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Canadian gold stock issues update amid Northwest Territories wildfire

Market News, Mining
TSX:NHK
18 August 2023 08:58 (EDT)

Source: Environment and Climate Change Canada.

Nighthawk Gold Corp. (TSX:NHK) reports that the Colomac Gold Project camp site remains secured and unaffected by the wildfires that are currently impacting areas in the Northwest Territories.

In a news release, the company said no personnel are currently at the camp site.

Exploration drilling at the 24/27 Deposit was completed in mid-July and the camp was subsequently closed and shut down for the upcoming fall and winter season.

The company’s president and CEO, Keyvan Salehi, said in a statement that many areas of the Northwest Territories have been severely impacted by the wildfires, including neighbouring communities and the city of Yellowknife.

“Currently, the Colomac Gold Project camp site is closed, secured, and unaffected by the wildfires and there are no personnel at our site. We continue to monitor the situation and we will update the markets if there are any changes. Our team will aim to provide any support needed. We hope for an immediate resolution to the ongoing wildfires,” Salehi said.

Thousands of people have fled Yellowknife and neighbouring communities under the wildfire threat.

Nighthawk Gold Corp. is a Canadian gold exploration and development company that owns more than 947 square kilometres of district-scale property within 200 kilometres north of Yellowknife. Nighthawk’s management team – which boasts a track record of successfully advancing projects and operating mines – is working to rapidly advance company assets towards a development decision.

Nighthawk Gold Corp. opened trading at $0.36 per share.

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