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Contact Gold Corp.
Summary
| Project: | Pony Creek | |
|---|---|---|
| Deposit: | Bowl Zone | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 7/31/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-7-2019: Contact Gold Corp. announces an Exploration/Drilling Update report for its Bowl Zone deposit at the Pony Creek project. Drilling results incl. 25.91m @ 0.71g/t Au from 112.78m. Vancouver, British Columbia--(Newsfile Corp. - July 31, 2019) - Con | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vance Spalding (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - July 31, 2019) - Contact Gold Corp. (TSXV: C) (the "Company" or "Contact Gold") is pleased to report that exploration drill results from three drill holes, holes 4, 5 and 6, 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 intersected 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 typical of 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. "Drill holes 4, 5 and 6 continue to demonstrate that gold mineralization is widespread at the Bowl Zone and that these mineralized intersections fill gaps in our 2018 gold mineralization model, providing greater confidence in gold continuity as we work toward a resource estimate at the Bowl Zone. "In addition, these results continue to define oxide gold mineralization with grades exceeding 1 g/t Au in 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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