| Announcement Date: | 2022-08-16 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Contact Gold Corp. |
| Project name: | Green Springs |
| Location: | United States |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 41.15m @ 1.95g/t Au from 15.24m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, B.C. (August 16, 2022) – Contact Gold Corp. (the “Company” or “Contact Gold”) (TSXV: C; OTCQB: CGOLF) is pleased to announce results from the next 2 drill holes completed in the 2022 step-out drill program at the Green Springs oxide gold project. Results for the remaining 16 holes drilled, from the Tango Zone are pending. These results further extend mineralization to the west and southwest from the 2021 discovery holes at X-Ray, and reinforce the high-quality of the X-Ray discovery, building on previously released results from the current program (see news release dated August 9, 2022). The X-Ray target remains wide open for expansion, especially to the east, south and west. X-Ray is nearsurface, well oxidized, with exceptional grades and thicknesses. Gold mineralization at the X-Ray Zone is characterized by strong grades, oxidation and continuity, and is hosted at the lower Pilot Shale contact with the underlying Guilmette limestone. The Pilot Shale is an important regional host unit in eastern Nevada, and is host to the Pan Mine and Alligator Ridge among others. “We are very excited with the results from the X-Ray target this year. The grades, thicknesses and oxidation at X-Ray are exceptional and compare favourably across |
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