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Contact Gold Corp.
Summary
| Project: | Pony Creek | |
|---|---|---|
| Deposit: | Pony Creek | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2018: Contact Gold Corp. announces an Exploration/Drilling Update report for its Pony Creek deposit at the Pony Creek project. Drilling results incl. 44.2m @ 0.34g/t Au from 25.91m. VANCOUVER, British Columbia, Jan. 16, 2018 -- Contact Gold Corp. (th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vance Spalding (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Jan. 16, 2018 -- Contact Gold Corp. (the “Company” or “Contact Gold”) (TSX-V:C) is pleased to announce drill results from 11 holes totaling 2,482 metres from Pony Creek North at the Company’s Pony Creek gold property (“Pony Creek”), located on the Carlin Trend in Elko County, Nevada. Pony Creek North is located 3 km northeast of the Bowl Zone, the location of the historical resource estimate and focus of earlier drilling in the 2017 drill campaign. Gold mineralization was originally discovered at Pony Creek North by drilling in the 1980s, including one hole drilled by Barrick/Homestake on the extreme north end of the target which returned an isolated drill intercept of 0.47 g/t Au over 43 metres that was never followed up on. Contact Gold's wide spaced drilling encountered significant near surface gold intercepts over a 1 kilometre strike length, and the zone remains open for expansion. These initial results from Contact Gold’s first pass reconnaissance drilling at Pony Creek North confirm the presence of a second, sizeable zone of significant gold mineralization at Pony Creek in addition to the Bowl Zone. The grades and thicknesses intersected in initial drilling at the Pony Creek North are broadly comparable with those found in exploration drilling at many existing Carlin-type gold deposits such as those found at the Bald Mountain mine to the southeast of Pony Creek | |
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