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Contango ORE Announces Completion of S-K 1300 Technical Report Summary for Its Manh Choh Project in Alaska
HOUSTON / May 26, 2023 / Business Wire / Contango ORE, Inc. (“CORE,” “Contango” or the “Company”) (NYSE American: CTGO) is pleased to announce that it has compl
About this update from Contango Silver & Gold Inc.
[{"type":"text","content":"HOUSTON / May 26, 2023 / Business Wire / Contango ORE, Inc. (“CORE,” “Contango” or the “Company”) (NYSE American: CTGO) is pleased to announce that it has completed the Technical Report Summary (“TRS”) on the Manh Choh Project (the “Project” or “Manh Choh”), located near Tok, Alaska, U.S.A. Rick Van Nieuwenhuyse, the Company’s President and Chief Executive Officer said: “With the completion of the tolling agreement with the Fort Knox Mine, we were able to complete the TRS. I am pleased to report that the results of the report are consistent with prior guidance including the estimated All-In Sustaining Cost (“AISC”) of $1,116 per gold equivalent ounce and the initial capital costs of $64.6 million for Contango’s 30% portion. With the major contracts signed and permitting concluded, we remain on track and on budget to bring our 30% interest in Manh Choh into production in the second half of 2024.” With all the news flow expected throughout the month of May, we will be hosting a corporate update to go over all our recent news at the end of the month. Please use this link to register to our live event: https://my.6ix.com/STEXS5np The TRS summarizes the results of a Feasibility Study (“FS”) and subsequent FS economic update prepared by KG Mining (Alaska), Inc. (“KGMA”), Contango’s joint venture partner for the Project and an indirect subsidiary of Kinross Gold Corporation (“Kinross”). CORE holds a 30% interest in Peak Gold, LLC (“Peak Gold JV”), which leases approximately 675,000 acres of exploration and development, with the remaining 70% owned by KGMA, operator and manager of the Project. Contango also owns a 100% interest in approximately 167,000 acres of State of Alaska mining claims through Contango Mineral Alaska, LLC, its wholly owned subsidiary, which gives Contango the exclusive right to explore and develop minerals on these lands. A copy of the S-K 1300 Feasibility Study for the Manh Choh project can be found on our website: https://www.contangoore.com/investors/overview. Background: As a U.S. domestic and domiciled company, CORE is required to report its mineral resources in accordance with Item 1302 of Regulation S-K (\"S-K 1300\"); S-K 1300 was adopted by the Securities and Exchange Commission (the \"SEC\") to modernize mineral property disclosure requirements for mining registrants and to align U.S. disclosure requireme...