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Contact Gold Drills 25 Meters 0.7 G/T Gold at Pony Creek
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2019) - Contact Gold Corp. (TSXV: C) (...
About this update from Commodore Metals Corp.
[{"type":"text","content":"Contact Gold Drills 25 Meters 0.7 G/T Gold at Pony CreekVancouver, British Columbia--(Newsfile Corp. - July 31, 2019) - Contact Gold Corp. (TSXV: C) (the \"Company\" or \"Contact Gold\") is pleased to report that exploration drill results from three drill holes, holes 4, 5 and 6, of the 2019 program have continued to define gold mineralization at the Bowl Zone on the Pony Creek gold property (\"Pony Creek\"). Pony Creek is located on the Carlin Trend in Elko County, Nevada, adjacent to Gold Standard Ventures' (\"GSV\") Railroad-Pinion Project.To date, drill holes reported for 2019 have intersected gold mineralization, further adding to the success of the 2017 & 2018 drill campaigns which encountered gold mineralization in 87 of 93 drill holes (93%). Pony Creek continues to deliver shallow intervals of gold mineralization typical of many currently producing Carlin Type gold systems in Nevada. To date, the majority of reportable gold intercepts at Pony Creek have been hit at less than 50 metres from surface. Drill Highlights - Bowl Zone:0.58 g/t Au over 22.68 m from 50.29 m in hole PC19-04 Including 1.46 g/t Au over 4.57 m1.69 g/t Au over 7.62 m from 80.77 m in hole PC19-040.71 g/t Au over 25.91 m from 112.78 m in hole PC19-04Including 1.75 g/t Au over 6.10 m0.51 g/t Au over 32.00 m from 230.13 m in hole PC19-050.37 g/t Au over 25.91 m from 308.80 m in hole PC19-050.35 g/t Au over 25.91 m from 339.86 m in hole PC19-05 which ended in 0.46 g/t Au \"Drill holes 4, 5 and 6 continue to demonstrate that gold mineralization is widespread at the Bowl Zone and that these mineralized intersections fill gaps in our 2018 gold mineralization model, providing greater confidence in gold continuity as we work toward a resource estimate at the Bowl Zone. \"In addition, these results continue to define oxide gold mineralization with grades exceeding 1 g/t Au in the Bowl Zone. We look forward to announcing more drill results from the Bowl, Appaloosa and Stallion Zones.\" stated Matt Lennox-King, President & CEO of Contact Gold. Bowl ZonePC19-04 filled a large gap in gold mineralization between PC19-03 (12m @ 1.21 g/t Au, see news release July 10, 2019), and the highlight gold intercept in 2018 (93m @ 1.00 g/t Au in PC18-04, see news release June 21, 2018) PC19-05 infilled gold mineralization into a large gap between 2018 discovery holes in t...