Six Drill Holes Completed At Green Springs Charlie Zone

VANCOUVER -  Contact Gold Corp. reported results for 6 more drill holes completed at the Charlie Zone during the 2020 drill program at the Green Springs gold property, Nevada. Drill Highlights: 2.34 g/t Au over 33.53 m from a depth of 49.99 meters in hole GSC20-05, 81% Cyanide recovery; Including: 3.01 g/t Au over 19.81 m; 1.50 g/t Au over 19.81 m from a depth of 60.96 m in hole GS20-28, 82% Cyanide recovery; Including: 1.67 g/t Au over 16.76 m; and 0.91 g/t Au over 19.81 m from a depth of 96.93 m in hole GSC20-06 - 75% Cyanide recovery.

2020 Drilling at the Charlie Zone was designed to confirm and expand oxidized near surface Chainman limestone hosted mineralization and gather the geological information necessary to properly target the poorly tested Pilot Shale target, which generally lies at a depth below surface of 200 meters or less at Green Springs. This area of Charlie is between 2 past producing open pit mines, near the current centre of the Green Springs Mine Trend, which is wide open for expansion in a southerly direction from the Zulu Zone. Gold mineralization is observed at the lower Chainman jasperoid. The results from hole GSC20-05 provide the highest-grade drill intercept in the Charlie Zone to date and are well oxidized with a CN solubility ratio of 81%.

"These results from Charlie demonstrate our ability to deliver thick intervals of oxidized gold mineralization across all zones at Green Springs," said, Matt Lennox-King, CEO. "As we continue to dial in our structural model and refine our targeting to follow up on the high-grade oxide results from 2020, we are extremely excited for the 2021 drill program at Green Springs which is expected to start up soon and will be targeting expansion of the Chainman hosted mineralization and discovery of new zones of gold mineralization in the poorly tested Pilot shale target."