Contango Silver & Gold has kicked off its 2026 Kitsault Valley surface drill program with three diamond drills already turning and two more expected to be added within a week.
The company said the program will total about 40,000 meters, with roughly 10,000 meters set aside for exploration holes across Kitsault Valley and other parts of its land package. The bulk of the drilling will target infill and resource expansion at the Dolly Varden deposits — Torbrit, North Star and Dolly Varden — as well as the Wolf deposit and the Homestake Ridge deposits, including Homestake Main and Homestake Silver.
The new campaign follows a 2025 season that ended with a notable intercept at Wolf. Drill hole DV25-470 cut 518 grams per tonne silver, 0.19% lead and 0.34% zinc over 0.52 meters, within a broader interval grading 66 grams per tonne silver, 0.12% lead and 0.19% zinc over 12.45 meters. Contango said that hit included native silver and opened up a kilometer-scale area for follow-up testing.
Contango said the 2026 program is intended to support a new resource update and a preliminary economic study expected in the first half of 2027. In addition to drilling, the company said it will work on environmental baseline studies, permitting, camp and infrastructure upgrades, metallurgical work and hydrological studies.
The company’s Kitsault Valley land position covers about 247,000 acres, or 100,000 hectares, in and around the Golden Triangle of northwest British Columbia. The market has reacted to these announcements by moving the company's shares 1.09% to a price of $21.40. If you want to know more, read the company's complete 8-K report here.
