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Contact Gold Corp.
Summary
| Project: | Pony Creek | |
|---|---|---|
| Deposit: | Bowl Zone | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2018: Contact Gold Corp. announces an Exploration/Drilling Update report for its Bowl Zone deposit at the Pony Creek project. Drilling results incl. 22.86m @ 2.12g/t Au from 64.01m. Vancouver, B.C. (February 14, 2018) – Contact Gold Corp. (the “Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vance Spalding (Internal) | |
| ABSTRACT: | Vancouver, B.C. (February 14, 2018) – Contact Gold Corp. (the “Company” or “Contact Gold”) (TSXV: C) is pleased to announce the final set of drill results from its 2017 field season. The 14 holes reported today were focused mostly on the western portion of the Bowl Zone at the Pony Creek gold property (“Pony Creek”), located in Elko County, Nevada. “This is the first drilling on the project in 10 years, and I am extremely pleased with our first pass program at Pony Creek. These encouraging results from Bowl Zone have confirmed a robust gold system, and have defined for the first time, the widespread presence of oxidized gold mineralization. The majority of gold mineralization drilled on the western structure is well-oxidized with excellent recoveries from cyanide assay, and we are finding some well oxidized intervals on the eastern structure as well.” said Matthew Lennox-King, President & CEO of Contact Gold. “The drilled footprint of the Bowl Zone is significant, with room to expand in multiple directions, particularly to the north towards the North Zone and to the northwest towards our new, undrilled targets generated during this past field season. The 2017 program at Pony Creek also confirmed and expanded the North Zone, with only sparse historic drill testing within the area between Bowl and North. Our team has made great strides in understanding the ore controls, which is critical as we develop and test new, high-priority targets in 2018 and expand on existing zones of mineralization.” | |
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