2
• Simple geometry results in a >97% hit rate
> 97% of Drill Holes Intersected Gold Mineralization
1. Refer to appendix for NI 43‐101 mineral resource statement and notes.2. Based on the 2013 NI 43‐101 3. See appendix for Metallurgical comparisons on the lower grade and higher grade material
TSX: NHKHigh‐Grade Potential: Kalgoorlie Analogue
Colomac Property Kalgoorlie
NWT Location Western Australia
~10km strike length Size >10km strike
length
~0.5 MozsGold
Production>60 Mozs
Archean Age Archean
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Both Deposits Share Similar Characteristics
• Deposits hosted by fractionated mafic intrusions within mafic volcanic rock stratigraphy
• Gold Concentrated within the more silica‐rich fractions (tops of sills)
• Location of high‐grade zones largely controlled by structure
0 2.5 5
km
KalgoorlieColomac
Using Kalgoorlie as an analogue assists with developing priority drill targets.
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Colomac Main Sill Longitudinal Section
1. Refer to press releases dated Dec/3/2014; Oct/26/2015; Oct/12/2016; and Sept/13, 2016.2. Refer to press release dated Oct/12/2012.3. Refer to press release dated Jun/20/20124. Refer to press release dated Sept/19/2012. 5. These results are historical in nature and Nighthawk has not independently verified the results.
Gold Occurs Throughout the Colomac Sill• The Colomac Main Sill is 9 km long, up to 160 m wide
• 2 km of untested ground to the south & 2 km underexplored ground between Zones 1.5 and 1.0
• Gold intersected down to 800 m
Resource Expansion Opportunities• Continue to expand high‐grade Zone 1.5 to depth
• Continue to test void between high‐grade Zones 1.5 and 2.0 –current strike length upwards of 400 m
• Continue drilling down‐plunge within high‐grade Zone 3.5
• Target other high‐grade zone possibilities (ex. Zone 1.0)
22.75 m @3.43 gpt Au4
203.40 m @2.49 gpt Au (down plunge)2
4.75 m @7.63 gpt Au 12.19 m @3.24 gpt Au (Historic, 1997)5
46.15 m @2.81 gpt Au3
89.10 m @1.52 gpt Au (2017)
7.32 m @2.98 gpt Au (Historic, 1997)5
55.95 m @ 1.09 gpt Au1
48.50 m @ 1.88 gpt Au (2017)Zone 1.5 intercepts152.50 m @7.78 gpt Au (2014)32.95 m @4.19 gpt Au (2015)52.07 m @7.72 gpt Au (2016)72.65 m @5.58 gpt Au (2016)23.70 m @4.78 gpt Au (2017)55.35 m @3.00 gpt Au (2017)22.70 m @6.68 gpt Au (2017)
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Zone 1.5 High‐grade Discovery – Cross SectionsHigh‐grade intercepts with true widths up to 50 m
C Zone 1.5 discovery hole
C Zone 1.5 additional drillingC Looking West
Drill Hole Assay Results
Hole C15‐06** 31.20 m @ 3.89 gpt
Hole C16‐03** 52.07 m @ 7.72 gpt
Hole C16‐03B** 72.65 m @ 5.58 gpt
**see press release dated Oct/26/2015; and Sept/13/2016
Drill Hole Assay Results
Hole C14‐06* 52.50 m @ 7.78 gptincl 21.0 m @ 16.73 gpt
*see press release dated Dec/03/2014
TSX: NHKPotential Widening of the Sill at DepthLower Grades with Very Large Widths
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Zone 1.5 mineralization appears to widen by up to 3 times in true width at depth. Additional drilling is planned for 2018 to validate the extent of widening along strike.
• Drilling tested Zone 1.5 to a vertical depth of ~850 m
• Shallower hole C17‐15B intersected 77.85m at 1.99 gpt (44.00 m true width)
• Hole C17‐15C, the steepest hole, intersected 235.05m at 0.99 gpt(88.00 m true width)
• Hole C17‐15C appears to have traversed the area west and behind the higher‐grade plunging core of Zone 1.5, effectively opening up vast new regions of mineralized sill.
*see press release dated Sept/18/2017
Cross Section of Zone 1.5 at Depth
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Zone 1.5 longitudinal section(looking west)
Drill Hole Assay Results
C14‐06* 52.5 m @7.78 gpt Au
C15‐04B 32.9 m @ 4.19 gpt Au
C15‐06 22.50 m @5.03 gpt Au
C16‐01 31.5 m @ 4.14 gpt Au
C16‐03 52.07 m @7.72 gpt Au
C16‐03B 72.65 m @5.58 gpt Au
C17‐02B 33.45 m @ 2.40 gpt Au
C17‐02C 24.3 m @ 4.19 gpt Au
C17‐04B 24.3 m @ 4.48 gpt Au
C17‐08 19.5 m @ 5.58 gpt Au
C17‐08B 10.40 m @ 7.48 gpt Au
C17‐12B 145.75 m @ 3.33 gpt Au
Including 21.65 m @ 5.53 gpt Au
Significant intersections are highlighted in yellow and are highlighted in the table below.
*Discovery hole
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Zone 2.0 and 1.0 Drilling at ColomacHighlights from 2017 Drilling
• Broad zones of mineralization with internal higher‐grade cores
• Best intercepts to date from Zone 1.0 (hole C17‐19) and Zone 2.0 (hole C17‐17B)
• Zone 2.0 extended further to the north and remains open
• Zone 1.0 appears to be widening at depth
• Will utilize all knowledge on controls for these high‐grade zones for future exploration along each of the sills
• New priority target identified
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Colomac High‐Grade Gold TargetsExploration Focus
• Structure influences location of high‐grade zones
• Base of sills define magnetic high trend ‐mag deviations/disruptions (possible cross cutting structure) are favourable sites for the development of high‐grade gold zones
• Fault related offsets in sill mark areas of interest
• Sill width increases between fault offset boundaries – potential broad zones of mineralization with internal higher‐grade cores
• High‐grade Zone 1.5 discovered based on this methodology – first occurrence of distinct high‐grade gold domains
• New priority targets identified
TSX: NHKGrizzly Bear Deposit – 2017 Drill Program
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At the end of the 2017 Drill Program, two holes tested the Grizzly Bear Deposit, part of the Colomac Gold Project
• While not a silicified competent sill like the Colomac and Goldcrest deposits, being brittle, it has the capacity to host higher grade mineralization.
• Drilling has confirmed the presence of higher grade mineralization at Grizzly Bear over significant widths and to new depths.
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E
G
District Scale Potential with 6 Initial Regional Targets
1. Refer to appendix for NI 43‐101 mineral resource statement and notes.2. These results are historical in nature and Nighthawk has not independently verified the results.
Colomac Gold Project ‐ 2.1 Moz @ 1.64 gpt Au Inferred1
• 26.0 m of 6.86 gpt Au
• 16.9 m of 6.08 gpt Au
• 11.75 m of 7.23 gpt Au
• 10.53 m of 63.48 gpt Au
• 11.25 m of 32.21 gpt Au
• 23.5 m of 13.91 gpt Au
• 238.43 m of 0.73 gpt Au ‐Incl. 29 m of 2.45 gpt Au
• Great prospecting results
• Never drilled
• 8.6 m of 14.21 gpt Au
• 13.55 m of 7.36 gpt Au
• 12.92 m of 5.44 gpt Au
• 3.50 m of 9.00 gpt Au
• 7.00 m of 2.77 gpt Au
B
D
F
A
F
C
B
D E
G A
Leta Arm Damoti Lake
Treasure Island JPK
Fishhook2 Echo‐Indin
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(Colomac Main Sill, Goldcrest Sill, Grizzly Bear, 24 & 27)
TSX: NHKLeta Arm Mineralized Corridor2011 Initial Drill Program
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Diversified Mine
Located within a well mineralized deformation zone up to 10 kilometres long and 500 metres wide that hosts several gold deposits and showings:
• >10 km strike length• 4 known gold deposits including two historical
gold mines (North Inca and Diversified)• High-grade gold within contact related silicified
zones - open along strike and at depth• Step out drilling intersected gold 450 m south
of Diversified and 800 m north of North Inca -#3 deposit extended over 200 m vertically
• 3 deposits believed part of same mineralized structure with similar gold grades, mineralized widths, general morphology, and in longitudinal section share the same orientation
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Leta Arm Drilling Highlights
Hole ID Core Length (metres)
Gold Grade (gpt) Deposit News Release
NI11‐01 23.00 1.82 North Inca East
Jun/15/2011
including 6.00 2.21 North Inca East
NI11‐02 26.00 6.86 North Inca East
including 3.45 44.34 North Inca East
DV11‐02C 11.75 7.23 Diversified
including 7.40 11.38 Diversified
NI11‐04 16.90 6.08 North Inca West
Sept/06/2011
Including 3.44 22.07 North Inca West
NI11‐04B 37.00 2.29 North Inca West
Including 16.50 4.20 North Inca West
Including 2.00 15.72 North Inca West
And 3.20 14.03 North Inca West
NI11‐04C 4.81 16.36 North Inca West
DV11‐09 3.00 65.35 #3
Nov/21/2011
And 5.20 12.90 #3
Including 2.85 22.12 #3
NI11‐06 5.50 8.84 North Inca West
Including 2.44 18.20 North Inca West
NI11‐07B 12.00 2.00 North Inca West
including 5.20 3.90 North Inca West
Hole NI17‐02 intersected 9.55metres (7.80 metre true width) of4.03 gpt Au, including 3.00 metresof 8.14 gpt Au;
Hole NI17‐01 intersected 13.20 metres (11.00 metre true width) of 2.24 gpt Au, including 8.50 metres (7.20 metre true width) of 3.24 gptAu;
Drilling to‐date confirms thepresence of an underexplored yetfertile and extensive land packagehosting multiple gold deposits andshowings;
Follow‐up drilling is planned as partof the 2018 exploration program.
2011 Drilling Highlights 2017 Drilling Highlights 1
1. See press release dated January 17, 2018.
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Key AdvancementsUPCOMING CATALYSTS OPPORTUNITIES
2017 regional prospecting and mapping results
Additional metallurgical results on the higher grade material at Colomac – Bottle Roll and Column Leach Test
2018 drilling campaign (planned 25,000 m)
2018 field exploration program (detailed mapping, bedrock sampling, geophysics)
Updated 43‐101 will incorporate:• ~25,000 m of drilling from 2013‐2016• 21,168 m of drilling from 2017• High‐grade mineralization (Zone 1.5)
2018 • Underground bulk mining option for Colomac high‐grade zones
• Potential heap‐leach opportunities for lower‐grade mineralization
• Indin Lake satellite deposits provide high‐grade feed opportunities to augment Colomac
• Progressive NWT government commitment to infrastructure development and mining
• 100% ownership of burgeoning gold camp
Q1
Q2
H1
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15%
9%
9%
3%
16%
43%
5%
Ownership Structure
Northfield Capital Corporation
Kinross Gold Corporation
Osisko Royalties
McEwen Mining
Institutional
Other Private Equity & Retail
Board / Management
Share Structure & Working Capital
Issued & Outstanding (basic) (Jan 31, 2017) 188.6
Options outstanding In‐the‐money Options (avg. strike price ‐ $0.48) 12.5
Warrants outstanding (expire Sept/2018)Broker warrants ($0.70)Warrants ($1.10)
0.815.9
Fully Diluted 217.7
Closing share price (C$) (February 21 , 2017) $0.62/share
Market capitalization (C$) (basic) $116.9
52 Week Low: $0.57 52 Week High: $1.15
Cash Balance (C$) (September 30, 2017) $27.6
Flow‐through (to be spent by December 2018) $10.4
Hard Dollars $17.2
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NHK Relative Share Price Performance
Note: Shown in 000s shares
Peer Group:Ascot, ATAC, Auryn, Eastmain, Falco, Treasury, Marathon, Moneta Porcupine, NewCastle, Probe Metals, Pure Gold
1. Market data as at February 21, 2017.Source: Bloomberg Financial Markets.
NHK Avg. Daily Volume1 (Over Various Periods)
Spot Gold GDX Index GDXJ Index
Nighthawk Peers
-
100
200
300
400
Aug-16 Nov-16 Feb-17 May-17 Aug-17 Nov-17 Feb-18
38%27%
(37%)(27%)
(1%)
Strategic Investment by Kinross
(C$7.2 mm, 9.4%)
331
240
206
175
2-Year 6 Month 3 Month YTD
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Directors & Officers
MANAGEMENTDr. Michael ByronPresident & CEO, Director• 30+ years experience in mineral exploration and senior
management
• Former VP Exploration for Lake Shore Gold Corp., Falco Resources Ltd., and Aurora Platinum Corp.
• Proven track record building gold and base metal resources
Michael LeskovecCFO• CPA with 15+ years of financial experience within public practice and
the mining industry
• VP, Northfield Capital
• Former Officer of Gold Eagle Mines Ltd
Suzette N. RamcharanVP, Corporate Development• 17+ years of experience with exploration, development and
producing companies in the precious metals space
• Previously worked with Kirkland Lake Gold Inc., St Andrew Goldfields Ltd., Gold Eagle Mines Ltd., and Gabriel Resources Ltd.
Luc Lessard• Mining engineer with
+25 year experience, including building the Canadian Malartic Mine
• Sr. VP, Technical Services of Osisko Gold Royalties and President & CEO of Falco Resources Ltd
Morris Prychidny• 35+years experience in
the mining and real‐estate industries
• Board member of numerous investment and mining companies
Brian Howlett• CPA with 25+ years of
experience in senior financial roles
• Proven track record of adding value to clients and employers
• Officer/Director experience with junior exploration companies
Brent Peters• 15+ years of experience
in the mineral exploration business
• VP, Finance of Northfield Capital, former CFO of Gold Eagle Mines Ltd
Ernie Eves• Former Premier of Ontario
• Former Ontario Minister of Finance
DIRECTORS
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Appendix
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Colomac NI 43‐101 Resource Estimate on the
Zone Tonnes Grade(g/t Au)
Contained Gold Ounces
Colomac North 6,963,000 1.24 276,900
Colomac Central 19,170,000 1.63 1,002,000
Colomac South 10,840,000 1.96 684,500
Goldcrest North 678,500 2.23 48,650
Goldcrest South 434,900 2.14 29,880
Sub Total 38,090,000 1.67 2,042,000
Grizzly Bear (Not Updated, No Change) 807,000 1.04 27,000
27 (Not Updated, No Change) 528,000 1.21 20,000
24 (Not Updated, No Change) 390,000 0.96 12,000
Sub Total 1,725,000 1.06 59,000
Total 39,815,000 1.64 2,101,000
Inferred Mineral Resource Estimate (Effective at June 17, 2013)
Notes:1. A block cut‐off value of 0.6 g/t Au was applied to all resource blocks.2. Tonnes and ounces have been rounded to reflect the relative accuracy of the mineral resource estimate; therefore numbers may not total correctly.3. Mineral Resources were calculated with commercial mining software.4. For 2013 updated Colomac and Goldcrest block models: Drill holes traces showing lithology and gold grade were reviewed in plan and cross section. Geological domains were created using Leapfrog Implicit Geological
Modeling Software. Assays with each domain were top cut to 31 g/t and then composited to regular 5ft intervals. Block model grade interpolation was undertaken using Ordinary Kriging (OK).5. For 2012 Grizzly Bear, 24 and 27 block models: Drill holes traces showing lithology and gold grade were reviewed in plan and cross section to generate mineralised domains. Assays with each domain were top cut to 31
g/t and then composited to regular 5ft intervals. Block model grade interpolation was undertaken using Multiple Indicator Kriging (MIK). Refer to Lee and Trinder (2012).6. The resource estimate was prepared by Leon McGarry, B.Sc., Geologist, ACA Howe and supervised by Ian Trinder, M.Sc., P.Geo., ACA Howe.7. Gold price is US$1500 per ounce.8. A default average specific gravity (SG) value of 2.7 has been used.9. Mineral Resource tonnes quoted are not diluted.10. No Measured or Indicated Resources or Mineral Reserves of any category are identified.11. Mineral resources are not mineral reserves and by definition do not demonstrate economic viability. This mineral resource estimate includes Inferred mineral resources that are normally considered too speculative
geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these Inferred mineral resources will be converted to the measured and indicated resource categories through further drilling, or into mineral reserves, once economic considerations are applied.
12. 1 troy ounce equals 31.10348 grams.
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Grade Sensitivity Analysis on 2013 Resource Estimate
Disclaimer: The reader is cautioned that the figures in this table are not a Mineral Resource Statement, but are only presented to show the sensitivity of the block model estimates.
Sensitivity analysis indicates grade increases to 1.94 gpt at a 1.0 gpt cut‐offSensitivity analysis indicates grade increases to 1.94 gpt at a 1.0 gpt cut‐off
2.1 Moz. @ 1.64 gptResource Estimate (2013)
1.8 Moz @ 1.94 gptSensitivity Analysis
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Highlights of Preliminary Metallurgy (1st & 2nd Generation) No adverse materials detected
Variation in rock hardness of all test samples was minimal indicating that the material is relatively homogeneous host rock
The master composite sample, having a head grade of 1.81 grams per tonne gold measured by fire assay, generated favourable recoveries for all process options, including heap leaching, flotation, and gravity separation. On the higher grade material, head grades varied significantly between the fire assay and screened metallic assays due to the nugget effect of gold within the deposit
Gold extraction by flotation ranged from 94.1% ‐ 95.5% on the lower grade, with maximum recoveries achieved at F80 151 microns, and between 90.7 – 94.6% on the higher grade, with maximum recoveries achieved at F80 75 microns
Cyanide heap leaching of minus 12,700 micron material reported up to 81.8% gold recoveries, perhaps an option for lower grade material which would otherwise be considered waste
Cyanidation of ground rock increased gold recovery significantly up to 96.5% on the lower grade and 98.0% on the higher grade.
Test Description Particle Size Au Recovery (%)P80 (microns) Master Composite ‐ Lower Grade High Grade
FlotationFine 75 94.9 94.6
Medium 105 94.1 03.5Coarse 151 95.5 90.7
Gravity (Centrifuge)
Fine 75 33.3 54.3Medium 105 45.0 40.5Coarse 150 25.9 42.8
LeachingHeap ‐12,700 81.8 pending
Whole Ore 148 96.4 96.4Gravity + Leach 105 96.5 98.0
Refer to press releases dated April 19, 2017, and February 21, 2018.
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2017 Exploration Program
2017 Current Drill Sites
Emphasis on Colomac Main Sill, Goldcrest, Regional targets were tested later in the season
• Build on previous results 52.07 m of 7.72 g/t gold incl. 25.47 m of 14.25 g/t gold and 72.65 m of 5.58 g/t gold incl. 17.80 m of 17.72 g/t gold
• Expanded zone to depth (550 m) and along strike (200 m) – maintains 30 m to 50 m true width
Drill Zone 1.5
Drill gap between high‐grade Zones 1.5 & 2.0
26,168m (75 holes) of Drilling in 201721,168 on the Colomac Project
• Magnetics and Induced Polarization
• Aid in target generation within the mineralized sills
Winter ground geophysics programs
LIDAR survey • coverage of entire Indin Lake
property
Extensive summer prospecting and mapping programs • Generate drill targets in Nice
Lake sill
• Advance Nighthawk’s many regional showings & deposits to drill ready status
• Test possible zone unification
• Resulted in establishing continuous mineralization that extends up to 400 m in strike
• Tested other potential high‐grade zones within sills
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Colomac Magnetic Signature
Linear magnetic highs:• Base of sills define magnetic high trend
• Linear magnetic trends similar to Colomac represent possible other new sills
Deviations/disruptions in the sills:• Used to determine priority targets
• Indicative of possible cross cutting structures
• Favourable for the development of high grade gold zones
Gradient Enhanced Airborne Magnetics (NHK 2012 Survey)
2nd Vertical Derivative
NHK Indin Lake Property High
Low
0 0.5 1
km
ColomacMain Sill (~9 km)
Goldcrest Sill (~4 km)
Nice Lake Sill (~4 km)
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2017 Drill Program – Colomac Cross Section
Zone 1.5 (Released June 8 and July 13, 2017)
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2017 Drill Program – Colomac Cross Section
Zone 1.5 (Released August 24, 2017)
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Colomac Cross Section – Zone 2.0
Highlights from 2017 Drilling:
• Hole C17‐17B intersected 89.10 metres (50.00 metre true width) of 1.52 gpt Au, including 12.00 metres of 5.02 gpt Au, and including 6.40 metres of 8.61 gptAu;
• C17‐17B confirmed that the mineralized widths, and internal higher‐grade core previously intersected in 2012 drilling to the south, extend further north and remain open presents another high‐grade
gold target within the Colomac sill
*see press release dated Sept/18/2017
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Colomac Cross Section – Zone 1.0
Highlights from 2017 Drilling:
• Hole C17‐19, returned the best intercept to date at Zone 1.0 48.50 metres (45 metres true
width) of 1.88 gpt Au, including 20.00 metres of 3.07 gpt Au, and including 9.85 metres of 5.08 gptAu
• Zone 1.0 appears to widen from 70.00 metres true width close to surface to 115.00 metres at depth similar to Zone 1.5 where the
mineralized true width tripled to depth
*see press release dated Sept/18/2017
TSX: NHKDamoti Lake Gold Project Overview
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Diversified Mine
Diversified
#3
Opportunities:
• High‐grade near surface opportunity
• Gold mineralization hosted in folded iron‐formation associated with sulphides
• Historic (225,000 ounce) high‐grade (14 gpt Au) deposit outlined1
• Potential feed for Colomac operation (~ $400 million)
• One of several satellite deposits
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Diversified Mine
#3
Area of focus2010 winter drill program NHK 2009 & 2010 Drill
Programs 2009: 27 holes 5,670 m total
2010: 42 holes 7,977 m total
Area of focus2010 winter drill program
Highlights of Drilling:
• 10.53 m of 63.48 gpt Au
• 23.50 m of 13.91 gpt Au
• 23.5 m of 13.91 gpt Au
• 11.25 m of 32.21 gpt Au
• 22.30 m of 9.31 gpt Au
• 5.00 m of 21.35 gpt Au
Damoti Lake Gold Project
TSX: NHK
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Diversified Mine
Diversified
#3
Area of focus2010 winter drill program
• Mineralization preferentially located in fold noses and parasitic structures
• Limited underground development via ramp
• Small bulk sample removed and stored on surface (3,800 tonnes @ 15.43 gpt Au)
Damoti Lake Gold ProjectDatamine Model – Looking West
Surface
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