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Contact Gold Corp.
Summary
| Project: | Pony Creek | |
|---|---|---|
| Deposit: | Stallion Zone | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/22/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-10-2019: Contact Gold Corp. announces an Exploration/Drilling Update report for its Stallion Zone deposit at the Pony Creek project. Drilling results incl. 64.01m @ 0.35g/t Au from 0.00m. Vancouver, British Columbia--(Newsfile Corp. - October 22, 2019) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vance Spalding (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - October 22, 2019) - Contact Gold Corp. (TSXV: C) (the "Company" or "Contact Gold") is pleased to report that it has extended oxide gold mineralization at the Stallion Zone in six holes drilled as part of its 2019 program at its flagship Pony Creek property. Pony Creek is located on the Carlin Trend in Elko County, Nevada, and directly adjacent to GSV's Railroad-Pinion Project. The northern portion of the Stallion Zone has now returned the widest intervals of oxide gold all starting from surface at Pony Creek. These results have defined a new zone within the broader Stallion trend where gold is hosted in a calcareous sandstone and jasperoid with intercalated limestone beds. Stallion is now a zone of significant oxide gold mineralization at Pony Creek, and surface work conducted by Contact Gold in 2019 indicates that it may continue eastward beneath a low angle fault which covers the zone in unmineralized rock, to the highlyprospective Mustang target. If this indication holds, the mineralized trend would measure 3 kilometers by 300 metres. The Stallion Zone is an oxide gold corridor located 1.6 km north of Pony's Bowl Zone, and currently extends over a 2.3 km strike length. Stallion is a virgin discovery founded as part of Contact Gold's 2018 drill program, is open in all directions, and has been sparsely drilled to date. | |
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