Contact Gold Reports Q3 2023 Financial and Operating Results

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[{"type":"text","content":"Contact Gold Reports Q3 2023 Financial and Operating Results\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC -\n \n \n TheNewswire -\n \n \n November 29, 2023 -\n \n \n Contact Gold Corp.\n \n \n (the \"Company\" or \"Contact\nGold\")(TSXV:C\n \n \n )\n \n \n (\n \n \n OTC:CGOLF)\n \n \n is pleased\nto announce its financial and operating results for the three- and\nnine-months ended September 30, 2023.\n \n \n \n \n Contact Gold is focused on advancing the Green Springs\noxide gold project (\"Green Springs\") and the Pony Creek gold\nproject (\"Pony Creek\"), both of which host extensive and\nrobust Carlin Type gold systems.\n \n \n \n \n Green Springs is located on Nevada’s Cortez Trend, 7\nkm immediately east of the Gold Rock project operated by Calibre\nMining Corp. (TSX: CXB; OTCQX: CXBMF). Exploration at Green Springs is\nbeing funded through a partnership with a subsidiary of Centerra Gold\nInc. (\"Centerra\") pursuant to which, and only upon\nsatisfaction of the full funding commitment, Centerra has a right to\nacquire a 70% interest in Green Springs (the \"Centerra\nFarm-out\").  Drilling and exploration is directed and executed\nby Contact Gold using funds advanced by Centerra. Pony Creek is\nlocated on the southern Carlin Trend and ties on to the southern\nboundary of the feasibility-stage South Railroad gold project operated\nby Orla Mining Ltd. (TSX: OLA; NYSE: ORLA).\n \n \n \n \n Recent developments:\n \n \n \n \n \n \n \n \n \n \n On November 24, 2023, the Company received the USD 175,000\nanniversary payment due in connection with Centerra’s continued\nparticipation in the earn-in on the Green Springs oxide gold\nproject.\n \n \n \n \n \n \n Reported final drill results from the 2023 exploration\nprogram at Green Springs. Highlights of oxide gold (\"Au\")\ndrill results from the 2023 program at Green Springs include:\n \n \n \n \n \n \n 1.14 g/t Au over 27.43 metres, from a depth of 16.76\nmetres, in drill hole X-Ray GS23-06 – oxide\n \n \n \n \n \n \n Including: 1.73 g/t Au over 10.67 metres – oxide\n \n \n \n \n \n \n \n \n 1.97 g/t Au over 35.05 metres, from a depth of 16.76\nmetres, in drill hole X-Ray GS23-07 – oxide\n \n \n \n \n \n \n Including: 5.06 g/t Au over 10.67 m...

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