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Contact Gold Corp.
Summary
| Project: | Pony Creek | |
|---|---|---|
| Deposit: | Bowl Zone | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2019: Contact Gold Corp. announces an Exploration/Drilling Update report for its Bowl Zone deposit at the Pony Creek project. Drilling results incl. 39.62m @ 0.70g/t Au from 108.21m. Vancouver, British Columbia--(Newsfile Corp. - August 15, 2019) - C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vance Spalding (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - August 15, 2019) - Contact Gold Corp. (TSXV: C) (the "Company" or "Contact Gold") is pleased to report that exploration drill results from the next three drill holes of the 2019 program have continued to define gold mineralization at the Bowl Zone on the Pony Creek gold property ("Pony Creek"). Pony Creek is located on the Carlin Trend in Elko County, Nevada, adjacent to Gold Standard Ventures' ("GSV") Railroad-Pinion Project. To date, drill holes reported for 2019 have all intersected significant gold mineralization, further adding to the success of the 2017 & 2018 drill campaigns which encountered gold mineralization in 87 of 93 drill holes (93%). Pony Creek continues to deliver shallow intervals of gold mineralization similar to many currently producing Carlin Type gold systems in Nevada. To date, the majority of reportable gold intercepts at Pony Creek have been hit at less than 50 metres from surface. "I am very pleased that we continue to hit near surface gold mineralization in every hole we drill at Pony Creek in this 2019 drill program. Hole eight was particularly encouraging in demonstrating that wide and shallow intercepts of oxide gold exceeding 1 g/t gold continue to the west, outside of previously known gold mineralization at the Bowl Zone. We look forward to announcing more drill results from the Bowl, Appaloosa and Stallion Zones." stated Matt Lennox-King, President & CEO of Contact Gold. | |
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