“We’ve done exactly what we set out to do this season across our entire portfolio, delivering on our commit- ments safely, on time and on budget.”
The latest milestones reflect Contango's effort to advance multiple projects during a single field season while continuing production at Manh Choh. Photo by Contango Silver & Gold
mill to recover higher-grade sulfide ore from the South Pit have been completed and are operating according to plan. Production during the current campaign is expect- ed to remain consistent with previous company guidance. The campaign was scheduled to con- tinue through September, with results anticipat- ed in Contango's third-quarter financial report in November. Contango holds a 30% interest in the Peak Gold joint venture, which operates Manh Choh. KG Mining (Alaska), an indirect subsidiary of Kinross Gold Corp., owns the remaining 70% and operates the venture. The producing operation provides cash flow that Contango is using to advance its exploration and development projects elsewhere in Alaska.
— Rick Van Nieuwenhuyse, Contango Gold & Silver CEO
The work focused on infill drilling within the Coleman portion of the resource and step-out drilling to eval- uate structural continuity between the Coleman and Lucky Shot vein systems. The company released the first batch of assay results Sept. 2, with remaining results expected in October. Contango is now transitioning to an approximately 10,000-meter underground drilling campaign sched- uled to run through February 2027. Initial drilling will target the recently discovered KM vein system, with approximately 1,100 meters planned from five drill stations along the recently completed West Drift extension. The drill will then move to the new 2080E development in October to investigate
Lucky Shot Transitions to Underground Drilling
At Lucky Shot, early snowfall brought the 2026 surface drilling program to a close slightly ahead of schedule. Completed Aug. 29, the program includ- ed 29 holes across five drilling platforms, totaling approximately 5,800 meters.
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CONTANGO SILVER & GOLD ADVANCES ALASKA PROJECTS
The programs support Contango's strategy of using cash flow from its producing operation to advance its broader portfolio of precious metals projects. “We’ve done exactly what we set out to do this season across our entire portfolio, delivering on our commitments safely, on time and on budget,” said Rick Van Nieuwenhuyse, Contango's CEO. He cited the completion of underground development, drilling, road construction and baseline studies, along with a drill program exceeding 50,000 meters at the compa- ny's Kitsault project in British Columbia.
COURTESY CONTANGO SILVER & GOLD Contango Silver & Gold has completed a series of drilling, infrastructure and environmental work mile- stones across its Alaska project portfolio, positioning the company for its next phases of exploration and development. The Fairbanks-based company reported Sept. 8 that its 2026 field programs at the Manh Choh, Lucky Shot and Johnson Tract projects had progressed on schedule and within budget. The work included completing nearly 5,800 meters of surface drilling at Lucky Shot, advancing access infrastructure at Johnson Tract and implementing mill modifications to process higher-grade sulfide ore from Manh Choh's South Pit.
Manh Choh Continues Production
At Manh Choh, the third production campaign of 2026 began Aug. 20. Modifications at the Fort Knox
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THE ALASKA MINER - THE MAGAZINE OF THE ALASKA MINERS ASSOCIATION
FALL 2026 | ALASKAMINERS.ORG
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