Final Sixteen Holes Completed At Green Springs Property

VANCOUVER - Contact Gold Corp. reported on the final 16 drill holes completed at the Green Springs property on the southern end of Nevada’s Cortez Trend, 20 km southeast of the Pan Mine operated by Calibre Mining (TSX: CXB), and 7 km immediately east of Calibre’s Gold Rock Project. These final drill holes from the Spring 2022 exploration program are from the Tango discovery zone.

“These follow up holes reinforce the widespread oxide gold at the Tango discovery.  The footprint at Tango measures in excess of 250 x 500 meters and remains open for growth through targeting key Northerly and Northwesterly striking structures in large expanses of undrilled Pilot Shale.” said Vance Spalding, VP Exploration.  “The Tango and X-Ray Zones have moved from new discoveries to rapidly growing gold zones, and pave the way for an exciting future at Green Springs.”

Tango Zone Drill Highlights: 0.51 g/t Au over 30.48 meters, from a depth of 4.57 meters, in drill hole GS22-09 Including: 1.02 g/t Au over 3.05 meters; 0.70 g/t Au over 16.76 meters, from a depth of 3.05 meters, in drill hole GS22-08; 0.50 g/t Au over 13.72 meters, from a depth of 4.57 meters, in drill hole GS22-07; and 0.45 g/t Au over 24.38 meters, from a depth of 19.81 meters, in drill hole GS22-11.

The Tango is located in the north of Green Springs 1,000 meters NE of the high-grade X-Ray Zone, and is characterized by an outcropping Pilot Shale hosted zone of oxidized gold mineralization. Approximate dimensions of this recently discovered zone are 250 x 500 meters. There are significant expanses of untested Pilot Shale to the west of the current drill pattern. Tango marks the northeastern continuation of the emerging 1.5 km long trend of oxide gold mineralization extending from the north-south Mine Trend and continuing through X-Ray, Alpha up to Tango. Each of these zones hosts impressive drilled thicknesses of near-surface, oxide gold mineralization hosted within the Pilot Shale.