Contango Ore is an exploration stage company focused solely on the Tetlin Project in eastern Alaska. In 2015, we entered into a JV with Royal Gold Alaska, called Peak Gold, LLC, to further define and expand known resources, as well as look for new zones of mineralization. Th Peak Gold Project consists of 675,000 acres of Tetlin Lands and 175,000 acres of state mining claims.
Main Peak and North Peak Zones deposits drilled extensively.
On January 8, 2015, Contango ORE and Royal Gold Inc formed a joint venture, Peak Gold, LLC. Royal Gold has spent in excess of the $30 million originally optioned and currently earns 40% of the JV.
Large acreage position outside of Main Peak and North Peak with significant exploration potential.