The East Ridge discovery is outside the current resources.

Latest drilling results how further high-grade extensions to the South East Crescent zone of the Havieron gold-copper project.

Gazprombank put it at $5.1-billion to $6.6-billion, while Renaissance sees it at $5.4-billion to $6.3-billion, Reuters sources said, adding books were expected to open on June 21 and close on June 29.

Nighthawk owns the Indin Lake gold project in the Northwest Territories, near the site of the past-producing Colomac mine.

Gold may benefit from government money flooding households and people less willing to work.

Gold ETFs saw inflows of $3.4 billion in the month of May, after three consecutive months of net outflows.

At spot gold prices, Enchi delivers post-tax NPV5% of more than $302M and an IRR of plus-54%.

Drilling in H1 2021 returned an intercept of 19.79% Cu and 98.6 g/t Ag over 0.6 metres.