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    C   CA21074F1036

CONTACT GOLD CORP.

(C)
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Contact Gold Corp. Delivers Second New Gold Discovery At the Green Springs Project, Nevada

06/28/2021 | 07:37am EST

Contact Gold Corp. announce the drilling of an additional gold discovery, X-Ray, at its Green Springs gold project in White Pine County, Nevada. This new discovery at the X-Ray Target comes on the heels of the Company's Tango discovery, announced June 15, 2021, and contains even better oxide gold intercepts. The X-Ray Target sits midway between the northern end of the Mine Trend and the Alpha Zone, and bridges a gap with no prior drilling of over 500 metres between these zones. The X-Ray and Tango discoveries are the blueprint for a significant expansion opportunity at the property. X-Ray is located in a structurally complex area midway between the northern end of the Mine Trend and the Alpha Zone, bridging a gap of over 500 metres. X-Ray is hosted at the Devonian Guilmette limestone/Pilot shale contact, host to Kinross' 1.5 Moz Alligator Ridge/Vantage and Saga deposits at the Bald Mountain mine 40 km to the north The Devonian limestone/shale host at X-Ray, Tango and Alpha is underexplored at Green Springs where it underlies the Mississippian limestone/shale contact that was previously exploited along the Mine Trend Gold mineralization at X-Ray is mostly hosted within decalcified and variably oxidized and silicified Pilot Shale with minor mineralization in collapse breccia of the underlying Guilmette limestone X-Ray is open for expansion, particularly to the south and west and east Road cut sampling and detailed mapping of the drill road are underway to collect the necessary data to plan the 2nd phase drill program Contact Gold began the 2021 Green Springs drill program in late February and completed 58 drill holes totaling 7,511 meters. Assays are pending for 32 drill holes, including from the Mine Trend, Alpha Zone and the Golf Target.


ę S&P Capital IQ 2021
All news about CONTACT GOLD CORP.
11/25Contact Gold Completes First Tranche of Private Placement Financing
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11/22Contact gold reports q3 2021 financial and operating results
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11/19CONTACT GOLD : Reports Q3 2021 Financial and Operating Results
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11/19Contact Gold Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended..
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10/18CONTACT GOLD : Announces $3 Million Non-Brokered Private Placement Financing
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10/18Contact Gold Corp. announced that it expects to receive CAD 3 million in funding
CI
09/16CONTACT GOLD : Drills 0.7 gt Gold over 16.7 Metres beneath the Mine Trend at the Green Spr..
AQ
09/15CONTACT GOLD : Discovers Gold Mineralization at Green Springs Project, Nevada
MT
09/15CONTACT GOLD : Drills 0.7 g/t Gold Over 16.7 Metres Beneath The Mine Trend At The Green Sp..
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More news
Financials
Sales 2020 - - -
Net income 2020 -17,7 M -13,8 M -13,8 M
Net cash 2020 4,90 M 3,81 M 3,81 M
P/E ratio 2020 -0,84x
Yield 2020 -
Capitalization 14,9 M 11,7 M 11,6 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 8
Free-Float 95,4%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 0,05 CAD
Average target price 0,55 CAD
Spread / Average Target 1 000%
Managers and Directors
Matthew Lennox-King President, Chief Executive Officer & Director
John Eric Wenger Chief Financial Officer, Secretary & VP-Strategy
John Andrew Dorward Chairman
George Gregory Salamis Director
Charlie Davies Director
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