Contact Gold (C.V) has released the assay results from the remaining sixteen holes drilled at the Green Springs gold project earlier this year. All holes were drilled on the Tango zone, which is located about 1,000 meters northeast of the high-grade X-Ray Zone. The company highlighted the intervals of four holes. Rightly so as the gold mineralization encountered in these holes has a very decent grade for a Nevada-based oxide-hosted gold deposit while the widths are excellent as well. Only four of the sixteen holes were reported on in detail and the remaining twelve holes weren’t worth highlighting. The company confirmed it encountered gold in all holes, but at lower grades than the highlighted intervals.

The new drill intervals confirm the footprint of the Tango zone at 250 meters by 500 meters and the target remains open to the north, south and west. The company seems to be particularly excited about the area to the west from the currently known mineralization as there appear to be ‘significant expanses of untested Pilot Shale’ so that will likely be where the attention and focus will be directed to in future drill programs.


Disclosure: The author has a long position in Contact Gold. Contact Gold is a sponsor of the website. Please read our disclaimer.

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