Contact Gold is a gold exploration company focused on leveraging its properties, people, technology and capital to make district scale gold discoveries in Nevada. Contact Gold's extensive land holdings are primarily on the prolific Carlin and Cortez trends, which host numerous world class gold mines and deposits. Contact Gold’s land position is comprised of 144 square kilometers of target rich mineral tenure which hosts numerous known gold occurrences, ranging from early- to advanced-exploration and resource definition stage at the advanced stage Green Springs gold project and the resource stage Pony Creek project.
Contact Gold is focused on its Pony Creek and Green Springs projects, which are located on the southern Carlin trend, and southern end of the Cortez Trend respectively. Pony Creek hosts an initial inferred gold resource of 433,000 pit constrained ounces at an average grade of 0.52 g/t Au, with excellent expansion and exploration potential. At Green Springs, the Company has made multiple gold discoveries since acquiring the project in 2019, and in December 2022 entered into an Earn In Agreement with Centerra Gold. Under the terms of the agreement Centerra has an option to acquire a 70% interest in Green Springs for cumulative earn-in exploration expenditures of US$10,000,000 and aggregate cash payments to the Company of US$1,000,000. The first-year work commitment of US$1,500,000 is guaranteed. Contact Gold will remain project manager at Green Springs, with exploration led by Contact Gold’s Vice President of Exploration, Vance Spalding.