President and CEO Rick Van Nieuwenhuyse said that the company’s objective at Lucky Shot over the next year is to complete the surface drill program followed by the underground drill program to identify 400,000 to 500,000 ounces of gold resource “that we can then develop a mine plan around.”Ĭontango engages in exploration for gold and associated minerals in Alaska. In addition, the company announced it has initiated a surface drilling program at its 100% owned Lucky Shot project in Alaska. Tess Williams Before joining the ADN in 2019, she was a reporter for.

The company said that “with all major contracts, bonding and permitting in place,” the project continues to be on track to achieve commercial production in H2 2024. (Getty Images) Fairbanks is known as the 'Golden Heart of Alaska' and one of the top places in the world to view the northern lights: Aurora chasers may want to visit the city during. The 125-mile Tok Cutoff Highway begins at the Richardson Highway in Gakona and ends in Tok, where it meets the Alaska Highway.

Contango’s share of production is expected to average 67,500 GEO per year. on Monday, April 26, when Alaska State Troopers received a report of a partially buried freezer that was discovered about 100 feet into the woods near the eastern Alaskan town of Tok, according to a statement released by the Alaska Department of Public Safety. Find information on things to do, Visitor Centers, parks, dog sledding, and outdoor recreation. The opening at the Manh Choh mine was officially celebrated with a ground-breaking ceremony on August 29th.Īccording to a press release, in attendance were the Governor of Alaska, Michael Dunlevy, Tetlin Tribal Chief, Michael Sam, and Tribal Council members, as well as representatives from both Kinross and Contango.īased on the feasibility study results, the Manh Choh mine is expected to produce 225,000 gold equivalent ounces (GEO) per year over a 4.5 year mine life. The incident occurred at approximately 6:05 a.m. Tok, Alaska is the first major community across the Canadian border for Alaska Highway travelers. Alaska Tok source: Bing 0 view 6:34pm A winter weather advisory is in effect for a huge swath of Eastern and Interior Alaska with three to seven inches of snow in the forecast - more in the Alaska Range.

The remaining 70% in the project is owned by an indirect subsidiary of major gold producer Kinross Gold. Travelers urged to use caution with blowing snow on all major Interior highways. Updated: OctoPublished: October 12, 2020. ( Kitco News) - Contango ORE (NYSE: CTGO) announced on Wednesday that mining operations have started at its 30% owned Manh Choh gold mine located near Tok, Alaska. Alaska News Human remains found along Tok Cutoff identified as Palmer man missing since May, troopers say. Receive a comprehensive recap of the day's top stories directly to your inbox. Get all the essential market news and expert opinions in one place with our daily newsletter.

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