Contango reports high-grade drill results and acquires full control of Lucky Shot project in Alaska.

Contango Silver and Gold Inc. announced successful completion of the initial phase of its 2025/2026 underground drilling program at the Lucky Shot Project in Alaska, revealing high-grade gold assay results that expand the known mineralized system. The company also acquired full ownership of the Lucky Shot lease and royalty, streamlining project economics and reducing costs. This acquisition and drilling success position Contango to advance the project toward a feasibility study targeted for the first half of 2027, with further underground development and drilling planned to continue expanding resources.