Contango Ore, Inc. Announces Change of Project Name from Peak Gold to Athabascan Name and Receipt of Resource Report Regarding its 30% Interest in the Manh Choh Project
April 29, 2021 at 08:30 am
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Contango Ore, Inc. announced that the Tetlin Tribal Council has approved of a new name for the Peak Gold Project. From now on the project will be referred to as the Manh Choh Project. The renaming was a result of close consultation with the local Upper Tanana Athabascan Village of Tetlin, on whose land the project is situated. The name ‘Manh Choh’ (“mon-CHO”) was chosen by the Village of Tetlin Tribal Council and can be translated from the Upper Tanana Athabascan language to ‘Big Lake,’ referring to the nearby Tetlin Lake, a site of high cultural and subsistence significance for the community. The Company reported that it has received a Resource Report for the Main Peak and North Peak deposits on the Manh Choh Project (formerly Peak Gold Project). The Company obtained the Resource Report in connection with its upcoming requirement to comply with new Subpart 1300 of Regulation S-K (“S-K 1300”). The report was completed by John Sims of Sims Resources LLC. The two resource estimates in the two reports are identical.
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. Announces Change of Project Name from Peak Gold to Athabascan Name and Receipt of Resource Report Regarding its 30% Interest in the Manh Choh Project