Contango completes phase one of Lucky Shot drilling, acquires lease and royalty rights in Alaska

Contango Silver and Gold Inc. has finished the initial phase of its 2025/2026 underground diamond drilling program at the Lucky Shot Project in Alaska. This phase is part of a larger 18,000-meter exploration campaign aimed at expanding resources, improving geological understanding, and supporting a resource update and feasibility study planned for the first half of 2027. Additionally, Contango acquired the underlying lease and net smelter returns royalty for Lucky Shot, enhancing the project's economic potential. These developments position the company to advance its technical studies and potentially increase the project's value.