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Contango ORE and Royal Gold Announce Updated Resource Estimate at Tetlin Project
HOUSTON--(BUSINESS WIRE)--Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO) is pleased to announce updated estimates of mineralized material1 for the M
About this update from Contango Silver & Gold Inc.
[{"type":"text","content":"HOUSTON--(BUSINESS WIRE)--Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO) is pleased to announce updated estimates of mineralized material1 for the Main and North Peak areas which are operated by the Peak Gold, LLC joint venture (“Peak Gold”) in Eastern Alaska. The measured and indicated resources2 were calculated with resource cones at a gold price of $1,200 per ounce with a cut-off grade of 0.5 grams per tonne and at $1,400 gold with a cut-off grade of 0.43 grams per tonne. Measured and Indicated within $1200/oz Gold Pit Shell at a 0.50 g/t AuEq Cut-off Grade Grade > Cut-off Contained Metal Tonnage Au Ag Cu Au Ag Cu Class (kt) (g/t) (g/t) (%) (k oz) (k oz) (M lbs) Measured 484 6.25 16.73 0.15 97.3 260.4 1.6 Indicated 10,117 3.51 14.06 0.16 1,142.6 4,573.3 35.7 M&I 10,601 3.64 14.18 0.16 1,239.9 4,833.7 37.3 Equivalent Gold (g/t) = Au (g/t) + 0.0122 x Ag (g/t) Measured and Indicated within $1400/oz Gold Pit Shell at a 0.43 g/t AuEq Cut-off Grade Grade > Cut-off Contained Metal Tonnage Au Ag Cu Au Ag Cu Class (kt) (g/t) (g/t) (%) (k oz) (k oz) (M lbs) Measured 486 6.22 16.65 0.15 97.2 260.2 1.6 Indicated 10,808 3.34 13.97 0.16 1,159.5 4,854.5 38.0 M&I ...