# Contango is building off a solid foundation Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1 Original source: https://www.miningnewsnorth.com/story/2026/05/15/news/contango-is-building-off-a-solid-foundation/9674.html Publisher: miningnewsnorth Original announcement: 2026-05-15T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-19T10:22:49.240Z Atlas analysis updated: 2026-09-19T10:22:49.240Z - Company: Contango Silver and Gold Inc. - Ticker: Unavailable - Exchange: Unavailable - Region: Alaska - Primary commodity: Gold - Secondary commodities: Silver, Zinc, Copper, Lead - Document categories: Drill results, Resource update, Production - Extracted: 2026-09-19 10:22:49 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Contango Silver and Gold is transitioning into a mid-tier precious metals company following its merger, supported by $97.5 million in treasury and gold production from the Manh Choh JV. Recent drilling at the Lucky Shot project has returned high-grade gold intercepts, and the company is planning significant exploration and development work in Alaska and British Columbia. Reasoning: The company is reporting strong drill results at Lucky Shot alongside a robust cash position and active production, signaling successful post-merger integration and growth. - Positive factor: High-grade gold intercepts reported at Lucky Shot - Positive factor: Significant cash position of $97.5 million - Positive factor: Ongoing gold production from Manh Choh JV - Positive factor: Expansion of resource through active drilling program - Negative factor: Manh Choh production expected to be down in 2026 Facts used in scoring: 16 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 60.22 g/t gold over 5.92m is exceptionally high grade. Evidence · text > 5.92 meters averaging 60.22 g/t gold **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The document mentions assays received from the 2025-26 drilling program. Evidence · text > Highlights from assays received so far from the 2025-26 Lucky Shot drilling include ## Extracted facts Stored fact records: 16. Some facts used in scoring do not have a stored record. ## Drill Results (9) ### LSU25031 [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-drill-facts-0) Lucky Shot · gold #### Identity - Hole ID: LSU25031 - Project: Lucky Shot - Commodity: gold - Region: usa\_ak - Reported Region: usa\_ak #### Geometry - Grade: 60.22 - Grade Unit: g/t - Intercept: 5.92 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: 60.22 g/t gold over 5.92m is an exceptional high-grade intercept. - Positive factor: Bonanza grade intercept Evidence · text > 5.92 meters averaging 60.22 g/t gold, including 1.16 meters averaging 294.77 g/t gold in hole LSU25031 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LSU25031 [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-drill-facts-1) Lucky Shot · gold #### Identity - Hole ID: LSU25031 - Project: Lucky Shot - Commodity: gold - Region: usa\_ak - Reported Region: usa\_ak #### Geometry - Grade: 294.77 - Grade Unit: g/t - Intercept: 1.16 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Extremely high grade sub-interval. - Positive factor: Bonanza grade intercept Evidence · text > 1.16 meters averaging 294.77 g/t gold in hole LSU25031 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LSU25039 [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-drill-facts-2) Lucky Shot · gold #### Identity - Hole ID: LSU25039 - Project: Lucky Shot - Commodity: gold - Region: usa\_ak - Reported Region: usa\_ak #### Geometry - Grade: 5.45 - Grade Unit: g/t - Intercept: 5.28 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Moderate gold grade intercept. Evidence · text > 5.28 meters averaging 5.45 g/t gold in hole LSU25039 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LSU25041 [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-drill-facts-3) Lucky Shot · gold #### Identity - Hole ID: LSU25041 - Project: Lucky Shot - Commodity: gold - Region: usa\_ak - Reported Region: usa\_ak #### Geometry - Grade: 82.33 - Grade Unit: g/t - Intercept: 0.5 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Very high grade but extremely narrow interval. - Positive factor: High grade Evidence · text > 0.5 meters averaging 82.33 g/t gold in hole LSU25041 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LSU25045 [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-drill-facts-4) Lucky Shot · gold #### Identity - Hole ID: LSU25045 - Project: Lucky Shot - Commodity: gold - Region: usa\_ak - Reported Region: usa\_ak #### Geometry - Grade: 7.11 - Grade Unit: g/t - Intercept: 3.86 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Strong gold grade intercept. Evidence · text > 3.86 meters averaging 7.11 g/t gold in hole LSU25045 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LSU26064 [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-drill-facts-5) Lucky Shot · gold #### Identity - Hole ID: LSU26064 - Project: Lucky Shot - Commodity: gold - Region: usa\_ak - Reported Region: usa\_ak #### Geometry - Grade: 16.06 - Grade Unit: g/t - Intercept: 2.89 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Strong gold grade intercept. - Positive factor: High grade Evidence · text > 2.89 meters averaging 16.06 g/t gold in hole LSU26064 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LSU26064 [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-drill-facts-6) Lucky Shot · gold #### Identity - Hole ID: LSU26064 - Project: Lucky Shot - Commodity: gold - Region: usa\_ak - Reported Region: usa\_ak #### Geometry - Grade: 74.2 - Grade Unit: g/t - Intercept: 0.5 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: High grade sub-interval. - Positive factor: High grade Evidence · text > including 0.5 meters averaging 74.2 g/t gold #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-drill-facts-14) Kitsault Valley · silver Needs review: drill\_no\_hole\_id #### Identity - Project: Kitsault Valley - Commodity: silver - Region: northern b.c. - Reported Region: northern b.c. #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Combined silver/gold resource at Kitsault Valley. Evidence · text > seven deposits at Kitsault Valley host a combined 34.7 million oz of silver and 165,993 oz of gold in the measured and indicated categories #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-drill-facts-15) Kitsault Valley · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Kitsault Valley - Commodity: gold - Region: northern b.c. - Reported Region: northern b.c. #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Combined silver/gold resource at Kitsault Valley. Evidence · text > seven deposits at Kitsault Valley host a combined 34.7 million oz of silver and 165,993 oz of gold in the measured and indicated categories #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (7) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-resource-facts-7) Lucky Shot · gold #### Identity - Project: Lucky Shot - Commodity: gold - Region: usa\_ak - Reported Region: Alaska #### Resource scope - Estimate type: resource - Resource group id: resource:0dd2713521824e38b038 #### Resource Data - Category: indicated - Tonnes: 226963 - Grade: 14.5 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Indicated resource component of Lucky Shot. Evidence · text > Lucky Shot hosts 226,963 metric tons of indicated resource averaging 14.5 g/t \(105,620 oz\) gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-resource-facts-8) Lucky Shot · gold #### Identity - Project: Lucky Shot - Commodity: gold - Region: usa\_ak - Reported Region: Alaska #### Resource scope - Estimate type: resource - Resource group id: resource:828ec77e2d0d8fd7c228 #### Resource Data - Category: inferred - Tonnes: 82058 - Grade: 9.5 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Inferred resource component of Lucky Shot. Evidence · text > 82,058 metric tons of inferred resource averaging 9.5 g/t \(25,110 oz\) gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-resource-facts-9) Johnson Tract · gold #### Identity - Project: Johnson Tract - Commodity: gold - Region: usa\_ak - Reported Region: Alaska #### Resource scope - Estimate type: resource - Resource group id: resource:27e28fcc52dde027fc09 #### Resource Data - Category: indicated - Tonnes: 3490000 - Grade: 5.33 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Indicated resource component of JT Deposit. Evidence · text > JT Deposit hosts 3.49 million metric tons of indicated resource averaging 5.33 g/t \(598,000 oz\) gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-resource-facts-10) Johnson Tract · silver #### Identity - Project: Johnson Tract - Commodity: silver - Region: usa\_ak - Reported Region: Alaska #### Resource scope - Estimate type: resource - Resource group id: resource:27e28fcc52dde027fc09 #### Resource Data - Category: indicated - Tonnes: 3490000 - Grade: 6 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Indicated silver component of JT Deposit. Evidence · text > 6 g/t \(673,000 oz\) silver #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-resource-facts-11) Johnson Tract · zinc #### Identity - Project: Johnson Tract - Commodity: zinc - Region: usa\_ak - Reported Region: Alaska #### Resource scope - Estimate type: resource - Resource group id: resource:27e28fcc52dde027fc09 #### Resource Data - Category: indicated - Tonnes: 3490000 - Grade: 5.21 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Indicated zinc component of JT Deposit. Evidence · text > 5.21% \(400.8 million pounds\) zinc #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-resource-facts-12) Johnson Tract · copper #### Identity - Project: Johnson Tract - Commodity: copper - Region: usa\_ak - Reported Region: Alaska #### Resource scope - Estimate type: resource - Resource group id: resource:27e28fcc52dde027fc09 #### Resource Data - Category: indicated - Tonnes: 3490000 - Grade: 0.59 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Indicated copper component of JT Deposit. Evidence · text > 0.59% \(43.1 million lb\) copper #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/contango-is-building-off-a-solid-foundation--b6ee3d3b-3d40-4ff0-8c20-96ca72af30a1#fact-resource-facts-13) Johnson Tract · lead #### Identity - Project: Johnson Tract - Commodity: lead - Region: usa\_ak - Reported Region: Alaska #### Resource scope - Estimate type: resource - Resource group id: resource:27e28fcc52dde027fc09 #### Resource Data - Category: indicated - Tonnes: 3490000 - Grade: 0.67 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Indicated lead component of JT Deposit. Evidence · text > 0.67% \(51.5 million lb\) lead #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.