Contact Gold - Overview of Green Springs Project
Overview of Green Springs Project
Source: Contact Gold
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  • Contact Gold Corp. (C) released its financial and operating results for Q2 2022
  • Losses attributable to shareholders for the three-and six-months ended June 30, 2022, were $1.15 million and $1.97 million
  • On June 30, 2022, total assets comprised primarily of exploration and evaluation assets of $29.39 million, and $1.16 million in cash
  • Contact Gold Corp. (C) was trading steady at $0.045 as of 2 pm ET

Contact Gold Corp. (C) released its financial and operating results for Q2 2022.

Losses attributable to shareholders for the three-and six-months ended June 30, 2022, were $1.15 million and $1.97 million.

The company pointed to costs incurred for general administration, as well as exploration and evaluation of its exploration property interests.

On June 30, 2022, total assets comprised primarily of exploration and evaluation assets of $29.39 million and $1.16 million in cash.

Drilling at its Green Springs project continued to generate high-grade, oxide gold mineralization over an increasingly large footprint that remains open in all directions. Recent results from the X-Ray Zone at Green Springs highlight the near-surface, oxide high-grade gold opportunity at the property.

Contact Gold is focused on advancing the Green Springs and Pony Creek gold projects in Nevada, which host extensive and robust Carlin Type gold systems.

Contact Gold Corp. (C) was trading steady at $0.045 as of 2pm ET.


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