Contango Lucky Shot drilling hits 140.23 g/t gold; KM vein drilling underway
Contango Silver & Gold reported additional gold assay results from its 2026 surface drilling at the Lucky Shot Project in Alaska, including 140.23 g/t gold over 0.63 meters in hole LSS26018. The release also updated underground development, which is 450 of a planned 830 meters complete, and KM vein drilling, which began September 16, 2026. The filing says the Lucky Shot work is exploratory, no mineral reserves have been declared, and the results do not demonstrate economic viability, so the update does not change the company's financial results.
Key points
- LSS26018 intersected 140.23 g/t gold over 0.63 meters and 9.97 g/t gold over 4.57 meters, including 86.98 g/t gold over 0.39 meters
- The 2026 surface drilling program ended August 31, 2026, with about 5,800 meters drilled in 27 holes versus a planned program of about 6,000 meters
- Underground exploration development has advanced 450 of 830 planned meters, about 54%, with completion expected in the middle of the fourth quarter of 2026
- KM vein underground drilling began September 16, 2026, with 10 of 17 planned holes completed and assay results expected in the fourth quarter of 2026
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.