Expansion Of The Green Springs Project

VANCOUVER - Contact Gold Corp. has expanded the property position at the Green Springs oxide gold project by 19% through staking 47 new claims ahead of the start of the 2023 drill program. This additional ground was staked to cover areas of prospective host rocks and new target areas identified during a comprehensive, holistic evaluation of all project data during winter of 2022/23.  

The Company has staked 47 new claims, expanding the Green Springs project by 19% from 19.53 sq. km to 23.24 sq. km. The new claims cover key areas, including the extension of the Whiskey target on the extreme NE corner of the property and the newly identified Oscar target along a northern projection of the Mine Trend. The newly identified Oscar target has seen no historic drilling, and it is supported in the CSAMT data with associated gold and trace element soil anomalies.  It sits dead center upon the northern projection of the Mine Trend; a series of historic open pit mines and the intact zones of, shallow, high-grade, oxide gold mineralization at the Bravo, Charlie North, and Echo zones.    

“Adding claims in key areas at Green Springs ensures that we are covering newly generated targets and protecting potential extensions to existing zones.” said Matt Lennox-King, President and CEO.  “We were recently notified that our drill rig, originally scheduled for May 15th, has been delayed due to the historic snow and cold that the past winter brought to Nevada, and our contractor estimates the rig will now arrive in June, initially targeting extensions to the recently discovered X-Ray and Tango oxide gold zones.  In the meantime, target refinement activities are underway, with the team eagerly conducting mapping and soil grid sampling over these new targets to develop precise drill hole locations.”