Contango Silver & Gold announced initial high-grade gold assay results from its 2026 surface diamond drilling program at the Lucky Shot Project in Alaska. The company also reported the discovery of two new, high-grade mineralized vein structures during ongoing underground exploration development.
Key Details
- Highlight Drill Result: Hole LSS26016 intersected 2.45 meters grading 86.05 g/t gold, which included a higher-grade section of 0.80 meters grading 244.30 g/t gold.
- New Underground Discovery: Development of the West Drift Extension encountered two previously unmodeled KM-style mineralized vein structures. A selective hand sample from a related stockpile returned up to 395.10 g/t gold.
- Program Status: The surface drilling program is 93% complete (5,700 of 6,000 meters). The underground exploration development is approximately 40% complete (332 of 830 meters).