Contango ORE, Inc., a company listed on NYSE American as CTGO, has announced its participation in the annual ‘Alaska On The Hill’ event in Washington DC. This event serves as a platform for Alaskan businesses to advocate for economic growth and secure the state’s future. Joining this initiative are 120 Alaskans representing various sectors. The company aims to highlight the significance of the mining industry and its contributions to Alaska’s economy.
Rick Van Nieuwenhuyse, President and CEO of Contango ORE, expressed enthusiasm about engaging with representatives and delegates. The focus is on discussing the progress of Contango’s Manh Choh gold mine and two development projects, Lucky Shot and Johnson Tract. The Johnson Tract project has garnered attention from the Trump administration due to its plans to produce critical metals such as gold, silver, copper, and zinc. The mining industry in Alaska is receiving robust support from the federal government, promising a bright future for the sector.
Contango ORE remains on track to produce 60,000 ounces of gold from Manh Choh this year. The company is set to commence its second campaign of the year in mid-May. Moreover, the release of the Johnson Tract Preliminary Economic Assessment (PEA) is anticipated next week, followed by the Q1-2025 financial results. This period marks an exciting time for Contango ORE, as it continues to develop its assets and contribute to Alaska’s mining potential.
About Contango ORE
Contango ORE is a company engaged in the exploration of gold and associated minerals in Alaska. Holding a 30% interest in the Peak Gold Joint Venture (JV), Contango leases approximately 675,000 acres of land for exploration and development at the Manh Choh project. The remaining 70% is owned by KG Mining (Alaska), Inc., a subsidiary of Kinross Gold Corporation, which operates the Peak Gold JV. Contango also holds leases on the Johnson Tract and Lucky Shot projects and has a 100% interest in approximately 145,000 acres of State of Alaska mining claims.
Forward-Looking Statements
Contango ORE’s press release contains forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and include projections about future operations, asset quality, and other business objectives. However, these forward-looking statements are subject to a range of risks and uncertainties that could cause actual results to differ materially. These risks involve the speculative nature of the mining industry, operational risks, cost uncertainties, and potential changes in government policies.
Investors are cautioned that forward-looking statements are not guarantees of future performance. Any changes in circumstances or management’s estimates may affect these projections. Contango ORE does not assume any obligation to update forward-looking statements under changing circumstances.
For more information, visit Contango ORE’s website at www.contangoore.com.
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