Contango Silver & Gold Inc. (NYSE American: CTGO) has commenced a 40,000-meter drilling program at its Kitsault Valley Silver-Gold Project in British Columbia. The company announced that three diamond drills are currently active, with two additional drills expected to begin operations within the next week.

The 2026 drilling program will focus on infill and resource expansion at multiple deposits including the Dolly Varden deposits (Torbrit, North Star, and Dolly Varden), the Wolf deposit, and the Homestake Ridge deposits (Homestake Main and Homestake Silver). The drilling aims to support a new resource update and a preliminary economic study expected to be completed in the first half of 2027.

Approximately 10,000 meters of the planned program will target exploration holes in the Kitsault Valley and other areas of the company's land package located in the Golden Triangle of British Columbia.

Rob van Egmond, the company's VP Exploration for Canada, stated that the program will support economic studies required to move the deposits from exploration to development stage. The drilling will initially focus on the Dolly Varden and Wolf deposits before moving to the Homestake Ridge deposits.

Van Egmond highlighted drilling results from the 2025 season at the Wolf deposit, where drill hole DV25-470 intersected 518 grams per tonne silver, 0.19% lead and 0.34% zinc over 0.52 meters, within a wider mineralized zone grading 66 grams per tonne silver over 12.45 meters.

In addition to drilling activities, the company plans to conduct environmental baseline studies, permitting work, camp and infrastructure upgrades, and metallurgical and hydrological studies.

The information is based on a press release statement from Contango Silver & Gold Inc.