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Contact Gold Corp.
Summary
| Project: | Green Springs | |
|---|---|---|
| Deposit: | Alpha Zone | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-1-2020: Contact Gold Corp. announces an Exploration/Drilling Update report for its Alpha Zone deposit at the Green Springs project. Drilling results incl. 28.96m @ 1.345g/t Au from 24.38m. Vancouver, British Columbia--(Newsfile Corp. - January 7, 2020) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vance Spalding (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - January 7, 2020) - Contact Gold Corp. (TSXV: C) (the "Company" or "Contact Gold") is pleased to report that it has intersected oxidegold mineralization in the first 2 drill holes from the Alpha Zone at its newly-acquired Green Springs gold project located on the southern Cortez Trend in Nevada. Results are pending for an additional four holes drilled at the Alpha Zone, and four drilled at the Echo, Beta and Charlie zones. "We made the Green Springs acquisition based in part upon the strong potential for Alligator Ridge style gold deposits to be discovered at the base of the Pilot Shale. The near-surface oxide gold intercept returned from hole 2 validates our model that gold mineralization is not confined to the Chainman/Joanna contact where USMX did their mining at Green Springs almost 40 years ago. We can now apply this model with confidence along the Green Springs mine trend to the north and south of Alpha as well as the targets to the east along a parallel trend." said Vance Spalding, VP Exploration for Contact Gold. "Coupled with the historical high-grade oxide drill intercepts from the Echo Zone, we are confident that Green Springs will continue to deliver compelling gold intercepts from both new and existing targets." | |
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