Nighthawk Gold Corp CEO Keyvan Salehi joined Proactive's Stephen Gunnion with details of the maiden preliminary economic assessment (PEA) for the company's flagship Colomac Gold Project, 200 kilometres north of Yellowknife in Canada's Northwest Territories.
Salehi said the PEA suggests the potential for a C$1.2 billion resource using a conservative gold price of US$1,600 per ounce.
The company is planning a further 20,000- to 25,000-metre drill program for 2023 as it builds on that resource, with multiple targets yet to be explored at Colomac, he said.
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