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Contact Gold Corp.
Summary
| Project: | Pony Creek | |
|---|---|---|
| Deposit: | Pony Creek | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-10-2017: Contact Gold Corp. announces an Exploration/Drilling Update report for its Pony Creek deposit at the Pony Creek project. Drilling results incl. 45.72m @ 2.82g/t Au from 103.6m. VANCOUVER, British Columbia, Oct. 04, 2017 -- Contact Gold Corp. (t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vance Spalding (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Oct. 04, 2017 -- Contact Gold Corp. (the “Company” or “Contact Gold”) (TSX-V:C) is pleased to announce drill results from the first 10 holes, totaling 2,064 metres of its maiden drill program at the Pony Creek gold property (“Pony Creek”), located in Elko County, Nevada. Pony Creek is comprised of 1,157 unpatented mining claims covering 95.4 square kilometres on the Carlin Trend between Kinross's Bald Mountain mine, Gold Standard Ventures’ Railroad/Pinion District and Newmont Mining’s Rain and Emigrant mines. No drilling had been conducted at Pony Creek in 10 years. All of the first 10 holes completed by Contact Gold returned anomalous to high grade gold intersections. “We are very encouraged by the initial results from Contact Gold’s drilling at Pony Creek. These results confirm the excellent potential and pervasive mineralization at Pony Creek which are some of the key factors that drove the acquisition, while presenting clear opportunities to expand mineralized zones,” stated Matt Lennox-King, President & CEO of Contact Gold, “We believe that Pony Creek forms a prospective and strategic section of the southern Carlin Trend, and these initial results bolster that belief.” These drill holes are from the ongoing 2017 diamond and RC drill program at Pony Creek, designed to confirm and offset gold mineralization intersected by previous operators. To date, Contact Gold has completed over 4,000 metres of RC and core drilling in 19 holes. | |
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