Contact Gold Reports Q3 2023 Financial and Operating Results
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, Production
- Extracted
- 2026-08-25 03:08:58 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Contact Gold reported its Q3 2023 financial and operating results, highlighting new oxide gold drill results from the Green Springs project in Nevada. The company also received an approved Record of Decision for an expanded Plan of Operations at Green Springs and noted progress in its earn-in agreement with Centerra Gold.
Reasoning: The company reported new drill results from the Green Springs project and received a permit expansion, though it continues to report quarterly net losses.
Positive factors
- new drill intercepts reported
- permit expansion approved
- earning-in progress with Centerra
Negative factors
- net losses reported
Facts used in scoring: 15
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The document mentions drill results from a 2023 exploration program, though specific lab names are not in the snippet, the context of formal reporting implies standard protocols.
Evidence · text
“Reported final drill results from the 2023 exploration program at Green Springs.”
Extracted facts
Stored fact records: 15. Some facts used in scoring do not have a stored record.
Drill Results (15)
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
Classification
- Sample Type
- drill
- Group ID
- GS23-06:16.76-44.19
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Standard oxide intercept.
Positive factors
- solid width
Evidence · text
“1.14 g/t Au over 27.43 metres, from a depth of 16.76 metres, in drill hole X-Ray GS23-06 – oxide”
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
Classification
- Sample Type
- drill
- Group ID
- GS23-06:16.76-27.43
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Higher grade within the main intercept.
Positive factors
- higher grade sub-interval
Evidence · text
“Including: 1.73 g/t Au over 10.67 metres – oxide”
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
Classification
- Sample Type
- drill
- Group ID
- GS23-07:16.76-51.81
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Solid oxide intercept.
Positive factors
- good width
Evidence · text
“1.97 g/t Au over 35.05 metres, from a depth of 16.76 metres, in drill hole X-Ray GS23-07 – oxide”
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
Classification
- Sample Type
- drill
- Group ID
- GS23-07:16.76-27.43
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: High grade sub-interval.
Positive factors
- strong grade
Evidence · text
“Including: 5.06 g/t Au over 10.67 metres – oxide”
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
Classification
- Sample Type
- drill
- Group ID
- GS23-07:16.76-21.33
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Very high grade intercept.
Positive factors
- bonanza grade
Evidence · text
“Including: 6.96 g/t Au over 4.57 metres – oxide”
GS23-10Green Springs · goldGrade: 1.9Grade Unit: g/tIntercept: 25.91 mView all detailsHide details
Identity
- Hole ID
- GS23-10
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 1.9
- Grade Unit
- g/t
- Intercept
- 25.91 m
- From
- 89.92 m
Classification
- Sample Type
- drill
- Group ID
- GS23-10:89.92-115.83
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Solid oxide intercept.
Positive factors
- good width
Evidence · text
“1.90 g/t Au over 25.91 metres, from a depth of 89.92 metres, in drill hole X-Ray GS23-10 – oxide”
GS23-10Green Springs · goldGrade: 2.5Grade Unit: g/tIntercept: 18.29 mView all detailsHide details
Identity
- Hole ID
- GS23-10
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 2.5
- Grade Unit
- g/t
- Intercept
- 18.29 m
Classification
- Sample Type
- drill
- Group ID
- GS23-10:89.92-108.21
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Higher grade sub-interval.
Positive factors
- higher grade sub-interval
Evidence · text
“Including: 2.50 g/t Au over 18.29 metres – oxide”
GS23-11Green Springs · goldGrade: 1.41Grade Unit: g/tIntercept: 12.19 mView all detailsHide details
Identity
- Hole ID
- GS23-11
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 1.41
- Grade Unit
- g/t
- Intercept
- 12.19 m
- From
- 85.34 m
Classification
- Sample Type
- drill
- Group ID
- GS23-11:85.34-97.53
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Lower grade intercept.
Evidence · text
“1.41 g/t Au over 12.19 metres, from a depth of 85.34 metres, in drill hole X-Ray GS23-11 – oxide”
GS23-11Green Springs · goldGrade: 2.45Grade Unit: g/tIntercept: 4.57 mView all detailsHide details
Identity
- Hole ID
- GS23-11
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 2.45
- Grade Unit
- g/t
- Intercept
- 4.57 m
Classification
- Sample Type
- drill
- Group ID
- GS23-11:85.34-89.91
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Higher grade sub-interval.
Positive factors
- higher grade sub-interval
Evidence · text
“Including: 2.45 g/t Au over 4.57 metres – oxide”
GS23-12Green Springs · goldGrade: 1.67Grade Unit: g/tIntercept: 10.67 mView all detailsHide details
Identity
- Hole ID
- GS23-12
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 1.67
- Grade Unit
- g/t
- Intercept
- 10.67 m
- From
- 85.34 m
Classification
- Sample Type
- drill
- Group ID
- GS23-12:85.34-96.01
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Standard oxide intercept.
Evidence · text
“1.67 g/t Au over 10.67 metres, from a depth of 85.34 metres, in drill hole X-Ray GS23-12 – oxide”
GS23-12Green Springs · goldGrade: 2.03Grade Unit: g/tIntercept: 7.62 mView all detailsHide details
Identity
- Hole ID
- GS23-12
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 2.03
- Grade Unit
- g/t
- Intercept
- 7.62 m
Classification
- Sample Type
- drill
- Group ID
- GS23-12:85.34-92.96
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Higher grade sub-interval.
Positive factors
- higher grade sub-interval
Evidence · text
“Including: 2.03 g/t Au over 7.62 metres – oxide”
GS23-13Green Springs · goldGrade: 0.86Grade Unit: g/tIntercept: 35.05 mView all detailsHide details
Identity
- Hole ID
- GS23-13
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 0.86
- Grade Unit
- g/t
- Intercept
- 35.05 m
- From
- 77.72 m
Classification
- Sample Type
- drill
- Group ID
- GS23-13:77.72-112.77
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Low grade intercept.
Negative factors
- low grade
Evidence · text
“0.86 g/t Au over 35.05 metres, from a depth of 77.72 metres, in drill hole X-Ray GS23-13”
GS23-13Green Springs · goldGrade: 1.22Grade Unit: g/tIntercept: 18.29 mView all detailsHide details
Identity
- Hole ID
- GS23-13
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- C
Geometry
- Grade
- 1.22
- Grade Unit
- g/t
- Intercept
- 18.29 m
Classification
- Sample Type
- drill
- Group ID
- GS23-13:77.72-95.91
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Higher grade sub-interval.
Positive factors
- higher grade sub-interval
Evidence · text
“Including:1.22 g/t Au over 18.29 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
Classification
- Sample Type
- drill
- Group ID
- GS23-03:94.49-114.3
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Low grade intercept.
Negative factors
- low grade
Evidence · text
“0.77 g/t Au over 19.81 metres, from a depth of 94.49 metres, in drill hole Echo GS23-03 – oxide”
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
Classification
- Sample Type
- drill
- Group ID
- GS23-04:83.82-123.44
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-11-29T00:00:00.000Z
Reasoning: Low grade intercept.
Negative factors
- low grade
Evidence · text
“0.38 g/t Au over 39.62 metres, from a depth of 83.82 metres, in drill hole Echo GS23-04 – oxide”
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.