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Contact Gold Corp.
Summary
| Project: | Pony Creek | |
|---|---|---|
| Deposit: | Pony Spur | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-9-2018: Contact Gold Corp. announces an Exploration/Drilling Update report for its Pony Spur deposit at the Pony Creek project. Drilling results incl. 10.67m @ 0.71g/t Au from 19.81m. Vancouver, British Columbia--(Newsfile Corp. - September 5, 2018) - C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vance Spalding (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 5, 2018) - Contact Gold Corp. (TSXV: C) (the "Company" or "Contact Gold") is pleased to report shallow oxide drill results from an additional six holes at the West target and at the Pony Creek gold property ("Pony Creek"), and three holes at the property's Pony Spur target located 2 kilometres NW of the Bowl Zone, and 1 kilometre west of the West Target. Drilling is still underway, with assays currently pending for 14 drill holes at Pony Creek, which is located in Elko County, Nevada, adjacent to Gold Standard Ventures' Railroad-Pinion Project. Drill Highlights: 0.29 g/t oxide Au over 15.24 metres from 10.67 metres, and 0.24 g/t oxide Au over 7.62 metres from 39.62 metres, and 0.22 g/t oxide Au over 32.00 metres from 64.01 metres in hole PC18-23 at West Target 0.71 g/t oxide Au over 10.67 metres from 19.81 metres in drill hole PC18-022 at West Target 0.34 g/t oxide Au over 10.67 metres from 10.67 metres in drill hole PC18-21 at West Target 0.28 g/t oxide Au over 16.76 metres from 1.52 metres in drill hole PC18-24 at West Target 0.19 g/t oxide Au over 27.43 metres from 65.53 metres in drill hole PC18-26 at Pony Spur target 0.21 g/t oxide Au over 19.81 metres from 53.34 metres in drill hole PC18-27 at Pony Spur target "These results from the West Target are an excellent start as we continue to identify new shallow oxide gold mineralization at Pony Creek. These drill hole intercepts extend over one km in length and, combined with a gold-in-soil footprint more than 2 km long, mean we have only just begun to show the potential of the West Target" stated Matt Lennox-King, CEO of Contact Gold. "A new discovery of this size is exceptionally rare on the Carlin Trend. We believe the West Target discovery, when combined with Gold Standard Venture's recent discoveries, demonstrates the potential of Pony Creek to both produce new discoveries, and validate the systematic targeting methodology employed by Contact Gold technical team. There is more gold to be found at Pony Creek and on the south Carlin Trend. | |
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