other material
confidence high
sentiment positive
materiality 0.55
Contango hits 140.23 g/t Au over 0.63 m at Lucky Shot; KM vein drilling underway
Contango Silver & Gold Inc.
- LSS26018 returned 140.23 g/t Au over 0.63 m from the Coleman 4 vein and 9.97 g/t over 4.57 m from Coleman 7, including 86.98 g/t over 0.39 m.
- LSS26021 cut 18.16 g/t Au over 3.65 m across Coleman 1 and 4, including 61.73 g/t over 0.52 m; LSS26019 hit 13.80 g/t over 2.74 m incl 118.36 g/t over 0.30 m.
- 2026 surface program finished Aug 31 with ~5,800 m in 27 holes from five pads; this release covers nine holes from Pads C-F. Assays for LSS26025 and part of LSS26031 remain pending.
- Underground development 450 m of planned 830 m complete (54%); KM vein drilling began Sept 16, 2026 with 10 of 17 holes done, assays expected Q4 2026.
- CEO Rick Van Nieuwenhuyse targets an updated mineral resource estimate in H1 2027 and a feasibility study for a 5-year plan producing 40,000-50,000 oz/yr; call Oct 6, 2026, 12pm ET.