Contango Ore, Inc. Announces Acquisition of Shamrock, a New Exploration Stage Project Located in the Richardson Mining District of Alaska
April 29, 2021 at 08:30 am EDT
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Contango Ore, Inc. announced that it has staked a new property, called Shamrock, in the Richardson Mining District located in central Alaska along the Alaska Highway corridor approximately 70 miles (113 kilometers) from Fairbanks, Alaska. The property includes a total of 368 Alaska State mining claims covering approximately 52,920 acres and gives the Company a dominant land position in the Richardson district. The property has excellent infrastructure being right along the Alaska Highway and adjacent to the Trans-Alaska Pipeline with several gravel roads and ATV trails providing good access to the entire property. In addition, a high-voltage power line traverses along the southern property boundary. This electrical grid provides power to the Pogo gold mine operated by Northern Star Resources Limited which produced approximately175,000 ounce of gold in 2020 and is located approximately 50 miles (80 kilometers) to the northeast of the Shamrock property.
Contango ORE, Inc. is engaged in exploration for gold ore and associated minerals in Alaska. The Company conducts its operations through three primary means. The Company has an approximately 30% membership interest in Peak Gold, LLC, which leases approximately 675,000 acres from the Tetlin Tribal Council. Its subsidiary, Alaska Gold Torrent, LLC, leases the mineral rights to approximately 8,600 acres of the State of Alaska and patented mining claims for exploration from Alaska Hard Rock, Inc. Its subsidiary, Contango Minerals Alaska, LLC, separately owns the mineral rights to approximately 145,280 acres of State of Alaska mining claims for exploration, including approximately 69,780 acres located immediately northwest of the Peak Gold JV Property, approximately 14,800 acres located northeast of the Peak Gold JV Property, approximately 52,700 acres of new property in the Richardson district of Alaska and approximately 8,000 acres located to the north and east of the Lucky Shot Property.
CONTANGO ORE, INC. 
