# TNM Drill Down: Contango tops silver assays for past month Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month--0837eecb-b632-4a73-9f5e-d05ee3931456 Original source: https://www.northernminer.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month/1003895420/ Publisher: northernminer Original announcement: 2026-10-06T10:45:55.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-06T10:49:27.163Z Atlas analysis updated: 2026-10-06T10:49:27.163Z - Company: Contango Silver & Gold - Ticker: CTGO - Exchange: Unavailable - Region: British Columbia - Primary commodity: Silver - Secondary commodities: Gold, Antimony, Copper, Lead, Zinc - Document categories: Drill results, Resource update - Extracted: 2026-10-06 10:49:27 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Contango Silver & Gold reported a standout silver intercept of 161 g/t over 66.4m at its Kitsault Valley project. The company also recently released a resource update that significantly increased indicated tonnage and silver-equivalent metal content. Reasoning: Contango reported a top-ranked silver intercept and a significant resource update boosting indicated tonnage and metal content. - Positive factor: High-grade silver intercept at Kitsault Valley - Positive factor: Successful step-out drilling demonstrating continuity - Positive factor: Significant resource tonnage and metal growth Facts used in scoring: 11 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 306 g/t silver is exceptionally high grade. Evidence · text > 17.1 metres of 306 grams silver **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Step-out drilling successfully intersected mineralization between two deposits. Evidence · text > Step-out drilling into the gap between the two deposits successfully intersected mineralization **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Alamos resource is stated as 100% inferred. Evidence · text > Alamos is estimated to hold 5.37 million inferred tonnes ## Extracted facts Stored fact records: 11. Some facts used in scoring do not have a stored record. ## Drill Results (6) ### DV26-515 [Link to this fact](https://atlas-staging.minestarters.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month--0837eecb-b632-4a73-9f5e-d05ee3931456#fact-drill-facts-0) Kitsault Valley · silver #### Identity - Hole ID: DV26-515 - Project: Kitsault Valley - Commodity: silver - Region: canada\_bc - Reported Region: canada\_bc - Ticker: CTGO #### Geometry - Grade: 161 - Grade Unit: g/t - Intercept: 66.4 m - From: 98.7 m - To: 165.1 m - Intercept Depth: 98.7 m #### Classification - Sample Type: drill - Group ID: DV26-515:98.7-165.1 #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: 161 g/t silver over 66.4m is a very strong intercept. - Positive factor: Exceptional silver grade Evidence · text > DV26-515 at Contango’s Kitsault Valley project in northwest British Columbia cut 66.4 metres grading 161 grams silver per tonne from 98.7 metres depth #### 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 ### MR25-235 [Link to this fact](https://atlas-staging.minestarters.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month--0837eecb-b632-4a73-9f5e-d05ee3931456#fact-drill-facts-1) Maverick · silver #### Identity - Hole ID: MR25-235 - Project: Maverick - Commodity: silver - Region: usa\_nv - Reported Region: usa\_nv - Ticker: CTGO #### Geometry - Grade: 65.7 - Grade Unit: g/t - Intercept: 98.7 m - From: 173 m - To: 271.7 m - Intercept Depth: 173 m #### Classification - Sample Type: drill - Group ID: MR25-235:173-271.7 #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Strong silver grade, but noted as a twin hole to verify historical mineralization. - Positive factor: High-grade sub-interval - Negative factor: Historical context Evidence · text > Maverick Hole MR25-235 at Nevada’s Maverick project cut 98.7 metres grading 65.7 grams silver and 0.67 grams gold from 173 metres depth #### 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 ### MR25-235 [Link to this fact](https://atlas-staging.minestarters.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month--0837eecb-b632-4a73-9f5e-d05ee3931456#fact-drill-facts-2) Maverick · gold #### Identity - Hole ID: MR25-235 - Project: Maverick - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: CTGO #### Geometry - Grade: 0.67 - Grade Unit: g/t - Intercept: 98.7 m - From: 173 m - To: 271.7 m - Intercept Depth: 173 m #### Classification - Sample Type: drill - Group ID: MR25-235:173-271.7 #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Gold grade is present alongside silver. Evidence · text > MR25-235 at Nevada’s Maverick project cut 98.7 metres grading 65.7 grams silver and 0.67 grams gold from 173 metres depth #### 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 ### MR25-235 [Link to this fact](https://atlas-staging.minestarters.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month--0837eecb-b632-4a73-9f5e-d05ee3931456#fact-drill-facts-3) Maverick · silver #### Identity - Hole ID: MR25-235 - Project: Maverick - Commodity: silver - Region: usa\_nv - Reported Region: usa\_nv - Ticker: CTGO #### Geometry - Grade: 119.6 - Grade Unit: g/t - Intercept: 47.6 m #### Classification - Sample Type: drill - Group ID: MR25-235:173-271.7 #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Significant high-grade silver interval within the hole. - Positive factor: High-grade sub-interval Evidence · text > including a high-grade 47.6-metre interval of 119.6 grams silver #### 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 ### MR25-235 [Link to this fact](https://atlas-staging.minestarters.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month--0837eecb-b632-4a73-9f5e-d05ee3931456#fact-drill-facts-4) Maverick · gold #### Identity - Hole ID: MR25-235 - Project: Maverick - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: CTGO #### Geometry - Grade: 1.05 - Grade Unit: g/t - Intercept: 47.6 m #### Classification - Sample Type: drill - Group ID: MR25-235:173-271.7 #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Gold grade in high-grade sub-interval. Evidence · text > including a high-grade 47.6-metre interval of 119.6 grams silver and 1.05 grams 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 ### AL26-230 [Link to this fact](https://atlas-staging.minestarters.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month--0837eecb-b632-4a73-9f5e-d05ee3931456#fact-drill-facts-5) Alamos · silver #### Identity - Hole ID: AL26-230 - Project: Alamos - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: CTGO #### Geometry - Grade: 306 - Grade Unit: g/t - Intercept: 17.1 m - From: 358.4 m - To: 375.5 m - Intercept Depth: 358.4 m #### Classification - Sample Type: drill - Group ID: AL26-230:358.4-375.5 #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: 306 g/t silver is an exceptional grade. - Positive factor: Bonanza Intercept Evidence · text > Alamos Hole AL26-230 at the Alamos project in Mexico cut 17.1 metres of 306 grams silver from 358.4 metres depth #### 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Alamos Hole AL26-230 at the Alamos project in Mexico cut 17.1 metres of 306 grams silver from 358.4 metres depth" ## Resource Estimates (5) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month--0837eecb-b632-4a73-9f5e-d05ee3931456#fact-resource-facts-6) Alamos · silver #### Identity - Project: Alamos - Commodity: silver - Region: mexico - Reported Region: Mexico - Ticker: CTGO #### Resource scope - Estimate type: resource - Resource group id: resource:3db9151f852b9d497bbe #### Resource Data - Category: inferred - Tonnes: 5370000 - Grade: 202 - Grade Unit: g/t - Contained Metal: 34.8 - Contained Unit: million oz. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Resource is entirely in the inferred category. - Negative factor: Inferred Resource Evidence · text > Alamos is estimated to hold 5.37 million inferred tonnes grading 202 grams silver #### 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month--0837eecb-b632-4a73-9f5e-d05ee3931456#fact-resource-facts-7) Alamos · gold #### Identity - Project: Alamos - Commodity: gold - Region: mexico - Reported Region: Mexico - Ticker: CTGO #### Resource scope - Estimate type: resource - Resource group id: resource:3db9151f852b9d497bbe #### Resource Data - Category: inferred - Tonnes: 5370000 - Grade: 0.21 - Grade Unit: g/t - Contained Metal: 35640 - Contained Unit: oz. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Gold grade reported as part of the resource. Evidence · text > 5.37 million inferred tonnes grading 202 grams silver, 0.21 gram 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month--0837eecb-b632-4a73-9f5e-d05ee3931456#fact-resource-facts-8) Alamos · copper #### Identity - Project: Alamos - Commodity: copper - Region: mexico - Reported Region: Mexico - Ticker: CTGO #### Resource scope - Estimate type: resource - Resource group id: resource:3db9151f852b9d497bbe #### Resource Data - Category: inferred - Tonnes: 5370000 - Grade: 0.43 - Grade Unit: % - Contained Metal: 51 - Contained Unit: million lb. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Copper grade reported as part of the resource. Evidence · text > 5.37 million inferred tonnes grading 202 grams silver, 0.21 gram gold, 0.43% copper #### 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month--0837eecb-b632-4a73-9f5e-d05ee3931456#fact-resource-facts-9) Alamos · lead #### Identity - Project: Alamos - Commodity: lead - Region: mexico - Reported Region: Mexico - Ticker: CTGO #### Resource scope - Estimate type: resource - Resource group id: resource:3db9151f852b9d497bbe #### Resource Data - Category: inferred - Tonnes: 5370000 - Grade: 0.67 - Grade Unit: % - Contained Metal: 114.8 - Contained Unit: million lb. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Lead grade reported as part of the resource. Evidence · text > 5.37 million inferred tonnes grading 202 grams silver, 0.21 gram gold, 0.43% copper, 0.67% lead #### 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tnm-drill-down-contango-tops-silver-assays-for-past-month--0837eecb-b632-4a73-9f5e-d05ee3931456#fact-resource-facts-10) Alamos · zinc #### Identity - Project: Alamos - Commodity: zinc - Region: mexico - Reported Region: Mexico - Ticker: CTGO #### Resource scope - Estimate type: resource - Resource group id: resource:3db9151f852b9d497bbe #### Resource Data - Category: inferred - Tonnes: 5370000 - Grade: 1.33 - Grade Unit: % - Contained Metal: 237.8 - Contained Unit: million lb. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Zinc grade reported as part of the resource. Evidence · text > 5.37 million inferred tonnes grading 202 grams silver, 0.21 gram gold, 0.43% copper, 0.67% lead and 1.33% zinc #### 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 ## 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.