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Contact Gold Reports Q2 2019 Financial and Operating Results and Voting Results from Annual Meeting
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2019) - Contact Gold Corp. (TSXV: C...
About this update from Commodore Metals Corp.
[{"type":"text","content":"Contact Gold Reports Q2 2019 Financial and Operating Results and Voting Results from Annual MeetingVancouver, British Columbia--(Newsfile Corp. - August 13, 2019) - Contact Gold Corp. (TSXV: C) (the \"Company\" or \"Contact Gold\") is pleased to announce its financial and operating results for the three- and six-months ended June 30, 2019. Pony Creek continues to deliver shallow intervals of gold mineralization typical of many currently producing Carlin-type gold systems in Nevada. All drill holes reported for 2019 have intersected gold mineralization. With the first phase of the 2019 drilling program complete, we expect to report assay results as they become available throughout the third quarter of the year. Contact Gold's extensive land holdings are on the prolific Carlin, Independence and Northern Nevada Rift gold trends which host numerous gold deposits and mines. Contact Gold's land position comprises approximately 217 km2 of target-rich mineral tenure hosting numerous known gold occurrences, ranging from early- to advanced-exploration and resource definition stage (the \"Contact Properties\"). The Company's focus is on the Pony Creek gold property (\"Pony Creek\").Quarterly highlights and recent developments Closed a public offering of 20,000,000 common shares of the Company on May 22, 2019 for gross proceeds of $4 millionAnnounced results of first six drill holes of the 2019 reverse circulation drilling program at Pony Creek, extending previously-defined oxide gold mineralization, and continuing to deliver shallow intervals of gold mineralization typical of many currently producing Carlin-type gold systems in NevadaRenamed and refined several targets, including:\"Mustang\" - a continuation of the property's 1.5 km long gold-in-soil \"Moleen\", and \"Willow\" targets, located 600 metres north of the \"Stallion Zone\" (previously named the \"West Zone\"), and immediately south of the Jasperoid Wash zone discovered by Gold Standard Ventures (\"GSV\") \"DNZ\" - north-south striking structural target that lies on strike between GSV's Dixie target and Pony Creek's \"Appaloosa Zone\" (previously named the \"North Zone\")\"Palomino\" - immediately northwest of the high-grade oxide portion of the \"Bowl Zone\"Signed a purchase option agreement to acquire an undivided 100% interest in the past-producing Green Springs gold project ...