Resource World Magazine

F E B R U A R Y / M A R C H 2 0 1 7 www.resourceworld.com 67 Tel: (416) 628-5940 Email: info@nighthawkgold.com Controlling 90% of Indin Lake Gold Camp (222,203 acres) 2.101 million ounces gold at 1.64 g/t ¹ Colomac Gold Project is 100% owned with no royalty Drilling represents < $8 per ounce discovery cost (industry average >$32) Over 97% of holes intersec ng gold mineraliza on Con firmed existence of several high-grade gold zones Underexplored 9 km long sill represents mul -million ounce resource opportunity Wide zones of near surface mineraliza on believed amenable to bulk mining techniques Fully funded with $15M in working capital and no debt 1 Inferred Mineral Resource es mate of 39.81 million tonnes with an average grade of 1.64 g/t gold for 2.101 million ounces gold (cut-off grade of 0.6 g/t gold) Ownership Structure Northeld Capital Corporation Kinross Gold Corporation Osisko Gold Royalties Ltd. McEwen Mining Inc. Board / Management Other Retail and Institutional 17% 9% 6% 3% 5% 60% local survey points to UTM Nad83, which enables all data sets to be layered together, providing a comprehensive map of existing information. Another quickly advancing field in remote sensing arena is Hyperspectral surveying. "These surveys are the MRI of the earth and can predict elements and associated indicators with many of them," said Daly. "It is a highly specialized and an evolving technology." A Hyperspectral survey utilizes aircraft equipped with instru - ments that emit light. When the light hits a material, some of the light is reflected back, allowing it to be measured with a spec- trometer. The shape of the spectrum is like a fingerprint that reveals the chemical composition of the rocks. This has been found to be increasingly useful when looking for various types of deposits based on their alteration signatures. Another technology that AeroGeo utilizes is LiDAR "Light Detection and Ranging." This technology measures distance by illuminating a target with a laser and analyzing the reflected light. Lidar is a technology for making 3D "Point Clouds" of data which is a vector-based structure – each point in the cloud has an XYZ co-ordinate and some attributes called components like flight time, flight line, intensity, colour etc. AeroGeo can also provide clients who already have LiDAR data with vector data using stereo LiDAR grammetry. This software enables linear data features to be determined from the 3D LiDAR images or "Point Clouds." Vector data uses X and Y coordinates to define the locations of points, lines, and areas that correspond to map features. AeroGeo conducts aerial LiDAR surveys with both helicopter and fixed-wing aircraft, and expects to add a LiDAR capable drone in the near future. Airborne LiDAR has a precision of about 10 cm and a spacing of 4-to-40 points per square metre. LaserGeo is yet another branch of Aero Geometrics that is rapidly advancing. The company uses German-made Z+F laser scanners that are world renowned for their quality, accuracy and durability. These laser scanners can capture over one million points per sec - ond with a precision of 1-to-2 mm and have an inbuilt HDR (High Dynamic Range) camera. The laser scanners are so accurate that the data produced can be used to document anything from structural movement, to building preservation, to CSI and Forensics. Daly also commented that companies should be aware of the myriad efficiencies created by using the technologies now avail - able. Accurate information will save time and resources by basing decisions on reality rather than guess work. Even greater efficien- cies can be gained by overlaying different technologies where unique levels of information are stacked to provide an even clearer picture of potentials and efficiencies. These practices can not only save money, but may speed permitting, expose better alternatives and create additional value added solutions. n

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