Contango Provides Corporate Update: Kitsault Drill Program Exceeds Target, Johnson Tract Infrastructure Ahead of Plan, Lucky Shot 2070 East Drift Drilling Underway
Contango completed 56,492 meters of drilling at Kitsault versus 40,000 planned — roughly 40% above target and on budget — with assays expected over the next 2-3 months and an updated mineral resource estimate slated for H1 2027. Johnson Tract infrastructure ran ahead of plan: the 2.6-mile access road and portal lay down area were finished under budget, and a camp pad originally slated for 2027 was completed this year. At Lucky Shot, the first modern drilling of the vein system's eastern extent is now underway with two rigs and a combined ~8,970 meters planned through early 2027.
Key figures
- Guidance
- 2026 production guided towards the lower end of 40,000 gold equivalent ounces attributable (30% of Peak Gold JV); Q3 unit cash costs expected similar to Q2-2026
- Km vein meters
- 943
- Kitsault drill holes
- 152
- Peak gold jv interest
- 30%
- East drift planned meters
- 3650
- Lucky shot coleman meters
- 5800
- Second rig planned meters
- 5320
- Kitsault drill meters planned
- 40000
- Kitsault drill meters completed
- 56492
AI analysis
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