Drill Program Continues At Green Springs Gold Project

VANCOUVER – Contact Gold Corp. reported on the drill program at the Green Springs oxide gold project. Gold mineralization at Green Springs is hosted within the same Chainman Shale and Pilot Shale units hosting Gold Rock and Pan. The Green Springs project produced high-grade oxide gold from two open pits in the 1980’s, and is host to multiple, near-surface Carlin Type gold zones and exploration targets. Drilling is currently underway with a plan to complete up to 3,000 meters.

The Spring 2022 drill program is initially focused on follow-up to the 2021 discoveries at X-Ray and Tango, both hosted at the lower Pilot Shale contact with the underlying Guilmette limestone.  X-Ray and Tango are near-surface, well oxidized, and remain wide open for expansion with exceptional grades and thicknesses.  Drilling is expected to continue with targeted follow-up drill holes at the BC Gap discovery, which sits beneath the Green Springs Mine Trend.  

“With the Green Springs drill program well underway, we’re seeing exactly the type of alteration, oxidation and arsenic values that we saw during the discovery drilling at X-Ray and Tango in 2021.” said Vance Spalding, VP Exploration.  “The Pilot Shale is an excellent host rock across northeastern Nevada, and we believe Green Springs will continue to deliver exciting results and growth potential from the Pilot”.  

Contact Gold anticipates a second phase of drilling later in the year after results from the first phase are received and integrated into the next phase plan.  This is expected to include additional follow up drilling at Tango, X-Ray, and the BC Gap zones.  The Company believes that ongoing surface exploration at Green Springs will be successful in identifying additional prospective areas and developing further compelling drill targets, especially in the underexplored Pilot Shale, the host horizon to the Tango, X-Ray, and BC Gap discoveries.