Contango Commences Surface Drilling At The Newly Acquired Johnson Tract Deposit
Benzinga Newsdesk 2 years ago
M&A
Contango ORE, Inc. ("Contango" or the "Company") (NYSE:CTGO)is pleased to announce the start of a surface drilling campaign at the Johnson Tract property. The 2024 surface exploration drilling targets 3,000 meters
Contango ORE, Inc. ("Contango" or the "Company") (NYSE:CTGO)is pleased to announce the start of a surface drilling campaign at the Johnson Tract property. The 2024 surface exploration drilling targets 3,000 meters (~9,850 ft) across 20 drill holes and is designed to in-fill the upper one-third of the near vertical resource. In parallel with the in-fill drilling, selected holes will undergo hydrological testing and monitoring to characterize the overall surficial and deposit hydrology and water quality. In addition to assaying the core, selected drill core will undergo advanced metallurgical, geochemical, and specific gravity tests to assist in building a geometallurgical model for the deposit. Camp opened in mid-July and the drilling program is expected to last approximately three months.