Issue link: http://resourceworld.uberflip.com/i/1012424
30 www.resourceworld.com A U G U S T / S E P T E M B E R 2 0 1 8 Contact Gold Corp. [C-TSXV] released drill results from the first five holes, total- ling 983 metres, from its 16,000-metre 2018 drill program at the Pony Creek property on the Carlin trend, Elko County, Nevada, adjacent and immediately south and east to Gold Standard Venture's Railroad Project. The first five holes were designed to offset and build upon areas of higher-grade, oxi- dized gold mineralization identified in the company's 2017 drill program. Drill highlights: • 2.51 g/t gold over 47.24 metres from 86.87 metres in drill hole PC18-03; • 1.00 g/t gold over 92.97 metres from 50.29 metres in drill hole PC18-04; • 0.53 g/t gold over 59.44 metres from 1.52 metres in drill hole PC18-02; • 0.91 g/t gold over 27.43 metres from 28.96 metres in drill hole PC18-01. Contact's President and CEO, Matt Lennox-King, stated "We are very pleased with these initial results, particularly the intersection of the best high-grade oxide gold zone in a step-out hole so far from the western edge of the Bowl zone at Pony Creek. These results confirm our oxide tar- geting model and further demonstrate the excellent potential of our flagship project. The 99% gold recovery by cyanide assays in hole PC18-03 compared to the fire assays is extremely encouraging as we continue our focus on drilling higher-grade, oxi- dized gold mineralization." These drill holes were designed to expand gold mineralization intersected by Contact Gold in 2017, as well as to test new targets generated during the 2017 explora- tion program. Contact Gold has completed fifteen holes in 2018 totalling 4,000 of 16,000 planned metres of reverse circula- tion and core drilling. The drill program forms part of a comprehensive property- wide exploration program comprised of 4,000 soil samples, geological mapping and additional drill target generation. A core drill has been added to the program in July. Key points: • Contact Gold is focused on expanding its high-grade gold mineralization with an emphasis on oxide gold mineralization. • All five holes are from the western edge of the Bowl Zone, upgrading and expand- ing the mineralization to the west where there is limited historical drilling. • The higher-grade oxide zone emerging in the west side of the Bowl Zone is open to the north and may continue to the West target which will be tested by drilling later this summer. • High-quality new targets generated through the company's 2017 explora- tion program will be aggressively tested by drilling in 2018 with the objective of delivering the next significant new discov- GOLD Gold Assay Highlights In the last issue of Resource World we presented Copper Assay Highlights. In this issue we continue that feature and present Gold Assay Highlights.