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Contact Gold Drills 28 Metres of 1.34 g/t Oxide Gold at Green Springs
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2020) - Contact Gold Corp. (TSXV: C...
About this update from Commodore Metals Corp.
[{"type":"text","content":"Contact Gold Drills 28 Metres of 1.34 g/t Oxide Gold at Green SpringsVancouver, British Columbia--(Newsfile Corp. - January 7, 2020) - Contact Gold Corp. (TSXV: C) (the \"Company\" or \"Contact Gold\") is pleased to report that it has intersected oxidegold mineralization in the first 2 drill holes from the Alpha Zone at its newly-acquired Green Springs gold project located on the southern Cortez Trend in Nevada. Results are pending for an additional four holes drilled at the Alpha Zone, and four drilled at the Echo, Beta and Charlie zones. Contact Gold Drill Highlights - Alpha Zone:1.34 g/t Au over 28.96 m from 24.38 m in hole GS19-02Including 2.00 g/t Au over 15.24 m from 32.00 m0.67 g/t Au over 9.14 m from 6.10 m in hole GS19-010.52 g/t Au over 57.91 m from 25.91 m in hole GS19-01\"We made the Green Springs acquisition based in part upon the strong potential for Alligator Ridge style gold deposits to be discovered at the base of the Pilot Shale. The near-surface oxide gold intercept returned from hole 2 validates our model that gold mineralization is not confined to the Chainman/Joanna contact where USMX did their mining at Green Springs almost 40 years ago. We can now apply this model with confidence along the Green Springs mine trend to the north and south of Alpha as well as the targets to the east along a parallel trend.\" said Vance Spalding, VP Exploration for Contact Gold. \"Coupled with the historical high-grade oxide drill intercepts from the Echo Zone, we are confident that Green Springs will continue to deliver compelling gold intercepts from both new and existing targets.\"Alpha Zone - Key PointsContact Gold drilled six holes at the Alpha Zone to offset the gold mineralization in historic drillingThe Alpha Zone is hosted within a fault repeated section of Devonian Pilot ShaleThe discovery of oxide gold mineralization at the base of the Pilot Shale is a significant proof of concept milestone in Contact Gold's exploration thesisGS19-01 extended gold mineralization to the south of historic drillingGS19-02 extended mineralization to the north beneath a historic hole that was lost in mineralization and confirmed oxidation has occurred at the Alpha Zone Results demonstrate that there is potential for significant oxide gold below the past-producing areas and targets tested by previous operators, which is exciting given th...