Contango Ore Intersects 60.22 g/t Gold over 5.92 meters, including 294.77 g/t Gold over 1.16 meters from Underground Drilling Program at the Lucky Shot Project, Alaska, USA

Core Insights - Contango ORE, Inc. reported initial assay results from its 2025/2026 underground diamond drilling program at the Lucky Shot Project in Alaska, highlighting significant gold intersections, including 60.22 g/t over 5.92 meters and 294.77 g/t over 1.16 meters from the KM vein [1][2] Group 1: Drilling Program Highlights - The underground drilling program commenced in November 2025, completing 20 HQ diamond drill holes totaling 2,063 meters from four underground drill stations [1][2] - Approximately 40 additional drill holes are planned, with the first phase expected to conclude by the end of April 2026 [1][2] - The program aims to validate the geological model and support a feasibility study planned for H1 2027 [1][2] Group 2: Mineralization and Geological Findings - The drilling confirmed mineralization within the known Lucky Shot vein system (L2, L1b, and L1c veins) and identified a previously unmodeled mineralized structure designated the "KM vein" [1][2] - Significant assay intersections include LSU25031 with 5.92 m averaging 60.22 g/t Au and LSU25050 with 0.31 m averaging 99.75 g/t Au [1][2] - The KM vein represents a new mineralized structural orientation, indicating additional exploration potential within the existing underground footprint [1][2] Group 3: Future Outlook - The company is focused on disciplined execution and data quality as it advances the project, with ongoing drilling aimed at refining structural orientation and continuity [1][2] - The results to date confirm the continuity of the historically mined Lucky Shot vein and enhance understanding of subsidiary veins [1][2] - The company looks forward to periodically reporting further drill results from the Lucky Shot drilling [1][2]