# Contact Gold Reports 2022 Financial and Operating Results and Provides Corporate Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/contact-gold-reports-2022-financial-and-operating-results-and-provides-corporate--4af835e0-9ac7-4bf8-89ed-752b70365149 Original source: https://money.tmx.com/en/quote/C/news/6741825415516319/contact-gold-reports-2022-financial-and-operating-results-and-provides-corporate Publisher: tmx Original announcement: 2023-04-04T23:25:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Contact Gold Corp. - Ticker: C - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Resource update, Other - Extracted: 2026-09-17 15:46:32 UTC Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas summary Contact Gold reported its 2022 financial results, noting a net loss of $3.26 million and a working capital deficit. Operationally, the company highlighted high-grade 2023 drill intercepts at the Green Springs project and announced a maiden inferred resource at Pony Creek. Reasoning: The release combines routine annual financial reporting with significant operational updates, including high-grade drill intercepts and a new maiden resource estimate, offset by a continuing cash burn. - Positive factor: Strong 2023 drill intercepts at Tango and X-Ray targets - Positive factor: Strategic earn-in agreement with Centerra Gold - Positive factor: Maiden resource estimate established at Pony Creek - Negative factor: Ongoing net losses and working capital deficit - Negative factor: Resource at Pony Creek is entirely Inferred Facts used in scoring: 4 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release names a Qualified Person \(Vance Spalding, CPG\) and references NI 43-101 technical reports. Evidence · text > reviewed and approved by Vance Spalding, CPG, VP Exploration, Contact Gold, who is a “qualified person” within the meaning of National Instrument 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Pony Creek resource estimate is stated as being 100% inferred. Evidence · text > 433,000 inferred pit total constrained ounces **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The Pony Creek resource is described as an initial mineral resource estimate. Evidence · text > Announced an initial mineral resource estimate at Pony Creek ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### GS22-09 [Link to this fact](https://atlas-extractions.minestarters.com/news/contact-gold-reports-2022-financial-and-operating-results-and-provides-corporate--4af835e0-9ac7-4bf8-89ed-752b70365149#fact-drill-facts-0) Green Springs · gold #### Identity - Hole ID: GS22-09 - Project: Green Springs - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: C #### Geometry - Grade: 0.51 - Grade Unit: g/t - Intercept: 30.48 m - From: 4.57 m - To: 35.05 m - Intercept Depth: 4.57 m #### Classification - Sample Type: drill - Group ID: GS22-09:4.57-35.05 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-04T00:00:00.000Z Reasoning: Standard exploration intercept at the Tango target. Evidence · text > 0.51 grams per tonne \("g/t"\) gold \("Au"\) over 30.48 metres, from a depth of 4.57 metres, in drill hole GS22-09 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### GS22-08 [Link to this fact](https://atlas-extractions.minestarters.com/news/contact-gold-reports-2022-financial-and-operating-results-and-provides-corporate--4af835e0-9ac7-4bf8-89ed-752b70365149#fact-drill-facts-1) Green Springs · gold #### Identity - Hole ID: GS22-08 - Project: Green Springs - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: C #### Geometry - Grade: 1.02 - Grade Unit: g/t - Intercept: 3.05 m - From: 3.05 m - To: 6.1 m - Intercept Depth: 3.05 m #### Classification - Sample Type: drill - Group ID: GS22-08:3.05-6.1 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-04T00:00:00.000Z Reasoning: High-grade inclusion within GS22-08. Evidence · text > 1.02 g/t Au over 3.05 metres #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### GS22-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/contact-gold-reports-2022-financial-and-operating-results-and-provides-corporate--4af835e0-9ac7-4bf8-89ed-752b70365149#fact-drill-facts-2) Green Springs · gold #### Identity - Hole ID: GS22-01 - Project: Green Springs - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: C #### Geometry - Grade: 1.66 - Grade Unit: g/t - Intercept: 28.96 m - From: 9.14 m - To: 38.1 m - Intercept Depth: 9.14 m #### Classification - Sample Type: drill - Group ID: GS22-01:9.14-38.1 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-04T00:00:00.000Z Reasoning: Strong intercept at the X-Ray target. Evidence · text > 1.66 g/t Au over 28.96 metres, from a depth of 9.14 metres, in drill hole GS22-01 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (1) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/contact-gold-reports-2022-financial-and-operating-results-and-provides-corporate--4af835e0-9ac7-4bf8-89ed-752b70365149#fact-resource-facts-3) Pony Creek · gold Historical result Needs review: historical\_restatement #### Identity - Project: Pony Creek - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: C #### Resource scope - Estimate type: resource - Resource group id: resource:6ac63e528955cf8e03fa - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Grade: 0.52 - Grade Unit: g/t - Contained Metal: 433000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-02-28T00:00:00.000Z #### Dates - Event date: 2023-04-04T00:00:00.000Z Reasoning: Maiden resource provides a baseline but lacks geological confidence. - Positive factor: Maiden resource established - Negative factor: 100% Inferred category Evidence · text > 433,000 inferred pit total constrained ounces at an average grade of 0.52 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## 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.