Business
Contact Gold Reports 2019 Financial and Operating Results
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2020) - Contact Gold Corp.  &#...
About this update from Commodore Metals Corp.
[{"type":"text","content":"Contact Gold Reports 2019 Financial and Operating ResultsVancouver, British Columbia--(Newsfile Corp. - March 31, 2020) - Contact Gold Corp.  (TSXV: C) (the \"Company\" or \"Contact Gold\") is pleased to announce the filing of its financial and operating results for the year ended December 31, 2019.Contact Gold's extensive land holdings are on Nevada's Carlin, Independence and Cortez gold trends which host numerous gold deposits and mines. Contact Gold's land position, including the Pony Creek and Green Springs gold projects comprises approximately 140 km2 of target-rich mineral tenure hosting numerous known gold occurrences, ranging from early- to advanced-exploration and resource definition stage (the \"Contact Gold Properties\"). All dollar amounts are presented in Canadian dollars unless otherwise stated.2019 highlights and recent developments Financed the Company to allow for active drilling programs in Nevada at the \"Pony Creek\" and \"Green Springs\" gold projects.Completed two drill programs, highlights include:At Green Springs, nine of ten drill holes drilled (1,300 metres) intersected significant grades and widths of oxide gold mineralization across three separate targets outside of the past-producing pits.At Pony Creek, the Company continued to return long intervals of near-surface and oxide gold, with 23 of 25 drill holes (4,660 metres) hitting gold mineralization. Optioned the Cobb Creek exploration property (\"Cobb Creek\"), alleviating holding costs, and providing exposure to exploration success through shares in the optionor, Fremont Gold Ltd.Announced the terms of a non-brokered private placement (the \"Offering\") of up to 7,500,000 units (\"Units\") at a price of $0.10 per Unit (the \"Offering Price\") for gross proceeds of up to $750,000.Selected financial dataDetails of financial results as at and for the years ended December 31, 2019 and 2018 are described in the consolidated financial statements and related notes thereto (the \"Financial Statements\"), as prepared in accordance with United States Generally Accepted Accounting Principles (\"US GAAP\"), and the MD&A for the corresponding period; copies of which are available on SEDAR at www.sedar.com. The following selected financial data is derived from the Financial Statements. Year endedAttributable to shareholders:December 31, 20...