Contact Gold Hits 5.06 G/T Oxide Gold Over 10.7 Metres, Within 1.97 G/T AU Over 35.1 Metres at Green Springs
Original announcement by tmx on
- Company
- Contact Gold Corp.
- Ticker
- C
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results
- Extracted
- 2026-08-25 03:08:53 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Contact Gold reported significant step-out drill results from its Green Springs project in Nevada, highlighted by high-grade oxide gold intercepts in the X-Ray Zone. Notable intercepts include 6.96 g/t Au over 4.57m and 5.06 g/t Au over 10.67m, extending mineralization to the east and southeast.
Reasoning: Strong step-out drill results at the X-Ray zone with high-grade intercepts (up to 6.96 g/t Au) extending known mineralization.
Positive factors
- Step-Out Extension
- Strong grades in X-Ray zone
- Continuity demonstrated
Facts used in scoring: 7
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Results extend mineralization to the east and southeast from 2021 discovery holes.
Evidence · text
“These new results further extend mineralization to the east and southeast from the 2021 discovery holes”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Intercepts of 5.06 g/t and 6.96 g/t Au are exceptionally high grade.
Evidence · text
“Including: 5.06 g/t Au over 10.67 metres”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions review and approval by a Qualified Person (Vance Spalding, CPG).
Evidence · text
“reviewed and approved by Vance Spalding, CPG, VP Exploration, Contact Gold, who is a “qualified person””
Extracted facts
Stored fact records: 7. Some facts used in scoring do not have a stored record.
Drill Results (7)
GS23-06Green Springs · goldGrade: 1.14Grade Unit: g/tIntercept: 27.43 mView all detailsHide details
Identity
- Hole ID
- GS23-06
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 1.14
- Grade Unit
- g/t
- Intercept
- 27.43 m
- From
- 16.76 m
- To
- 44.2 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-06:16.76-44.2
- Mining Method
- unknown
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-07-27T00:00:00.000Z
Reasoning: Solid grade and thickness in a step-out hole.
Positive factors
- Step-Out Extension
Evidence · text
“1.14 g/t Au over 27.43 metres, from a depth of 16.76 metres, in drill hole GS23-06”
GS23-06Green Springs · goldGrade: 1.73Grade Unit: g/tIntercept: 10.67 mView all detailsHide details
Identity
- Hole ID
- GS23-06
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 1.73
- Grade Unit
- g/t
- Intercept
- 10.67 m
- From
- 27.43 m
- To
- 38.1 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-06:16.76-44.2
- Mining Method
- unknown
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-07-27T00:00:00.000Z
Reasoning: Higher grade sub-interval within the main intercept.
Evidence · text
“including: 1.73 g/t Au over 10.67 metres”
GS23-07Green Springs · goldGrade: 1.97Grade Unit: g/tIntercept: 35.05 mView all detailsHide details
Identity
- Hole ID
- GS23-07
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 1.97
- Grade Unit
- g/t
- Intercept
- 35.05 m
- From
- 16.76 m
- To
- 51.82 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-07:16.76-51.82
- Mining Method
- unknown
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-07-27T00:00:00.000Z
Reasoning: Strong intercept extending mineralization.
Positive factors
- Step-Out Extension
Evidence · text
“1.97 g/t Au over 35.05 metres, from a depth of 16.76 metres, in drill hole GS23-07”
GS23-07Green Springs · goldGrade: 5.06Grade Unit: g/tIntercept: 10.67 mView all detailsHide details
Identity
- Hole ID
- GS23-07
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 5.06
- Grade Unit
- g/t
- Intercept
- 10.67 m
- From
- 39.62 m
- To
- 50.29 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-07:16.76-51.82
- Mining Method
- unknown
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-07-27T00:00:00.000Z
Reasoning: High grade intercept exceeding 5 g/t threshold.
Positive factors
- Bonanza Intercept
Evidence · text
“Including: 5.06 g/t Au over 10.67 metres”
GS23-07Green Springs · goldGrade: 6.96Grade Unit: g/tIntercept: 4.57 mView all detailsHide details
Identity
- Hole ID
- GS23-07
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 6.96
- Grade Unit
- g/t
- Intercept
- 4.57 m
- From
- 44.2 m
- To
- 48.77 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-07:16.76-51.82
- Mining Method
- unknown
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-07-27T00:00:00.000Z
Reasoning: Very high grade intercept.
Positive factors
- Bonanza Intercept
Evidence · text
“Including: 6.96 g/t Au over 4.57 metres”
GS23-03Green Springs · goldGrade: 0.77Grade Unit: g/tIntercept: 19.81 mView all detailsHide details
Identity
- Hole ID
- GS23-03
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 0.77
- Grade Unit
- g/t
- Intercept
- 19.81 m
- From
- 94.49 m
- To
- 114.3 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-03:94.49-114.3
- Mining Method
- unknown
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-07-27T00:00:00.000Z
Reasoning: Moderate grade intercept in Echo zone.
Evidence · text
“0.77 g/t Au over 19.81 metres, from a depth of 94.49 metres, in drill hole GS23-03”
GS23-04Green Springs · goldGrade: 0.38Grade Unit: g/tIntercept: 39.62 mView all detailsHide details
Identity
- Hole ID
- GS23-04
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 0.38
- Grade Unit
- g/t
- Intercept
- 39.62 m
- From
- 83.82 m
- To
- 123.44 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-04:83.82-123.44
- Mining Method
- unknown
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-07-27T00:00:00.000Z
Reasoning: Low grade intercept.
Evidence · text
“0.38 g/t Au over 39.62 metres, from a depth of 83.82 metres, in drill hole GS23-04”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.