Contango upgrades Kitsault Valley resource
Original announcement by miningnewsnorth on
- Company
- Contango Silver and Gold Inc.
- Ticker
- Unavailable
- Exchange
- Unavailable
- Region
- British Columbia
- Primary commodity
- Silver
- Secondary commodities
- Gold, Copper, Zinc, Lead
- Document categories
- Resource update, Drill results
- Extracted
- 2026-09-23 12:18:37 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Contango Silver and Gold Inc. has reported a significant upgrade to its Kitsault Valley resource, with indicated silver-equivalent resources increasing by 93% to 89.55 million ounces. The update was driven by improved geological modeling and extensive drilling, which also successfully demonstrated a structural link between the Torbrit and North Star deposits.
Reasoning: The update represents a major scale increase in indicated resources and a significant de-risking event through improved geological modeling and successful step-out drilling.
Positive factors
- Significant indicated resource growth (93%)
- Improved geological confidence through modernization of framework
- Step-out drilling successfully connecting deposits
- High-grade silver intercepts in 2026 program
Negative factors
- Inferred resource decline (25.1%) due to upgrading to indicated
Facts used in scoring: 0
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Indicated resources increased significantly (93%) compared to the previous estimate.
Evidence · text
“Indicated resources increase 93% to 89.5 million silver-equivalent ounces.”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: Inferred resources declined as drilling upgraded portions of the resource to the indicated category.
Evidence · text
“inferred resources declined 25.1% as drilling upgraded portions of the resource”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Drilling between Torbrit and North Star defined a structural link, expanding the known system.
Evidence · text
“Systematic step-out drilling between Torbrit and North Star has now defined a clear structural link”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Intercepts of 2,140 g/t silver and 1,566 g/t silver are exceptionally high grade.
Evidence · text
“one meter of 2,140 g/t silver”
Extracted facts
Stored fact records: 0. Some facts used in scoring do not have a stored record.
No stored fact records are available for this extraction.
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.