North of 60 Mining News - The mining newspaper for Alaska and Canada's North

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By Shane Lasley
Mining News 

Contango ORE sees 2023 as pivotal year

Golden milestones expected for both Manh Choh, Lucky Shot North of 60 Mining News – January 6, 2023

 

Last updated 1/18/2023 at 5:43pm

Truck dumps gravel to be leveled and compacted for the Manh Choh road.

Kinross Alaska

Crews upgrade an existing road connecting the Peak Gold deposits to be mined at Manh Choh to the Alaska Highway.

Contango ORE Inc. Dec. 23 announced that it has raised US$5.6 million through a private placement to help fund the company's 30% interest in the development costs at Manh Choh until it can arrange a larger financing package for advancing the 1-million-ounce gold mine project to production.

This financing involved the issuance of 283,500 shares at US$20.00 each, plus warrants that allow the purc...



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