Interview with the Gold-CEO, that the majors HAVE to talk to!

Contact Gold (TSX-V: C) acquired 13 projects on the famous Carlin-Trend in Nevada. Big major Goldcorp was one of the first investors in this gold exploration company. We spoke with CEO Matthew Lennox-King in detail about the potential of his projects, the opportunities in Nevada and the gold price.

(Here you can find the German version of the interview and please read our Disclaimer below)

(Hier geht es zur deutschen Version des Interviews!)

Last year Contact Gold has staked 13 Claims on the famous Carlin-Trend in Nevada. From the beginning Goldcorp invested in your company and they paid 7,5 Mio. Dollar for a stake of 15 percent. This is something very rare. How did this investment of a big major come about?

Matthew Lennox-King: Contact Gold was formed from by purchasing 13 properties (2,762 claims) from Waterton Global Resource Management.   Nevada and the Carlin-Trend are very important to major gold miners. Production from the trend accounts for over a third of Newmont’s global gold production profile and half of Barrick’s annual global gold production. A majority of the gold deposits on the Carlin Trend are easily heap-leachable and therefore very cost effective to mine resulting in very low all in sustaining costs (“AISC”), which are highly valued to majors and are why Newmont and Barrick have such large operations on the trend. Goldcorp, Kinross and OceanaGold have all expressed interest in acquiring deposits on the Carlin Trend to bolster their production profile, reduce global jurisdiction risk, and bring their global AISC down. To that end, Kinross purchased the Bald Mountain mine three years ago, which is located on the southern most part of the Carlin Trend, south of our Pony Creek Project.  Both Goldcorp and OceanaGold have a stake in neighboring Gold Standard Ventures (“GSV”)’s Railroad Project (12.7% and 15.5% respectively), which shares the same geology as our Pony Creek, North Star and Dixie Flats projects. Goldcorp took interest in Contact to gain a strong technical team with significant experience in Nevada and a history in financing exploration as well as a foothold on the south Carlin Trend in a new district play that encompasses both GSV’s Raliroad project and Contact’s Pony Creek and North Star properties.