Contango Silver & Gold (NYSE-A:CTGO) reports ‘high-grade’ gold intersections from its 2026 surface drilling program at the Lucky Shot Project in Alaska, US.
Hole LSS26018 returned 0.63m @ 140.23 grams per tonne gold (Au) and 4.57m @ 9.97g/t Au, including 0.39m @ 86.98g/t Au. LSS26021 returned 3.65m @ 18.16g/t Au, including 0.52m @ 61.73g/t Au.
LSS26019 returned 2.74m @ 13.8g/t Au, including 0.30m @ 118.36g/t Au, plus a separate 0.36m interval grading 27.28g/t Au.
The surface program concluded on 31 August 2026, with about 5,800m drilled in 27 holes from five pads. This release covers nine holes from Pads C, D, E, and F, with seven returning significant intervals.
CEO Rick Van Nieuwenhuyse says the results demonstrate continuity of the Coleman segment of the Lucky Shot vein system and better constrain previously mined zones.
“The results demonstrate the continuity of the Coleman segment of the Lucky Shot vein system and better constrain the location of previously mined zones,” Van Nieuwenhuyse adds.
Underground exploration development has advanced 450m of a planned 830m program, about 54% complete. Drilling on the KM vein began on 16 September 2026, with 10 of 17 planned holes completed from the West Drift Extension.
The company expects to complete underground development in the middle of Q4 2026. KM vein assay results are expected during the quarter and will be reported following receipt and validation.
Contango targets an updated mineral resource estimate in H1 2027, followed by a Feasibility Study targeting a five-year mine plan delivering 40,000–50,000 ounces of annual production.
Contango Silver & Gold is a Canadian precious metals explorer advancing gold and silver projects in Alaska’s historic mining districts.
Write to JC Villarba at Mining.com.au
Images: Contango Silver & Gold
