Contango Silver & Gold announced final assay results from the initial phase of its 2025/2026 underground drilling program at the Lucky Shot Project in Alaska, highlighted by a significant high-grade gold intercept. The company also reported that it has commenced the next phase of underground exploration development to establish access for continued drilling.
Key Details
- High-Grade Intercept: The program's highlight was drill hole LSU26091, which intersected 972.10 grams per tonne (g/t) gold over 0.17 meters, including visible gold.
- Program Status: These results complete the initial phase of the exploration campaign, which consisted of 65 diamond drill holes totaling approximately 6,020 meters. The full campaign is planned for 18,000 meters.
- Next Steps: Underground development has resumed to prepare for the next phase of approximately 12,000 meters of drilling, which is expected to commence in mid-August 2026. This work will inform a Feasibility Study targeted for the first half of 2027.