Business
Contango Enhances Economics with High-Grade Drill Results and Strategic Acquisition of the Lucky Shot Lease and Royalty
Contango Silver and Gold Inc. ("Contango" or the "Company") (NYSE American: CTGO) (TSX: CTGO) is pleased to announce the successful completion of the initial phase of the 2025/2026 underground diamond drilling program at the Lucky Shot Project in Alaska. This program represents the first phase of a multi-phase 18,000 meter underground and surface exploration campaign designed to support potential resource expansion, increase confidence in the geologic model, and advance technical studies in supp
About this update from Contango Silver & Gold Inc.
[{"type":"text","content":"FAIRBANKS, Alaska, May 5, 2026 /CNW/ - Contango Silver and Gold Inc. ("Contango" or the "Company") (NYSE American: CTGO) (TSX: CTGO) is pleased to announce the successful completion of the initial phase of the 2025/2026 underground diamond drilling program at the Lucky Shot Project in Alaska. This program represents the first phase of a multi-phase 18,000 meter underground and surface exploration campaign designed to support potential resource expansion, increase confidence in the geologic model, and advance technical studies in support of a mineral resource update and feasibility study targeted for H1 2027. The Company is also pleased to announce the acquisition of the underlying Lucky Shot lease and net smelter returns royalty.","length":759,"tagName":"p"},{"type":"text","content":"Select Highlights Include:","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"LSU26057: 0.37 m averaging 10.53 g/t Au (L1c Vein)","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"LSU26060: 1.34 m averaging 8.58 g/t Au (L1c Vein)","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"LSU26062: 2.18 m averaging 7.98 g/t Au (L1c Vein)","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"LSU26063: 1.15 m averaging 16.47 g/t Au (L2 Vein)","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"LSU26064: 2.89 m averaging 16.06 g/t Au, including","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"LSU26066: 0.31 m averaging 31.56 g/t Au (L1c Vein)","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"LSU26067: 0.35 m averaging 13.61 g/t Au (L1d Vein)","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"LSU26068: 0.30 m averaging 55.45 g/t Au (L1c Vein)","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"LSU26072: 0.84 m averaging 10.28 g/t Au (L1d Vein)","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"LSU26076: 2.71 m averaging 4.28 g/t Au, including","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"LSU26077: 0.33 m averaging 9.37 g/t Au (CK Vein)","length":48,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":544,"olType":false},{"type":"text","content":"Rick Van Nieuwenhuyse, Chief Executive Officer, stated: "Our latest drilling at Lucky Shot has exceeded expectations, pro...