benzinga12h ago
FAIRBANKS, Alaska , April 22, 2026 /PRNewswire/ - Contango Silver & Gold Inc. ("Contango" or the "Company") (NYSE: CTGO ) (TSX: CTGO ) is pleased to announce that the Peak Gold JV made a cash distribution in the amount of $9 million ("M") to Contango on March 25, 2026. The Peak Gold JV completed the first of four campaigns planned for 2026, with the second campaign scheduled to commence in mid-May 2026. Advancing the Path to Production with a Robust 2026 Exploration Program The Company is pleased to outline its 2026 operational roadmap to advance our pipeline of advanced exploration-stage projects. The 2026 campaign is headlined by: 1) a sustained underground drill program at Lucky Shot to support a Feasibility Study due H1 of 2027; 2) pivotal infrastructure construction and permitting at the Johnson Tract Critical Metals project; and 3) an updated Mineral Resource Estimate (MRE) at the Kitsault Valley project followed by a comprehensive drilling program to support a preliminary development plan for the Kitsault Valley assets due H1 2027. This 2026 program is fully funded to drive high-margin growth and systematic project de-risking as follows: Lucky Shot: Operational momentum continues with 5,900 meters of underground drilling already completed as of April 21 st with the Company on track to complete an additional 12,100 meters of surface and underground drilling this year—part of a $21 M investment designed to underpin a Feasibility Study, slated to be completed in H1 2027. Johnson Tract: With a $17 M budget for 2026, key milestones include the construction of a 3-mile access road from the camp to the portal site, winterization of camp for year-round operations, mobilizing equipment for the portal site preparation, and critical environmental permitting for the road and barge landing facilities under the FAST-41 program. Kitsault Valley: Following completion of a new MRE expected by the end of Q2, a transformative 40,000 meter surface drilling program is expected to begin in June. The $25 M campaign aims ... Full story available on Benzinga.com