Contact Gold Completes 2021 Phase 1 Drill Program At Green Springs Gold Project, Nevada
June 01, 2021 at 08:27 am EDT
Contact Gold Corp. announced the completion of the first phase of the 2021 drill program at its Green Springs gold project in White Pine County, Nevada. Phase 1 drilling totaled 59 drill holes for 7,511 metres completed from early March to late May. The Mine Trend is defined by a 3km long north-south oriented zone of near surface oxidized gold
mineralization, hosted within the Chainman Shale. The Pilot Shale, a well-known regional host rock, underlies the Mine Trend at an approximate depth of 100 metres and was intermittently tested by Contact Gold in 2020. The Pilot Shale beneath the Mine Trend represents an excellent opportunity for additional discoveries. Drilling by Contact in 2020 expanded the Mine Trend from 2 kilometres to 3 kilometres in length through new discoveries at Zulu and at the northern end of the Trend. Wide intervals of gold mineralization above 2 g/t Au were originally discovered at Echo in 2019. Green Springs is located near the southern end of the Cortez Trend of Carlin-type gold deposits in White Pine County, Nevada, east of Fiore Gold's Pan Mine and Gold Rock Project and south of Waterton's Mount Hamilton deposit. The Green Springs property is 18.5 km2 encompassing 3 shallow past producing open pits and numerous targets that were not mined. Contact Gold signed a purchase option agreement with Ely Gold Royalties ("Ely Gold") to acquire an
undivided 100% interest in Green Springs in July 2019. Green Springs is an early-stage exploration
property and does not contain any mineral resource estimates as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101").