Gold Intersections From Underground Drilling Program At Lucky Shot Project

FAIRBANKS, AK – Contango ORE, Inc. reported initial assay results from the ongoing 2025/2026 underground diamond drilling program at the Lucky Shot Project in Alaska. The current program represents the first phase of a multi-phase underground and surface exploration campaign designed to support resource expansion and in-fill confidence upgrades as well as technical studies intended to support a mineral resource update and feasibility study planned for H1 2027.
Rick Van Nieuwenhuyse, President & CEO said, “We are pleased with the progress being made on the underground drilling program at Lucky Shot. The program is being executed with a clear technical mandate to deliver a feasibility study in H1 2027 demonstrating a Direct Shipping (DSO) approach to developing Lucky Shot. This initial phase is about validating the geological model, tightening structural controls, and generating high-quality data from well-constrained drill platforms. The results to date confirm the continuity of the historically mined Lucky Shot vein, advance our understanding of other subsidiary veins like the L1b and L1c veins that will add to the mineral resource inventory. We are also excited about the discovery of new mineralized structures including the KM vein, which represents a new mineralized structural orientation at roughly right angles to the Lucky Shot shear zone. More drilling will be required to understand the significance of this new high-grade vein structure. Our focus remains on disciplined execution, data quality, and building confidence step-by-step as we advance the project. We look forward to continuing to report drill results from the Lucky Shot drilling periodically.”