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Contact Gold Discovers 1.5 g/t Gold and 172 g/t Silver in Rock Samples at Green Springs
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2020) - Contact Gold Corp. (TSXV: ...
About this update from Commodore Metals Corp.
[{"type":"text","content":"Contact Gold Discovers 1.5 g/t Gold and 172 g/t Silver in Rock Samples at Green SpringsVancouver, British Columbia--(Newsfile Corp. - March 24, 2020) - Contact Gold Corp. (TSXV: C) (the \"Company\" or \"Contact Gold\") is pleased to announce results from rock sampling from the Tango target at the Green Springs gold project located on the Cortez Trend in Nevada.Contact Gold Rock Sampling Highlights - Tango Target:There are 26 samples ranging from 0.1 g/t Au to 1.52 g/t Au across the target areaSeparately 7 samples with +20 g/t Ag not associated with gold mineralized samples1.52 g/t Au is the best gold-in-rock sample172 g/t Ag is the best silver-in-rock sampleTarget measures 500 x 250 metres where exposed, and dips shallowly to the west under cover. \"Tango is the most obvious drill target I have ever seen and represents yet another large-scale gold occurrence hosted at the highly altered and gold mineralized Pilot Shale formation at Green Springs. It has never been drilled due to the lack of permits to do so. My team believes that Tango has strong potential to yield a large gold discovery and with all exploration permits now in place, it is a high priority for drilling in later 2020,\" said Matt Lennox-King, President & CEO of Contact Gold. \"Much of our rationale for acquiring Green Springs was to begin aggressively testing for one million + ounce Alligator Ridge type deposits hosted at the base of the Pilot shale formation. USMX was only interested in mining the outcropping gold mineralization hosted in the basal Chainman shale, and as such, only a very small percentage of the holes tested for Alligator Ridge type deposits.\"The Tango Target is hosted in the Pilot Shale at the contact with the underlying Guilmette limestone; the same horizon that hosts drilled gold mineralization at the Alpha Zone, located 500m to the South (see news release January 14, 2020). At Tango, the lower Pilot Shale formation is intensely silicified with strong hematite and hydrothermal barite alteration, and dips shallowly west beneath unaltered upper Pilot Shale. A large gold-in-soil anomaly with values ranging from 122 ppb Au to 1070 ppb Au was outlined by previous operators over an area measuring 500 m x 250 m. Contact Gold geologists mapped and rock sampled the northern portion of Tango in early winter 2019, with 26 rock samples collected befo...