Contango Silver & Gold Inc. Launches 40,000-Meter Drill Program at Kitsault Valley Silver-Gold Project
Key Points and Investor Highlights
- Drill Program Initiated: Contango Silver & Gold Inc. has commenced a substantial 40,000-meter surface drill program at its Kitsault Valley Silver-Gold Project, located in the prolific Golden Triangle of British Columbia.
- Multiple Drill Rigs Active: Three diamond drills are currently operational, focusing on infill and resource expansion at the Torbrit and North Star deposits. Two additional drills are scheduled to begin within a week, accelerating the pace and coverage of exploration.
- Resource Expansion & Infill Focus: The program is targeting the Dolly Varden deposits (Torbrit, North Star, and Dolly Varden), the Wolf deposit, and the Homestake Ridge deposits (Homestake Main and Homestake Silver). The drilling aims to upgrade resources and expand known mineralization, supporting a new resource update and a preliminary economic assessment expected in the first half of 2027.
- Exploration Upside: Approximately 10,000 meters of the drilling will be dedicated to exploration holes in the Kitsault Valley and other high-potential areas within the company’s extensive land package.
- Recent High-Grade Discovery: The 2025 drill season concluded with the discovery of Torbrit-style mineralization at the Wolf deposit. Notably, hole DV25-470 intersected 518 g/t silver, 0.19% lead, and 0.34% zinc over 0.52 meters, within a broader zone grading 66 g/t silver, 0.12% lead, and 0.19% zinc over 12.45 meters—including native silver. This opens up a kilometer-scale area for further testing and potentially substantial resource growth.
- Comprehensive Studies Underway: Alongside drilling, Contango is advancing environmental baseline studies, permitting, infrastructure upgrades, metallurgical and hydrological studies. These are critical steps for moving the deposits toward development and eventual production.
Shareholder and Price-Sensitive Information
- Resource Update and Economic Study: The results of this drill program will underpin a new resource estimate and a preliminary economic assessment (Initial Assessment under US reporting standards), targeted for completion in H1 2027. Positive outcomes could significantly impact Contango’s valuation and future development decisions.
- Potential for Major Resource Expansion: The high-grade discovery at the Wolf deposit and the focus on infill drilling at multiple deposits provide the potential for material increases in resource size and quality, which can be highly price-sensitive.
- Strategic Land Holdings: Contango holds a large and diverse portfolio, including a 30% interest in the Peak Gold JV (Manh Choh project in Alaska), leases on the Johnson Tract and Lucky Shot projects, and mineral rights across approximately 400,000 acres in Alaska and British Columbia. Success at Kitsault Valley could enhance the company’s overall asset base and market perception.
- Forward-Looking Statements: Management’s comments indicate optimism regarding upcoming exploration and potential development, but investors should note the inherent risks: operational, geological, permitting, financing, and political risks, as well as uncertainties in resource estimation and commodity prices.
About Contango Silver & Gold Inc.
Contango is dual-listed on the NYSE American and TSX exchanges, focused on exploration, development, and production of gold and associated minerals in Alaska and British Columbia. The company’s assets include:
- 30% interest in Peak Gold JV (Manh Choh project, Alaska)
- Leases on Johnson Tract and Lucky Shot projects in Alaska
- Mineral rights to over 400,000 acres (including 247,000 acres in Kitsault Valley, Golden Triangle, BC)
For further information, visit www.contangoore.com.
Contact
Rick Van Nieuwenhuyse
Contango Silver & Gold
Phone: (907) 388-7770
Website: www.contangoore.com
Disclaimer
Forward-Looking Statement: This article contains forward-looking statements based on Contango Silver & Gold Inc.’s current expectations, estimates, and projections. Actual results may differ materially due to risks and uncertainties, including operational, geological, commodity price, financing, and regulatory risks. Investors should not rely solely on these statements when making investment decisions. Please refer to Contango’s filings with the U.S. Securities and Exchange Commission for further risk disclosures. This article does not constitute investment advice.
