Business UpdateJun 16, 2026, 04:31 PM
Contango ORE Intersects 972.10 g/t Gold at Lucky Shot Project
AI Summary
Contango ORE, Inc. announced significant drill results from its Lucky Shot project in Alaska, highlighted by an intercept of 0.17 meters grading 972.10 grams per tonne of gold. The company also reported other high-grade gold intercepts and the recommencement of underground exploration development work. This marks the completion of the initial phase of the underground diamond drilling program, with further development aimed at establishing access for the next phase of drilling.
Key Highlights
- Contango Silver & Gold reports drill results from Lucky Shot project, including 0.17m grading 972.10 g/t gold.
- Significant gold intercepts include 5.30m grading 8.89 g/t gold (incl. 0.60m of 35.15 g/t gold) in LSU26078.
- Underground exploration development work has recommenced at Lucky Shot with contractor GMS.
- The initial phase of underground drilling comprised 65 holes totaling approximately 6,020 meters.
- The planned underground exploration development program consists of approximately 800 linear meters of excavation.
- Contango will host a conference call and webcast on June 17, 2026, to discuss the drill results.
Price Impact
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