#contactgold

Contact Gold secures past-producing gold project in Nevada allowing it to work year-round

Contact Gold (C.V) has entered into an agreement with Ely Gold Royalties (ELY.V) to acquire the Green Springs gold project from the latter. Green Springs is a past-producing project approximately 60 kilometers southwest of Ely and just 10 kilometers east and 20 kilometers southeast from Fiore Gold’s (F.V) Gold Rock and Pan projects.

The total historical production at Green Springs is estimated…

Contact Gold goes back to the Bowl Zone to hit higher-grade gold

After a successful exploration campaign in 2018 wherein Contact Gold (C.V)confirmed the widespread presence of gold mineralization on its greater Pony Creek area (with very thick intervals such as 93 meters at 0.33 g/t gold), the company decided to go back to the main Bowl Zone which hosts the historic resource estimate (1.2 million ounces at 1.5 g/t gold). We aren’t sure that historical…

Contact Gold will raise (at least) C$4M in a prospectus offering

A few months after securing C$2.85M in funding in a private placement that was priced at C$0.29 per share, Contact Gold (C.V)has now (finally) nailed down the terms of its raise with the two underwriters of the pre-announced prospectus offering. Contact will raise C$4M at a fixed price of C$0.20 per share and as this is a prospectus offering, the shares will be free tradeable. It’s a straight…

Contact Gold launches its prospectus offering on the back of a high-grade gold sample

Contact Gold (C.V) has completed and announced the results of a rock chip and channel sampling program from new road cuts. The highlight of the announcement was a grab sample which contained 1.96 g/t gold in a silicified structure exposed in a new road cut, but other channel sampling results such as 73.2 meters at 0.26 g/t gold and 36.6 meters containing 0.32 g/t gold are interesting as well.

Th…

Contact Gold discovers 116,000 square meter soil anomaly

Contact Gold (C.V) is still trying to fully figure out the gold mineralization at its Pony Creek project in Nevada, and the recently encountered gold in soil anomaly may shine a new light on the exploration plans. Approximately 600 meters west from the Pony Spur discovery, Contact Gold has now identified a large soil anomaly of 200 by 580 directly west of Pony Spur.

The large anomaly hosts…

Contact Gold: there’s gold all over the place, now it needs to chase the grade

Contact Gold (C.V)continues to find gold mineralization pretty much everywhere it looks at the Pony Creek gold project in Nevada, as its most recent exploration results continue to hit gold mineralization. 22 of the 23 holes that have been drilled on the West Zone have hit gold mineralization and the last hole Contact has reported on, hole 51, had an average grade of approximately 0.33 g/t gold…

Contact Gold raises C$635,000 through a property sale

Contact Gold (C.V)has bought itself some time before raising money by selling the Golden Cloud and Santa Renia gold exploration properties in Nevada to Waterton Precious Metals for cash proceeds of C$635,000. This transaction does make sense as Contact is now fully focusing on the Pony Creek project where it has discovered gold mineralization all over the project, up to several kilometers away…