Contango acquires Lucky Shot lease and royalty with high-grade drill results

News provided by Contango Silver & Gold Inc. May 05, 2026, 08:00 ET Share this article Share to X Share this article Share to X FAIRBANKS, Alaska , May 5, 2026 /PRNewswire/ - Contango Silver and Gold Inc. ("Contango" or the "Company") (NYSE American: CTGO) (TSX: CTGO) is pleased to announce the successful completion of the initial phase of the 2025/2026 underground diamond drilling program at the Lucky Shot Project in Alaska. This program represents the first phase of a multi-phase 18,000 meter underground and surface exploration campaign designed to support potential resource expansion, increase confidence in the geologic model, and advance technical studies in support of a mineral resource update and feasibility study targeted for H1 2027. The Company is also pleased to announce the acquisition of the underlying Lucky Shot lease and net smelter returns royalty.

Continue Reading Contango Enhances Economics with High-Grade Drill Results and Strategic Acquisition of the Lucky Shot Lease and Royalty (CNW Group/Contango Silver & Gold Inc.) Figure 1. Map showing the completed and planned underground drilling of the Lucky Shot (L2) Vein from the West Drift underground development. (CNW Group/Contango Silver & Gold Inc.) Figure 2. Cross-section views through drill stations 514 and 538 showing logged geology, interpreted vein locations, visible gold observations, and reported gold assays.

A-A': drill fan through station 514, looking east. B-B': drill fan through station 538, looking east. (CNW Group/Contango Silver & Gold Inc.) Figure 2. Cross-section views through drill stations 514 and 538 showing logged geology, interpreted vein locations, visible gold observations, and reported gold assays.

A-A': drill fan through station 514, looking east. B-B': drill fan through station 538, looking east. (CNW Group/Contango Silver & Gold Inc.) Figure 3. Plan view o