Second Drill Rig Added At Green Springs Gold Project

VANCOUVER - Contact Gold Corp. has added a second drill rig to its ongoing drill program at the Green Springs gold property. One reverse circulation drill rig is now drilling in the past producing Charlie pit, and a core rig is drilling at the Echo Zone.

Key Points: A core drill rig has been brought onsite to push drill holes down to the Pilot Shale target beneath known Chainman Shale hosted gold mineralization along the 2.5 km long Mine Trend including the Echo Zone; This will be the first ever core drilling program at Green Springs; 3 drill holes have been completed at the Echo Zone, and 3 holes have been completed at the Zulu Target Assays are pending; and Additional claims added to northern boundary of the project to cover the possible extension of the Tango target.

"In over 600 historical drill holes, not a single core hole was completed. Drilling core holes and increasing drill production with two rigs working on site will add a lot of geological value and will enable us to test the next prospective host unit down, the Pilot Shale, beneath the past producing pits and the Echo Zone," said, Matt Lennox-King, CEO of Contact Gold. "As the drill program intensifies, we look forward to our first results from Echo and Zulu and exploring our newly staked claims north of Tango."

Contact Gold has staked 19 new claims (1.5 km2) immediately north of the Tango target along the Pilot Shale/Guilmette Limestone contact. Previously reported rock and soil results from the Tango target returned up to 1.5 g/t Au in strongly decalcified, oxidized Pilot Shale. At Tango, the lower Pilot Shale formation is intensely silicified with strong hematite and hydrothermal barite alteration, and dips shallowly west beneath unaltered upper Pilot Shale. 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 intends to build roads and drill pads in late 2020 to facilitate an initial drill program at Tango.