New Gold Zone Drilling 1.14 g/t Oxide Gold Over 25 Meters At Green Springs Project

VANCOUVER -  Contact Gold Corp. reported the results from the first 2 drill holes from the Zulu Zone as part of the ongoing 2020 drill program at the Green Springs gold property. To date, 5,600 meters have been completed in 10 core holes and 31 reverse circulation drill holes. Results are pending for an additional 36 holes. A further 1,700 meters of drilling are currently planned for the remainder of current program.

Zulu Zone Drill Highlights: Contact Gold's initial drill program at Zulu; 1.14 g/t oxide Au over 25.9m in hole GS20-05, 80% Cyanide recovery, Including 1.4 g/t Au over 15.2m, Extends gold mineralization 200m south of the Echo zone; GS20-05 adds a third control point to two existing intercepts of gold mineralization drilled in 1987 (0.62 g/t Au over 18.2m in hole 87-559, and 0.29 g/t Au over 4.5m in hole 87-545), These three holes containing gold mineralization confirm Zulu as a defined zone of gold mineralization; There is now continuous oxide gold mineralization in drilling, over 200m, from Echo to Zulu when combined with hole GS20-03 at the Echo Zone; and Gold mineralization at the Zulu Zone is hosted within strongly oxidized, altered and silicified Mississippian Chainman Shale and Limestone, the principal host rocks along the Green Springs Mine Trend.

"The drill results announced validate our targeting methodology through the drill bit," said, Matt Lennox-King, CEO. "We developed the Zulu target through 3D modeling of gold mineralization and geology at the nearby Delta and Echo zones, and are confident the key structures and host rocks extend south of Zulu. We are excited to continue working south of these two holes to further expand the Zulu Zone which remains wide open to the south."

Zulu is located 200m south of the Echo zone. This target represents the southernmost extension of the north-south trend of gold mineralization that defines the Delta and Echo zones, at an intersection with an east-west cross fault, which are important controls on gold mineralization in all known zones at Green Springs. One historical hole along this trend, which returned 18.29m of 0.62 g/t Au, was the first indication that significant thicknesses of gold mineralization continued to the south of Echo.