Contango Commences 40,000-meter 2026 Drill Program at the Kitsault Valley Silver-Gold Project
FAIRBANKS, Alaska , May 26, 2026 /PRNewswire/ - Contango Silver & Gold Inc. ("Contango" or the "Company") (NYSE: CTGO ) (TSX: CTGO ) is pleased to announce the start of the 2026 Kitsault Valley surface drill program. Three diamond drills are currently active, focused on infill and resource expansion on the Torbrit and North Star deposits, with two more drills expected to come online in the next week. The 2026 drill program will consist of approximately 40,000 meters ("m") of drilling largely focused on infill and resource expansion at the Dolly Varden deposits (Torbrit, North Star, and Dolly Varden), the Wolf deposit, and the Homestake Ridge deposits (Homestake Main and Homestake Silver). Drilling will support a new resource update along with a preliminary economic study expected to be completed in H1 2027 (Initial Assessment "IA" – under US reporting standards). Approximately 10,000 m of the planned program will be aimed at exploration holes in the Kitsault Valley and other areas of the extensive land package located in the highly prospective Golden Triangle of British Columbia. Rob van Egmond, the Company's VP Exploration – Canada, stated "It's exciting to get back drilling at the Kitsault Valley for another drilling season. The focus of this year's drill program is resource and infill holes which will support economic studies required to move these deposits from the exploration stage and into development stage. Drilling will initially focus on the Dolly Varden deposits (Torbrit and North Star) and Wolf deposits before moving north to finish the season out at the Homestake Ridge deposits. In addition to drilling, the Company will also focus efforts on environmental baseline studies, permitting, camp and infrastructure upgrades, metallurgical and hydrological studies." Mr. van Egmond continued, "With the exciting new discovery of Torbrit style mineralization at Wolf towards the end of the 2025 season, we are eager to get back there to test the continuity of this unique style of mineralization. Drill hole DV25-470 intersected 518 g/t Ag, 0.19% Pb and 0.34% Zn over 0.52 meters, within a wider zone of mineralization and wall rock alteration grading 66 g/t Ag, 0.12% Pb and 0.19% Zn over 12.45 meters, including the presence of native silver. This intersection opens a very exciting kilometer scale area for further testing the extension of Torbrit style mineralization at Wolf." QUALIFIED PERSONS Rob van Egmond, P.Geo., Vice-President Exploration - Canada for Contango, the "Qualified ... Full story available on Benzinga.com
