Green Springs Gold Project Final Four Drill Holes Completed
VANCOUVER - Contact Gold Corp. reported results for the final 4 drill holes completed during the 2020 drill program at the Green Springs gold property, Nevada. Results are from the Alpha Zone; the northernmost zone of gold mineralization identified at Green Springs to date.
Highlights: 1.40 g/t Au over 42.6 meter from a depth of 24.38 m in hole GSC20-04 at the Alpha Zone, including: 1.91 g/t Au over 23.77 m; Drilling at the Alpha Zone in 2020 intersected thick intervals of variably oxidized gold mineralization hosted within the Pilot Shale; Oxidation of the gold mineralization at Alpha is controlled by high and low angle faults; The Alpha Zone is located 1.5km northeast of the Mine Trend, and remains open for expansion in all directions and sits on the same northeast structure linking Bravo to Alpha and Tango; Building the road from the Alpha Zone to the Tango Target is now complete; and Drilling the first ever holes at the Tango Target is underway.
"The Alpha Zone continues to return thick intercepts of gold mineralization. In building the road from Alpha to Tango, we aim to make the next drill discovery at Green Springs and possibly link these two targets together," said, Matt Lennox-King, CEO. "The 2021 drill program is going very well and we are looking forward to drilling the virgin Tango target, which is the most obvious untested drill target at Green Springs."
The Company has completed 3,100 meters in the first 23 drill holes of the 2021 drill program and plans to continue drilling the Mine Trend and testing the never before drilled targets "Tango", and "Foxtrot", which are located 1.5 km to the north and east of the Mine Trend, respectively. The 2021 program is focused on rapidly expanding the footprint of oxidized gold mineralization at Green Springs, by stepping out on high grade zones along the Mine Trend encountered by Contact Gold in the 2020 program, and by testing high-potential exploration targets to the east and north of the Mine Trend. Gold mineralization at Green Springs is typically near surface and well oxidized, and found in 2 key host units, the Chainman and Pilot Shales.
The Tango Target has never been drill tested. Tango is hosted in the Pilot Shale at the contact with the underlying Guilmette limestone; the same horizon that hosts drilled gold mineralization at the Alpha Zone, located 500m to the South. This horizon also hosts the deposits at Kinross's Alligator Ridge mine and at the nearby Pan mine operated by Fiore Gold.
A large gold-in-soil anomaly with values ranging from 122 ppb Au to 1070 ppb Au was outlined by previous operators over an area measuring 500 m x 250 m. Contact Gold geologists mapped and rock sampled the northern portion of Tango in early winter 2019. The highest gold samples grading +1 g/t were collected from strongly decalcified, oxidized Pilot Shale adjacent to Pilot Shale jasperoid proximal to northwest and north-south striking faults. The target is open for expansion, particularly to the west where it dives beneath Joana limestone.