Over 25m Of Oxide Gold At Green Springs Project
Contact Gold Corp. (TSXV:C) has reported positive results from the first two drill holes from the Zulu Zone as part of the ongoing 2020 drill programme at the Green Springs gold property in Nevada.
To date, 5,600m have been completed in 10 core holes and 31 reverse circulation drill holes. Results are pending for an additional 36 holes as of the date of this release. A further 1,700m of drilling are currently planned for the remainder of current programme.
Zulu Zone Drill highlights:
- 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 mineralisation 200m south of the Echo zone
- GS20-05 adds a third control point to two existing intercepts of gold mineralisation 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)
Matt Lennox-King, CEO of Contact Gold said these three holes containing gold mineralisation confirm Zulu as a defined zone of gold mineralisation
He said 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.
“The drill results announced today validate our targeting methodology through the drill bit,” Mr Lennox-King said.
“We developed the Zulu target through 3D modelling of gold mineralisation 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 mineralisation 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.
Green Springs is located near the southern end of the Cortez Trend of Carlin-type gold deposits in White Pine County, Nevada, adjacent to Fiore Gold’s Pan Mine and Gold Rock Project and Waterton’s Mount Hamilton deposit.
The Green Springs property is 18.5 sq. km encompassing three shallow past producing open pits and numerous targets that were not mined. Contact Gold’s 2020 drill program stared at the Echo Zone and has progressed through the Zulu, Charlie, Alpha, Bravo and Golf Zones. Contact Gold signed a purchase option agreement with Ely Gold Royalties to acquire an undivided 100% interest in Green Springs in July 2019.
