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Contact Gold Drills 70 Metres of 2.36 g/t Oxide Gold Mineralization at Green Springs
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2020) - Contact Gold Corp. (TSXV: ...
About this update from Commodore Metals Corp.
[{"type":"text","content":"Contact Gold Drills 70 Metres of 2.36 g/t Oxide Gold Mineralization at Green SpringsVancouver, British Columbia--(Newsfile Corp. - January 28, 2020) - Contact Gold Corp. (TSXV: C) (the \"Company\" or \"Contact Gold\") is pleased to announce results from an additional 2 drill holes, including the first drill hole from the Echo Zone at its Green Springs gold project located on the Cortez Trend in Nevada. Contact Gold Drill Highlights:2.36 g/t oxide Au over 70.10 m from 80.77 m in hole GS19-07Including 4.26 g/t Au over 38.10 m from 85.35 mand including 8.05 g/t Au over 12.19 m from 89.92 m0.30 g/t oxide Au over 10.67 m from 68.58 m in hole GS19-08\"Extending the high-grade oxide gold at the Echo Zone is an important achievement in advancing the Green Springs project. This first hole into the Echo Zone shows the potential for continued growth of Chainman-Joanna hosted gold mineralization extending south from the past producing pits, in addition to the Pilot Shale hosted gold at Alpha announced in two weeks ago.\" said Matt Lennox-King, President & CEO of Contact Gold. \"These results from Alpha and Echo, separated by over 4 km, show a robust Carlin-type gold system with oxide gold grades significantly higher than the surrounding operations on the Carlin and Cortez Trends. These first holes from our initial drill program at Green Springs have been very successful in expanding the known zones of gold mineralization. We look forward to releasing results from the remaining drill holes, and to further drill testing of these zones in 2020.\" Drilling - Key Points: GS19-07 was a 40m step back targeting a previously reported intercept (5.05 g/t Au over 39m see news release October 2, 2019). The hole hit and extended high grade oxide gold mineralization hosted at the intersection of north-south and northwest oriented structural zonesGold mineralization at Echo is hosted at the Chainman - Joanna contact, within a zone of intense alteration, silicification and oxidationGS19-07 bottomed in oxide gold grading 0.26 g/t Au over 1.52 metres, indicating potential for further Chainman-Joanna hosted mineralization at depthGS19-08 targeted known mineralization at the Chainman - Joanna contact at the Charlie ZoneThe Echo Zone is located 500m south of the past-producing Delta Zone and 1km south of the Charlie Zone. The Echo Zone was discovered by RC ...