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Contact Gold Corp.
Summary
| Project: | Pony Creek | |
|---|---|---|
| Deposit: | Bowl Zone | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-6-2018: Contact Gold Corp. announces an Exploration/Drilling Update report for its Bowl Zone deposit at the Pony Creek project. Drilling results incl. 47.24m @ 2.51g/t Au from 86.87m. Vancouver, B.C. (June 21, 2018) – Contact Gold Corp. (the “Company” | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vance Spalding (Internal) | |
| ABSTRACT: | Vancouver, B.C. (June 21, 2018) – Contact Gold Corp. (the “Company” or “Contact Gold”) (TSXV: C) is pleased to announce drill results from the first five holes, totaling 983 metres from its 2018 drill program at the Pony Creek gold property (“Pony Creek”), located on the Carlin Trend in Elko County, Nevada, immediately south of Gold Standard Venture’s Railroad/Pinion project. These first five holes were designed to offset and build upon areas of higher grade, oxidized gold mineralization identified in the Company’s 2017 drill program “We are very pleased with these initial results, particularly the intersection of the best high-grade oxide gold zone in a step out hole so far from the western edge of the Bowl Zone at Pony Creek. These results confirm our oxide targeting model and further demonstrate the excellent potential of our flagship project,” stated Matt Lennox-King, President & CEO of Contact Gold, “The 99% gold recovery by cyanide assays in hole PC18-03 compared to the fire assays is extremely encouraging as we continue our focus on drilling higher-grade, oxidized gold mineralization.” These drill holes were designed to expand gold mineralization intersected by Contact Gold in 2017, as well as to test new targets generated during the 2017 exploration program. Contact Gold has completed nine holes in 2018 totaling 2,000 of 16,000 planned metres of RC and core drilling. The drill program forms part of a comprehensive property wide exploration program comprising of over 4,000 soil samples, geological mapping, and additional drill target generation. Assays are pending from four drill holes, with one RC drill rig currently operating at Pony Creek. A core drill will be added to the program in July. | |
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