Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
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 →

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