Contango ORE Buys Lucky Shot Gold Mine
accessible gold mine project. “Although it is full steam ahead for the Manh Choh project based on the latest Kinross guidance, the Lucky Shot project represents an exciting opportunity to add significant additional value for Contango shareholders and marks a new focus for the Company,” said Contango ORE President and CEO Rick Van Nieuwenhuyse. After the Willow district mines were shut down due to the war effort, little happened on the property until the 1980s when Enserch Exploration conducted an extensive exploration program, which included the development of a 457-meter exploration adit below the Lucky Shot Mine. In 1984, Enserch completed 11 underground core holes and seven surface core holes in the Coleman zone at Lucky Shot. From 2005-2009 Full Metals Minerals completed an additional 34,103 meters of drilling in 173 core holes from surface along a more than one-mile trend of high- grade gold mineralization that encompasses four zones – Coleman, Lucky Shot, War Baby, and Murphy. Each of these zones is a section of a continuous vein that has been segmented by high-angle faults.
By Shane Lasley, North of 60 Mining News Contango ORE Inc. has announced it has acquired full ownership of the historic Lucky Shot gold mine project in the Willow Mining District of Southcentral Alaska. A road-accessible project about 75 miles north of Anchorage, the 8,590-acre Lucky Shot property blankets a large portion of the Willow Creek Mining District, including the pre-World War II Lucky Shot and War Baby mines. It is estimated that from 1918 until being shut down by the federal War Production Board in 1942, these two underground operations produced some 252,000 ounces of gold from 169,000 tons of ore, indicating an average head grade of around 1.6 oz (50 grams) of gold per metric ton. All told, the various mines on the Willow Creek property produced roughly 500,000 ounces of gold from ore with an average grade north of 1 oz/t (31 g/t) prior to being closed during World War II. With Kinross Gold Corp. taking the lead on the feasibility- level studies at Manh Choh, a gold mine project near the village of Tetlin in eastern Alaska that is being advanced under a joint venture between Kinross (70 percent) and CORE (30 percent), Lucky Shot offers CORE another
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December 2021 I The Alaska Miner I www.alaskaminers.org
www.alaskaminers.org I The Alaska Miner I December 2021
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