Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: C

Gold Explorer Reports Final 2019 Drill Results
News Update

Source:

Contact Gold is now planning a drill program for this year.

In a news release, Contact Gold Corp. (C:TSX.V) announced the final pending results, for two holes, from its 2019 drill program at its Green Springs gold project in Nevada.

Hole GS19-09, drilled in the Echo zone, extended oxide gold mineralization 25 meters (25m) to the south of the previously reported intercept. Highlights were 3.53 grams per ton (3.53 g/t) oxide gold over 38.1m, including 4.79 g/t gold over 25.91m and including 11.19 g/t Au over 6.1m.

"Echo continues to deliver impressive gold grades and widths and is certainly our highest priority for follow-up," President and CEO Matt Lennox-King said in the release.

Hole GS 19-10, Contact Gold's maiden hole drilled in the Bravo zone, returned gold mineralization, indicated mineralization is oxidized and showed "excellent" cyanide assay recoveries, according to the release. Returned intercepts included 1.02 g/t oxide gold over 22.86m, including 1.79 g/t gold over 10.67m.

Next for Contact Gold is to incorporate these results into its Green Springs geological model and plan a drill program for 2020, the company stated.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.




Learn More about Which Online Broker is Right for You?

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe