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  • Overview
  • Location
  • Geology
  • Drilling
  • Resources
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  • Maps

Pony Creek is strategically located immediately south of Gold Standard’s Railroad-Pinion Project and totals 8,177 hectares underpinned by a Carlin-type gold system hosting an initial inferred, pit-constrained gold resource totalling 433,000 ounces of gold at an average grade of 0.52 g/t Au. It is a target rich environment underlain by well known, and newly recognized key regional gold host units including the Webb, Devil’s Gate, and the Dark Star Pennsylvania-Permian sedimentary units.

Pony Creek contains large areas of prospective rocks that have seen little direct exploration with either sampling or drilling in the world-class Carlin Trend of Nevada.

Contact Gold acquired Pony Creek in 2016 following the encouraging early exploration results of Gold Standard Ventures at the adjacent South Railroad property, the history of mining activities in the region by Newmont and the considerable historical exploration at the property by various operators dating back to the early 1980s.   At the time of acquisition 263 drill holes had been drilled on the property. Since then, Contact Gold has drilled 118 holes totaling 25,874 metres on the property and discovered and defined 5 zones of gold mineralization at shallow depths. The Pony Creek Mineral Resource Estimate (“MRE”)  pertains to the Bowl, Appaloosa, and Stallion zones, with the Bowl deposit containing approximately 79% of total inferred resources.  The mineralization is principally hosted within altered and silicified calcareous clastic rocks of the Penn-Perm Moleen Formation and at the Bowl Zone within a Tertiary (or Jurassic) rhyolite

Summary Table

Area:
8,177 hectares
Stage:
Advanced Exploration / Resource Definition
Royalty:
3% NSR 
Minerals:
Gold
Deposit Type:
Carlin
Drill Holes:
373
Resource:
Historic

Pony Creek is located within the Pinion Range in Nevada on southern portion of the Carlin Trend. It is approximately 25 km from Elko Nevada. Located to the south of Nevada Gold Mines Rain and Emigrant Mines, and borders Gold Standard Ventures’ Railroad Pinion Project.

Pony Creek Regional

The geology of Pony Creek is typical of the southern Carlin Trend, characterised by middle to upper Devonian carbonate rocks through Permian calcareous-clastic sedimentary rocks. Significant gold resources identified to date in surface exposures and drilling are spatially associated with a 3.2-km-long and 1.2-km-wide Jurassic age, porphyritic rhyolite intrusive body, either within it or in the decalcified, silicified and altered Pennsylvanian-Permian sandstones and conglomerates immediately beneath and adjacent to it, as well as along trend to the north. Other minor mineralization has been found at the Devonian Webb shale and Devil’s Gate limestone contact. Mineralization is also localized along north-, northwest and northeast-striking structures, especially where these faults intersect.Pony Creek Regional Map

 

Drill Hole From (m) To (m) Interval (m) Au (g/t)
PC18-15 1.52 4.57 3.05 0.21
PC18-16 230.13 233.18 3.05 0.26
PC18-17 13.72 25.91 12.19 0.18
  91.44 94.49 3.05 0.18
  106.68 111.25 4.57 0.34
PC18-18 4.57 38.10 33.53 0.42
PC18-19 73.15 76.20 3.05 0.28
PC18-20 169.17 185.93 16.76 0.19
PC18-21 10.67 19.81 10.67 0.34
PC18-22 19.81 30.48 10.67 0.71
PC18-23 10.67 25.91 15.24 0.29
  39.62 47.24 7.62 0.24
  64.01 96.01 32.00 0.22
PC18-24 1.52 18.29 16.76 0.28
PC18-36 22.86 27.43 4.57 0.20
PC18-37 10.67 15.24 4.57 0.16
PC18-38 3.05 13.72 10.67 0.24
  19.81 22.86 3.05 0.26
PC18-39        
PC18-40 7.62 13.72 6.10 0.70
  70.10 73.15 3.05 0.23
  92.97 96.00 3.05 0.14
PC18-41 27.43 36.58 9.14 0.28
  47.42 54.86 7.62 0.17
  71.63 86.87 15.24 0.38
  94.49 97.54 3.05 0.37
  123.45 126.49 3.05 0.27
PC18-42 3.05 6.10 3.05 0.21
PC18-43 9.14 18.29 9.14 0.35
  51.82 56.39 4.57 0.19
  74.68 79.25 4.57 0.17
  86.87 89.92 3.05 0.20
  108.21 111.25 3.05 0.16
  118.87 121.92 3.05 0.24
PC18-44 228.60 231.65 3.05 0.18
PC18-48 0.00 27.43 27.43 0.20
PC18-49 1.52 41.15 39.62 0.31
  51.82 56.39 4.57 0.55
PC18-50 0.00 50.29 50.29 0.26
  117.35 120.40 3.05 0.14
PC18-51 0.00 92.97 92.97 0.33
  16.76 30.48 13.72 0.60
Drill Hole From (m) To (m) Interval (m) Au g/t
PC18-01 28.96 56.39 27.43 0.91
including 35.05 50.29 15.24 1.18
PC18-02 1.52 60.96 59.44 0.53
PC18-03 38.10 144.78 106.68 1.37
including 86.87 134.11 47.24 2.51
PC18-04 50.29 143.26 92.97 1.00
PC18-06 129.54 164.59 35.05 0.35
PC18-12 103.63 124.97 21.34 0.61
PC18-28 100.59 149.36 48.77 0.64
PC18-29 88.39 123.45 35.05 0.34
  129.54 164.59 35.05 0.31
PC18-31 92.97 128.02 35.05 0.57
including 99.06 103.63 4.57 1.77
PC18-33 41.15 92.97 51.82 0.31
  266.70 301.76 35.05 2.42
including 274.32 298.71 24.38 3.15
  312.42 347.48 35.05 0.32
PC18-34 83.82 91.44 7.62 1.58
including 85.35 88.39 3.05 3.09
  105.16 131.07 25.91 0.55
PC18-35 121.92 141.73 19.81 0.71
PC18-46 67.06 100.59 33.53 0.44
PC18-47 51.82 73.15 21.34 0.56
PC17-03 62.48 128.02 65.53 0.65
PC17-07 44.20 123.45 79.25 0.78
PC17-08 160.02 167.64 7.62 1.03
including 196.60 207.27 10.67 0.87
PC17-10 103.63 149.35 45.72 2.82
PC17-14 4.57 24.38 19.81 0.82
PC17-19 160.02 166.12 3.95 6.10
PCC17-040 64.01 86.87 22.86 2.12
including 65.53 74.68 9.14 4.53
PC17-41 25.91 57.91 32 0.59
PC17-42 60.96 70.1 9.14 1.06
PCC17-28 199.65 205.74 6.1 1.88
NPC-1 22.86 57.912 35.1 1.271
PC-011 83.82 97.536 13.7 3.49
PC-011 91.44 92.964 1.5 19.47
PC-020 82.296 181.356 99.1 2.878
including 124.968 147.828 22.9 7.17
PC-035 112.776 129.54 16.8 2.16
PC-037 48.768 86.868 38.1 1.743
including 50.292 74.676 24.4 2.504
PC-038 39.624 53.34 13.7 2.156
PC-044 60.96 111.252 50.3 0.924
PC05-02 118.872 163.068 44.2 2.383
PC-06-06 100.584 111.252 10.7 2.387
PC-06-06 120.396 126.492 6.1 0.583
PC-06-06 129.54 137.16 7.6 0.987
PC-064 12.192 48.768 36.6 0.811
PC-064 60.96 80.772 39.6 0.73
PC-07-16 124.968 166.116 41.1 1.975
PC-07-19 111.252 153.924 42.7 2.587
PC-07-20 131.064 173.736 42.7 1.461
PC-07-21 0 45.72 45.7 1.087
PC-092 33.528 68.58 35.1 1.462
PC-100 79.248 108.204 29 1.106
Drill Hole From (m) To (m) Interval (m) Au g/t
PC18-25 57.91 60.96 3.05 0.15
  70.10 91.44 21.34 0.17
  100.59 105.16 4.57 0.22
PC18-26 65.53 92.97 27.43 0.19
  102.11 106.68 4.57 0.17
PC18-27 53.34 73.15 19.81 0.21
Drill Hole From (m) To (m) Interval (m) Au g/t
PC17-23 30.48 44.2 13.72 0.32
PC17-22 44.2 47.24 3.05 0.26
PC17-25 35.05 38.1 3.05 0.17
  65.53 68.58 3.05 0.15
  71.63 85.35 13.72 0.33
PC17-20 27.43 32 4.57 0.31
  64.01 68.58 4.57 0.72
PC17-21 12.19 19.81 7.62 0.28
  25.91 70.1 44.2 0.34
  100.59 108.21 7.62 0.18
PC17-26 25.91 35.05 9.14 0.33
  71.63 76.48 3.05 0.14
PC17-32 83.82 86.87 3.05 0.14
PC17-33 35.05 47.24 12.19 0.17
PC17-34 140.21 163.07 22.86 0.16
PC17-43 4.57 19.81 15.24 0.33
  47.24 50.29 3.05 0.15
  126.49 141.73 15.24 0.17
PC-06-03 94.488 112.776 18.3 0.878
Jul-95 105.156 190.5 0.462 57.9
Aug-95 89.916 134.112 0.804 38.1
PC-129 25.91 68.58 0.468 42.7

 

Pony Creek hosts a compliant Mineral Resource Estimate (effective date January 11, 2022) of 433,000 total inferred pit constrained ounces at an average grade of 0.52 grams per tonne (g/t) Au utilizing a US$1,600/oz pit shell and cut off grades of 0.14 and 0.22 g/t Au, depending upon recovery profile.

  •  There are clear opportunities to expand the footprint of near surface oxidized gold mineralization across Pony Creek
  •  The Stallion Zone is wide open for expansion in all directions, particularly along strike to the North
  • The Bowl Zone remains open, particularly to the NW in the direction of the Palomino target
  • Offset and infill drilling of mineralization at Appaloosa, Pony Spur and South Stallion targets

Table 1

*Tons, tonnes and ounces rounded to the nearest 1,000, and may not add due to rounding.
**Mixed lower cutoff grades are utilized depending upon recoveries for oxide, transitional and non-oxide material, using 0.15 g/t Au lower cutoff for oxide material and 0.22 g/t Au for transitional and non-oxidized material.
***Inferred Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the inferred resources tabulated above as an indicated or measured mineral resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. The estimate of mineral resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The mineral resources have been classified according to the Canadian Institute of Mining (CIM) Definition Standards for Mineral Resources and Mineral Reserves (May, 2014) and CIM Estimation of Mineral Resources & Mineral Reserves Best Practices Guidelines (2019).
****The recommended reported resources have been constrained within a US$1,600/oz gold optimized pit shell.

Cross sections through Pony Creek Block model

Pony Creek Regional Map Pony Creek Regional Map Pony Creek Regional Map Pony Creek Regional Map Pony Creek Regional Map Pony Creek Regional Map

Cross sections through Pony Creek Block model with geology background Pony Creek Regional Map Pony Creek Regional Map Pony Creek Regional Map Pony Creek Regional Map Pony Creek Regional Map Pony Creek Regional Map

 

 

All scientific and technical information relating to the Pony Creek gold project is based on and derived from a NI 43-101 technical report entitled “Technical Report on the Pony Creek Gold Project, Elko County, Nevada, USA” (the “Technical Report”), prepared for Contact Gold, with an effective date of March 15, 2017, and dated April 18, 2017, as prepared by Michael M. Gustin, C.P.G. of Mine Developments Associates of Reno, Nevada. The information contained herein is subject to all of the assumptions, qualifications and procedures set out in the Technical Report and reference should be made to the full details of the Technical Report which may be obtained from the Company’s issuer profile on SEDAR at www.sedar.com. Disclosure of the historical estimate in Contact Gold’s public disclosure, including this website, is derived from the Technical Report and has been judged to be relevant and therefore suitable for disclosure, however should not be relied upon. There are numerous uncertainties inherent in the historical estimate, which is subject to all of the assumptions, parameters and methods used to prepare such historical estimate and reference is made to the full text of the Technical Report with respect thereto. The historic estimate of mineral resources was estimated in conformity with generally accepted CIM “Estimation of Mineral Resource and Mineral Reserve Best Practices” Guidelines. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There are no other recent estimates or data currently available to Contact Gold, and a detailed exploration program is required to be conducted by the Company in order to verify or treat the historical estimate as a current mineral resource. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves and the Company is not treating the historical estimate as current mineral resources.

Pony Creek Drill Collars

Drilling is targeting three distinct areas - Bowl Zone, Appaloosa Zone and the newly discovered Stallion Zone. Significant oxidized gold corridors have been defined at the Stallion, Appaloosa and Bowl Zones. All zones open for expansion in most directions.

Pony Creek Drill Collars Drilling in the bowl zone. Significant oxidized corridors defined in the western portion of the Bowl Zone which remain open for significant expansion. Gold mineralization starting at surface and is associated with Penn – Perm clastic rocks and carbonates (Dark Star host).
Pony Creek Drill Collars Contact Gold has identified multiple targets through soil & rock sampling, geologic mapping, geophysics and modelling of drill hole data:
Stallion Target: ~2.3 km long oxidized gold target defined by drilling, hosts 63,000 inferred gold ounces at 0.27 g/t Au, and is wide open for expansion
Mustang Target: ~1.5 km target defined by geology, geophysics and high gold in soil – never drilled, hosts 30,000 inferred gold ounces at 0.5 g/t Au and remains open for expansion.
Appaloosa Zone: 1 km x 300 m oxide, defined by limited drilling and high gold in soil – open for expansion
Bowl Zone: Hosts 340,000 inferred gold ounces at 0.63 g/t Au with clear opportunities for expansion.
Pony Creek Drill Collars Contact’s gravity survey defined the main corridor of anomalism that links into GSV’s Dark Star and Pinion deposits as well as Newmont’s Emigrant and Rain Mines. To date, the best gold intercepts at Pony have been discovered at the intersection between north-south and northwest-southeast structures defined by the gravity survey.
Pony Creek Drill Collars Contact’s gravity survey with interpreted structural corridors in relation to all drilling on the property.
Project Overview

Plan view of Pony Creek resource areas, showing pit oulines (red) and resource block model.