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  • Overview

Contact Gold holds 10 other properties that are located on the Carlin, Independence and Northern Nevada Rift gold trends. The properties host both Carlin-type and low sulphidation, epithermal gold occurrences and targets, the principal deposit types in the state.

The projects have been largely dormant or intermittently explored over the past decade, representing a potential opportunity to leverage new exploration concepts and technologies on the large and prospective land package into new discoveries.

The properties are all early stage and do not contain any mineral resource estimates as defined by NI 43- 101. There has been insufficient exploration to define a mineral resource estimate on any of the properties. It is uncertain if further exploration will result in targets on any of the properties being delineated as a mineral resource.

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Property Name Deposit Stage Hectares Drill Holes Historic Resource Royalty Details
Rock Creek / South Silver Cloud LS Epithermal Advanced 5,016 109 47 koz
@ 0.85 g/t(1)
3% NSR
(1% buyback for US$1.0MM)
Santa Reina LS Epithermal & Carlin Early 1,555 NA NA 3% NSR
(1% buyback for US$1.0MM)
Rock Horse LS Epithermal Advanced 1,547 NA NA 3% NSR
Golden Cloud LS Epithermal Early 1,497 5 NA 3% NSR
(1% buyback for US$1.0MM)
Dry Hills Carlin Grass Roots 803 NA NA 4% NSR
(2% buyback for US$4.0MM)
Wilson Peak LS Epithermal & Skarn Early 727 35 NA 4% NSR
Sno LS Epithermal Early 652 NA NA 4% NSR
(2% buyback for US$4.0MM)
Cobb Creek Carlin Intermediate 426 142 173 koz
@ 1.31 g/t(2)
 
Hot Creek LS Epithermal Early 209 5 NA 4% NSR
(2% buyback for US$4.0MM)
Woodruff Carlin Early 150 2 NA 4% NSR
(2% buyback for US$4.0MM)

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  1. Rock Creek Technical Report dated August 18, 2006 (refer to Information Regarding Historic Resources in Appendix C).
  2. Cobb Creek Technical Report dated September 18, 2006 (refer to Information Regarding Historic Resources in Appendix C).
Project Geology
Cobb Creek Alluvium cover dominates most of the property. Geology comprises Snow Canyon formation (Valmy Grp and Rodeo Creek equivalent; argillites and greenstones) underlain by Van Duzer formation carbonate sequence. Complex structural history with early compression and later extension. Flat lying Ore zone in upper plate with mineralization hosted in altered basalt/andesite cut by low angle quartzcalcite veins.
Hot Creek Large hot springs system in Tertiary volcanic units along north-south structures, sinter terraces present, veins up to 5-10 ft noted.
Rock Horse Tertiary volcanic units cover, two zones of anomalous mineral defined, mercury showings adjacent to property in silicified Tuff.
Sno Tertiary volcanic units and silica sinters with high level veins at surface.
Santa Reina Vinini Formation is overlain by Tertiary rhyolitic flows.
Golden Cloud Altered Tertiary Volcanics, expected to have similar geological units to the Ivanhoe district.
Rock Creek Geology comprises Tertiary andesite overlain by latite flows and tuffs that volumetrically increase to the north and are intruded by rhyolite dykes/sills and a late latite porphyry. Opaline silica is localed developed within the tuff unit. Major faults mapped at typically near north-striking that host rhyolite dykes and associated with mineralization. Mineralization appears to dip steeply-moderately to the west and appears to be pyrite dominated.
Woodruff Chainman formation shale exposed within a north-trending horst block with Woodruff formation to the west and Diamond Peak conglomerates to the east. Thickness of the units is unknown (estimated at >2000 ft).
Dry Hills Altered Jurassic lithologies, jasperoid and barite occurrences.

Appendix C: Information Regarding Historic Resources

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the Company is not treating the historical estimate as current mineral resources.

The technical information included in this document in reference to Pony Creek has been reviewed and approved by Mr. Michael M. Gustin, Ph.D., C.P.G., Licensed Professional Geologist in the state of Utah (#5541396-2250), Licensed Geologist in the state of Washington (# 2297), Registered Member of the Society of Mining Engineers (#4037854RM), and Certified Professional Geologist of the American Institute of Professional Geologists (#CPG-11462). Mr. Gustin is “independent” of the Corporation within the meaning of NI 43-101 and is considered, by virtue of his education, experience and professional association, to be a “qualified person” within the meaning of NI 43-101.

The technical information included in this document in reference to Pony Creek is from the report titled “Technical Report on the Pony Creek Gold Project, Elko County, Nevada, USA”, dated March 15, 2017.

The technical information included in this document in reference to Cobb Creek is from the report titled “Technical Report on the Cobb Creek, McCall Area, Elko County, Nevada”, dated September 18, 2006, and prepared for Staccato Gold Resources Ltd., Allied Nevada Gold Corporation, and Vista Gold Corporation.

The technical information included in this document in reference to Rock Creek is from the report titled “Technical Report on the Rock Creek – South Silver Cloud Gold-Silver Property, Argenta Mining District, Lander and Eureka Counties, Nevada, USA”, dated August 18, 2006, and prepared for Vista Gold Corporation and Allied Nevada Gold Corporation.

The technical information included in this document regarding Pony Creek, Rock Creek and Cobb Creek have been summarized from the respective technical reports, and are qualified in its entirety with reference to the full text of the technical reports and are subject to all the assumptions, conditions and qualifications set forth in the technical reports.

The Pony Creek Technical Report is filed on the Company’s issuer profile at www.sedar.com, and should be referred to for details regarding the data verification undertaken with respect to the scientific and technical information included in this document, for additional details regarding the related exploration information, including interpretations, the QA/QC employed, sample, analytical and testing results and for additional details regarding the mineral resource and mineral reserve estimates disclosed herein.

Due to the uncertainty that may be attached to inferred mineral resource estimates, it cannot be assumed that all or any part of an inferred mineral resource estimate will be upgraded to an indicated or measured mineral resource estimate as a result of continued exploration. Confidence in an inferred mineral resource estimate is insufficient to allow meaningful application of the technical and economic parameters to enable an evaluation of economic viability sufficient for public disclosure, except in certain limited circumstances set out in NI 43-101. The mineral resource estimate includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied. There is no assurance that mineral resources will be converted into mineral reserves.