Contango ORE, Inc. has initiated the Lucky Shot drill program to support the completion of a Feasibility Study.
The drill program will include underground exploration targeting ~18,000 meters across 210 drill holes to enhance the Lucky Shot vein resource.
Selected drill core will undergo advanced tests to aid in building a reserve model for the deposit.
Exploration Program Phases
The drill program will be conducted in four phases, focusing on in-fill drilling, hydrological, geotechnical testing, and metallurgical studies.
Mineralized Structures Testing
The program includes testing mineralized conjugate and relay structures off the Lucky Shot Vein system to enhance resource modeling.
Feasibility Study
The completion of the drill program is crucial for supporting a Final Feasibility Study to assess the economic viability of the project.
- Exploration Manager, Dave Larimer, highlights the significance of the initial phase of drilling at the Lucky Shot mine and the data collection goals for resource modeling.
- The Company aims to gather comprehensive data to develop a mature resource model that will be vital for the final Feasibility Study.
The commencement of the Lucky Shot drill program marks a pivotal step towards advancing the Feasibility Study for Contango ORE, Inc. This initiative underscores the company's commitment to strategic exploration in Alaska.