other material
confidence high
sentiment positive
materiality 0.70
Contango Ore starts 2nd gold campaign at Manh Choh; Johnson Tract permitting advances
Contango Silver & Gold Inc.
- Campaign #2 processing began Aug 27; target 10,000 oz gold for Contango's 30% share.
- Campaign #1 produced 16,200 oz gold & 3,500 oz silver; total sales $36M.
- Received 404 Wetlands Permit from USACE for Johnson Tract access road; MOU with OPMP for tunnel permitting.
- Engaged SRK for Johnson Tract PEA using DSO approach; 1,500m drilling completed, on budget.
- Expects three campaigns total in 2024; total gold production guidance ~36,000 oz for Contango.