Contact Gold (C.V) has released the assay results of the remaining four holes of the 2020 drill program. One hole tested the Alpha Zone while the three other holes were focusing on the Delta zone. The Delta holes aren’t too impressive with two empty holes and one hole reporting a 9.14 meter interval of 0.26 g/t gold. While that’s above the typical cutoff grade for a Nevada based oxide gold project, it’s not something to be very excited about and that likely is the reason why Delta isn’t mentioned even once in the press release.

It’s all about the Alpha Zone where CEO Lennox-King seems to be very happy with the thick interval of gold mineralization which is clearly above cutoff grade (although the cyanide recovery levels are a bit low so perhaps not the entire interval was oxidized). The good grades at the Alpha zone are important for the Tango target which apparently is ‘the most obvious untested drill target’ at Green Springs. Considering Tango is just a few hundred meters away from the Alpha zone, Contact is hoping to be able to link both zones. The first hole at Tango is currently being drilled so we should see some assay results by the summer.

The 2021 drill program is now in full swing and the company has already completed 3,100 meters of drilling in 23 holes, and we should see some assay results soon (likely before the end of the month).


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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