Alberta to introduce ‘modern’ coal policy, including ban on new open-pit projects
The new policy will not affect those qualified as "advanced coal projects" such as the controversial Grassy Mountain mine.
Nighthawk Gold (TSX: NHK) reported on Tuesday assay results for seven drill holes on the Colomac Main Sill, part of the Colomac gold project at its Indin Lake property in Canada’s Northwest Territories (NWT).
A Zone 2 drill hole shows the continued widening of the mineralized portion of the sill to depth, where the true width has grown to more than 110 metres at vertical depths of 700 metres below surface, Nighthawk said in the press release.
Two holes drilled at the southern end of Zone 3.5 within a previous unexplored area have intersected shallow high-grade mineralization
This hole was drilled approximately 270 metres to the south of the deepest intersection at Zone 1.5, where drilling in 2017 showed a similar widening of the mineralized portion of the sill to 155 metres in true width.
The newly defined panel of mineralization, formed by the merger of high-grade Zone 1.5 with the northern part of Zone 2.0, has now been traced approximately 500 metres in strike with its narrowest width of 30 metres at shallow depths but expanding to upwards of 155 metres at 800 metres vertical depth where it remains open.
Two holes drilled at the southern end of Zone 3.5 within a previous unexplored area, have intersected shallow high-grade mineralization outside and west of the quartz diorite portion of the sill. These intercepts represent a new style of Colomac mineralization that will need to be further explored in 2020.
At market close Tuesday, Nighthawk Gold’s stock was up over 9% on the TSX. The company has a C$93.4 million market capitalization.
