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Resource World - Dec-Jan 2020- Vol 18 Issue 1

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38 www.resourceworld.com D E C E M B E R / J A N U A R Y 2 0 2 0 TOP 10 STOCKS contracted Zonge Geophysics to conduct a ground-based induced polarization/resis- tivity survey covering select areas of the property which is scheduled to take place in December, subject to Zonge's availability. A maiden Resource Estimate is being prepared on the Pamlico Ridge/Merritt area that will be released in the near future. "Right now, we are evaluating the property," said Carrington. "I am leaning towards this project as being a heap leach open pit operation. Besides high-grade gold, there is a lot of open pittable low- grade gold in a halo, but it's too early to say at the moment." "If we develop a large resource, we would be open to various scenarios to advance the project," Carrington told Resource World. Newrange is working on the closing documents for selling its Yarumalito gold project in Colombia to GoldMining Inc. [GOLD-TSX] as part of its Colombia dives- titure program. Nighthawk Gold Corp. [NHK-TSX; MIMZF-OTC-OTCQX] has a 100% owner- ship of a district-scale land position within the Indin Lake greenstone belt, located approximately 200 km north of Yellowknife, Northwest Territories, Canada. Nighthawk is advancing the 100%-owned Colomac gold project that has an Inferred Resource of 2.6 million oz gold (50.3 million tonnes averaging 1.62 g/t gold), as well as advanc- ing its other regional gold deposits and showings within this mostly underexplored Archean gold camp. Current drilling has established con- tinuity over significant widths with a pathway for expansion along strike and to depth. The company has now reported results for 49 drill holes (18,902 metres) of the 91-drill-hole (35,018 metres) 2019 pro- gram at Colomac. The latest five drill holes intersected extensive mineralization with C19-35 returning 124.50 metres of 1.12 g/t gold, including 13.50 metres of 3.60 g/t gold, including 4.75 metres of 7.64 g/t gold; and hole C19-39 returning 118.50 metres of 1.57 g/t gold, including 32.50 metres of 2.62 g/t

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