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Contact Gold Corp.
Summary
| Project: | Pony Creek | |
|---|---|---|
| Deposit: | Pony Creek | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-11-2018: Contact Gold Corp. announces an Exploration/Drilling Update report for its Pony Creek deposit at the Pony Creek project. Drilling results incl. 92.97m @ 0.33g/t Au from 0m. Vancouver, British Columbia--(Newsfile Corp. - November 28, 2018) - Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vance Spalding (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - November 28, 2018) - Contact Gold Corp. (TSXV: C) (the "Company" or "Contact Gold") is pleased to report that exploration drill results from an additional 13 holes drilled along the margins of the West Zone discovery, have extended the strike length of the West Zone to 2.3 km at 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. Additional assays are currently pending for three drill holes from the southeast edge of the Bowl Zone. "These additional drill holes, containing oxide gold mineralization extending from surface, at Contact Gold's new West Zone discovery further demonstrate the substantial and growing footprint of near-surface gold mineralization at Pony Creek. Drill hole PC18-051 is a clear example of this, returning a 90 meter intercept with a grade thickness value of 30 gram-meters from surface and cyanide versus fire assay recovery of 92%. As we continue to better understand the structural controls to mineralization, we will apply that knowledge to focus drilling on specific structural/stratigraphic contacts to vector into the higher grade portions of this very large, newly discovered Carlin-type gold system." stated Vance Spalding, VP Exploration for Contact Gold. | |
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