Contact Gold Extends X-Ray Zone by 120 Metres in Step-Out Drilling 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, Agreement transaction
- Extracted
- 2026-09-17 16:25:47 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Contact Gold has reported successful step-out drill results at the Green Springs project in Nevada, extending the X-Ray zone by 120 metres. The results include several thick, shallow, oxidized gold intercepts, suggesting the zone remains open for further expansion.
Reasoning: The release reports significant step-out drill results that extend a known mineralized zone (X-Ray) by 120m, demonstrating continuity and expansion potential in an early-stage project.
Positive factors
- Step-out drilling successfully extended the X-Ray zone by 120 metres
- Consistent shallow, oxidized gold intercepts reported
- X-Ray zone remains wide open for expansion to the south, west and northeast
- Strategic location near existing mines (Gold Rock and Pan Mine)
Facts used in scoring: 6
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Drilling extended the X-Ray zone by 120 metres to the west and south.
Evidence · text
“Contact Gold Extends X-Ray Zone by 120 Metres in Step-Out Drilling”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release includes sign-off 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””
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: Project is located 7 km from Gold Rock and 20 km from Pan Mine.
Evidence · text
“Green Springs is strategically located 7 km immediately east of the Gold Rock project”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Drill Results (6)
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
- usa_nv
- Ticker
- C
Geometry
- Grade
- 0.86
- Grade Unit
- g/t
- Intercept
- 35.05 m
- From
- 77.72 m
- To
- 112.77 m
- Intercept Depth
- 77.72 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-13:77.72-112.77
- Mining Method
- open_pit
Location
- Location
- X-Ray Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-09-06T00:00:00.000Z
Reasoning: Solid width intercept in an exploration context.
Positive factors
- Thick intercept of 35m
Evidence · text
“0.86 g/t Au over 35.05 metres, from a depth of 77.72 metres, in drill hole GS23-13 - oxide”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Green Springs is strategically located 7 km immediately east of the Gold Rock project operated by Calibre Mining Corp."
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
- usa_nv
- Ticker
- C
Geometry
- Grade
- 1.22
- Grade Unit
- g/t
- Intercept
- 18.29 m
- From
- 77.72 m
- To
- 96.01 m
- Intercept Depth
- 77.72 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-13:77.72-96.01
- Mining Method
- open_pit
Location
- Location
- X-Ray Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-09-06T00:00:00.000Z
Reasoning: Stronger grade within the main intercept.
Positive factors
- Higher grade sub-interval
Evidence · text
“Including: 1.22 g/t Au over 18.29 metres – oxide”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Green Springs is strategically located 7 km immediately east of the Gold Rock project operated by Calibre Mining Corp."
GS23-14Green Springs · goldGrade: 0.8Grade Unit: g/tIntercept: 48.77 mView all detailsHide details
Identity
- Hole ID
- GS23-14
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- C
Geometry
- Grade
- 0.8
- Grade Unit
- g/t
- Intercept
- 48.77 m
- From
- 64.01 m
- To
- 112.78 m
- Intercept Depth
- 64.01 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-14:64.01-112.78
- Mining Method
- open_pit
Location
- Location
- X-Ray Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-09-06T00:00:00.000Z
Reasoning: Significant width provides good continuity signal.
Positive factors
- Very wide intercept of 48.77m
Evidence · text
“0.80 g/t Au over 48.77 metres , from a depth of 64.01 metres, in drill hole GS23-14 – mixed”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Green Springs is strategically located 7 km immediately east of the Gold Rock project operated by Calibre Mining Corp."
GS23-14Green Springs · goldGrade: 1.91Grade Unit: g/tIntercept: 15.24 mView all detailsHide details
Identity
- Hole ID
- GS23-14
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- C
Geometry
- Grade
- 1.91
- Grade Unit
- g/t
- Intercept
- 15.24 m
- From
- 64.01 m
- To
- 79.25 m
- Intercept Depth
- 64.01 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-14:64.01-79.25
- Mining Method
- open_pit
Location
- Location
- X-Ray Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-09-06T00:00:00.000Z
Reasoning: Stronger grade within the main intercept.
Positive factors
- Higher grade sub-interval
Evidence · text
“Including: 1.91 g/t Au over 15.24 metres – oxide”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Green Springs is strategically located 7 km immediately east of the Gold Rock project operated by Calibre Mining Corp."
GS23-17Green Springs · goldGrade: 0.57Grade Unit: g/tIntercept: 18.29 mView all detailsHide details
Identity
- Hole ID
- GS23-17
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- C
Geometry
- Grade
- 0.57
- Grade Unit
- g/t
- Intercept
- 18.29 m
- From
- 36.58 m
- To
- 54.87 m
- Intercept Depth
- 36.58 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-17:36.58-54.87
- Mining Method
- open_pit
Location
- Location
- X-Ray Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-09-06T00:00:00.000Z
Reasoning: Wide but low-grade intercept.
Positive factors
- Wide intercept
Negative factors
- Relatively low grade
Evidence · text
“0.57 g/t Au over 18.29 metres , from a depth of 36.58 metres, in drill hole GS23-17 - oxide”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Green Springs is strategically located 7 km immediately east of the Gold Rock project operated by Calibre Mining Corp."
GS23-17Green Springs · goldGrade: 1.3Grade Unit: g/tIntercept: 3.05 mView all detailsHide details
Identity
- Hole ID
- GS23-17
- Project
- Green Springs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- C
Geometry
- Grade
- 1.3
- Grade Unit
- g/t
- Intercept
- 3.05 m
- From
- 36.58 m
- To
- 39.63 m
- Intercept Depth
- 36.58 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- GS23-17:36.58-39.63
- Mining Method
- open_pit
Location
- Location
- X-Ray Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-09-06T00:00:00.000Z
Reasoning: Higher grade sub-interval.
Positive factors
- Higher grade sub-interval
Evidence · text
“Including: 1.30 g/t Au over 3.05 metres – oxide”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Green Springs is strategically located 7 km immediately east of the Gold Rock project operated by Calibre Mining Corp."
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.