Contango Commences Surface Drilling At The Newly Acquired Johnson Tract Deposit
Portfolio Pulse from Benzinga Newsdesk
Contango ORE, Inc. (NYSE:CTGO) has commenced a surface drilling campaign at the newly acquired Johnson Tract property. The campaign targets 3,000 meters across 20 drill holes and includes hydrological testing and advanced metallurgical analysis. The program is expected to last three months.
July 30, 2024 | 12:09 pm
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Contango ORE, Inc. has started a surface drilling campaign at the Johnson Tract property, targeting 3,000 meters across 20 drill holes. The program includes hydrological and advanced metallurgical testing and is expected to last three months.
The commencement of the drilling campaign is a positive development for Contango ORE, Inc. as it indicates progress in their exploration activities. The advanced testing and hydrological assessments could provide valuable data, potentially leading to increased investor confidence and a positive short-term impact on the stock price.
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