Contact Gold Corp. (TSXV:C)

Contact Gold Corp. (TSXV:C)

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Contact Gold is a gold exploration company focused on leveraging its properties, people, technology and capital to make district scale gold discoveries in Nevada. Contact Gold's extensive land holdings are primarily on the prolific Carlin trend, as well as the Independence and Northern Nevada Rift gold trends which host numerous world class gold mines and deposits.

-Pony Creek is strategically-located immediately south of Gold Standard’s Railroad-Pinion Project and totals 8,177 hectares underpinned by a Carlin-type system with historic gold resources. It is a target rich environment underlain by well known, as well as, newly recognized key regional gold host units including the Webb, Devil’s Gate, and the Dark Star Pennsylvania-Permian sedimentary units. Pony Creek contains large areas of prospective rocks that have never been sampled in the world-class Carlin Trend of Nevada. Numerous historic drill holes containing long intercepts of gold mineralization remain open for expansion through offset drilling based upon proper stratigraphic and structural understanding of ore controls.

Geology:Pony Creek
is that typical of the southern Carlin Trend, characterised by middle to upper Devonian carbonate rocks through Permian clastic sedimentary rocks. Almost all significant gold mineralization identified to date in surface exposures and historic drilling is spatially associated with a 3.2-km-long and 1.2-km-wide Eocene age, porphyritic rhyolite intrusive body, either within it or in silicified and altered Mississippian-Permian clastic rocks immediately beneath and adjacent to the intrusion. This rhyolite intrusive body is variably hydrothermally altered and locally mineralized. This mineralization appears to be related to, or controlled by, north-, northwest and northeast-striking structures.

-The Green Springs gold project is located at the southern end of Nevada’s prolific Carlin Trend, 60 km southwest of the historic mining centre of Ely, Nevada in a region hosting numerous producing and past producing Carlin-type gold deposits. Green Springs is approximately 10 km east of Fiore Gold’s Gold Rock Project, 10 km south of Waterton’s Mt. Hamilton gold deposit and 20 km southeast of Fiore Gold’s producing Pan Mine. Other deposits/past producers in the region include Illipah (Waterton) and Griffon (Liberty Gold). The Bald Mountain mine complex operated by Kinross Gold is located 45 km to the north of Green Springs. The Green Springs gold project hosts a past producing heap-leach gold mine that produced 72,000 ounces of gold from a series of shallow pits, less than 100 metres deep, at an average grade of 2.32 g/t Au in the late 1980’s for US Minerals Exploration (USMX).

Geology:Green Springs
hosts a widespread and shallow Carlin-type gold system, hosted within Mississippian rocks of the Chainman and Joanna limestone formations, associated with de-carbonatization, silicification, jasperoid development, and typical pathfinder elements including Arsenic, Antimony, Mercury, and Thallium.
Gold mineralization has also been intersected in limited drilling at the Pilot Shale – Guilemette Limestone contact. This new target horizon is interpreted to be present across the property at a shallow depth and represents a compelling exploration opportunity.

"South Carlin Projects"

-North Star is primarily covered with post mineral alluvium which would conceal a Carlin-type gold system. The key regional host strata and structures are interpreted to underlie the alluvium and have never been sampled or drill tested.

Geology:North Star
is located on trend and directly north of Gold Standard's North Dark Star oxide gold discovery. It is a target-rich environment with key regional gold host units including the Webb, Devil's Gate, and the Dark Star Pennsylvania-Permian carbonate units. North Star has never been drill tested.

-Dixie Flats has seen limited exploration activity in the past consisting of geophysical surveys and drilling. Dixie Flats is covered by post mineral alluvium, but historic drilling encountered key Mississippian carbonate rocks and Carlin type gold mineralization in the form of drill intercepts. The proximity to operating gold mines, underlain by similar geology, is believed to be an indicator of excellent prospectivity at Dixie Flats.

-Contact Gold holds 8 other properties that are located on the Carlin, Independence and Northern Nevada Rift gold trends. The properties host both Carlin-type and low sulphidation, epithermal gold occurrences and targets, the principal deposit types in the state.The projects have been largely dormant or intermittently explored over the past decade, representing a potential opportunity to leverage new exploration concepts and technologies on the large and prospective land package into new discoveries.The properties are all early stage and do not contain any mineral resource estimates as defined by NI 43- 101. There has been insufficient exploration to define a mineral resource estimate on any of the properties. It is uncertain if further exploration will result in targets on any of the properties being delineated as a mineral resource.

Geology:Hot Creek
Large hot springs system in Tertiary volcanic units along north-south structures, sinter terraces present, veins up to 5-10 ft noted.

Chainman formation shale exposed within a north-trending horst block with Woodruff formation to the west and Diamond Peak conglomerates to the east. Thickness of the units is unknown (estimated at >2000 ft)

Contact Gold is well capitalized with a strong treasury to fund its exploration programs. Its shareholders include Waterton Global Resource Management, Goldcorp and several leading mining focused institutional investors.

Contact Gold Corp.. is a publicly traded company listed on the TSXV under the ticker symbol C. If you are a U.S resident and would like to purchase Canadian securities traded on the TSXV or CSE please open an account at Interactive Brokers (Phone #1-877-442-2757 ) Interactive Brokers is an online discount brokerage that offers U.S residents access to trading Canadian securities. This is not investment advice. Please view the disclaimer found on this website.
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