Northwire Canada EditionMonday, November 2, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine +

Contango Silver & Gold Intersects 972.10 g/t Gold at Lucky Shot and Continues Underground Exploration Development Program

Contango’s high-grade drilling at Alaska’s Lucky Shot deposit continues to validate vein architecture ahead of a 2027 feasibility study.

By The Northwire Desk — AI Analysis Jun 16, 2026 · 08:00 CTGO · 23.73 Contango Silver & Gold Inc.
Executive Summary
  • Contango Silver & Gold announced final assay results from the initial phase of its 2025/2026 underground diamond drilling program at the Lucky Shot Project in Alaska.
  • The program completed 65 HQ diamond drill holes totaling ~6,020 meters, highlighting multiple high-grade gold intercepts, including an exceptional 0.17 m grading 972.10 g/t Au from the L1d Vein.
  • The company has commenced underground exploration development with contractor GMS Mine Repair & Maintenance, Inc., completing 43m of lateral advancement to establish access and drill platforms.
  • Updated geological modeling from the initial drilling has improved confidence in the Lucky Shot vein system's architecture, supporting ongoing technical studies and a targeted Feasibility Study for a Direct Shipping Ore (DSO) approach in H1 2027.
  • A follow-up drilling phase of ~12,000 meters is expected to commence in mid-August 2026, with immediate priorities including extending the West Drift to test the KM vein.
Material Impact
  • The news provides a positive, incremental update to the previously announced Lucky Shot exploration program. The 972.10 g/t Au intercept is exceptionally high-grade and reinforces the structural complexity and continuity of the vein system, but it aligns with the high-grade narrative established in prior drill results and the May 5 acquisition announcement.
  • The commencement of underground development and the clear roadmap to a 12,000-meter follow-up program de-risks the technical studies required for the H1 2027 Feasibility Study.
  • There is no new capital raise, M&A, or change to the project timeline. The impact is operational and exploratory, confirming that the company is executing its planned exploration roadmap without material deviation.
CTGO · Price
Company Overview
  • Contango Silver & Gold Inc. is a North American precious metals producer with a portfolio of high-grade gold and silver projects in Alaska and British Columbia.
  • Flagship Asset: Manh Choh Mine (30% stake via Peak Gold JV) in Alaska. The mine operates under a Direct Shipping Ore (DSO) model, commenced first gold pour in July 2024, and targets ~60,000 oz annual production.
  • Development Pipeline: Lucky Shot (Alaska, advancing to Feasibility Study), Johnson Tract (Alaska, permitting and exploration), and Kitsault Valley (British Columbia, exploration and resource expansion).
  • The company leverages cash flow from Manh Choh to fund the aggressive advancement of its 100%-owned exploration assets.
Read the original news release →

More from Contango Silver & Gold Inc.

Oct 28, 2026 · 08:02

Contango’s Manh Choh project sees drill metres exceed expectations while cost slippage and the absence of assay results keep the development news routine.

Drill Results Oct 06, 2026 · 08:01

Contango Intersects 140.23 g/t Gold over 0.63 Meters and 18.16 g/t Gold over 3.65 Meters at Lucky Shot and Advances KM Vein Drilling

Drill Results Sep 22, 2026 · 08:01

Contango’s Kitsault Indicated resource nearly doubles to 89.5 moz AgEq, though the project timeline has slipped.

Resource Estimate Sep 15, 2026 · 08:01

Contango reports thick high-grade Torbrit intercepts and a claimed link to the Torbrit-North Star deposit, though assay results for the linkage remain pending.

Drill Results Sep 08, 2026 · 17:41

Contango confirms completion of its drilling program at the Oyu Tolgoi project, marking an on-schedule milestone without releasing new assay results.

Drill Results Sep 02, 2026 · 08:01

Contango reports a high-grade Lucky Shot surface hit, though true widths and confirmation remain pending.

Drill Results