Contango ORE Inc. has launched a new underground drill program at its Lucky Shot project, aiming to support the completion of a Feasibility Study. The program will be conducted in four phases, incorporating both underground and surface drilling, and is expected to take place through Summer 2026. Approximately 18,000 meters of drilling across 210 holes will focus on upgrading the Lucky Shot vein resource to Proven and Probable categories, with additional testing for hydrology, geotechnics, metallurgy, and geochemistry. Drilling began in November 2025 and is set to continue into 2026, with assay results expected to be reported starting in the first quarter of 2026. The Feasibility Study is anticipated to be completed in 2027.