Mining Co. Uncovers High-Grade Gold at Alaska's Lucky Shot
- •Hey everyone, just read this article about Contango Silver and Gold hitting high-grade gold in Alaska at their Lucky Shot project: Mining Co.
- •Uncovers High-Grade Gold at Alaska's Lucky Shot .
- •This is pretty interesting, especially with gold prices where they are.
Hey everyone, just read this article about Contango Silver and Gold hitting high-grade gold in Alaska at their Lucky Shot project: Mining Co. Uncovers High-Grade Gold at Alaska's Lucky Shot. This is pretty interesting, especially with gold prices where they are. I've been eyeing some junior miners for a while, mostly as a hedge against inflation and frankly, just a bit of diversification outside of tech, which has been great but you never know. My dad always told me to have some "real assets" in the portfolio, and gold definitely fits that bill.
The fact that an analyst raised their target price isn't surprising given the drilling results. High-grade discoveries are always a catalyst. I've been burned before by junior miners with promising early results that never quite panned out with production, so I'm always a little cautious. But Alaska has a good track record, and "Lucky Shot" almost sounds too on-the-nose, right? I'm thinking about adding a small position to my son's college fund, as it's a long-term play for sure. Or maybe just for my own retirement accounts – diversified growth has been key for hitting our goals.
Anyone here familiar with Contango Silver and Gold, or this specific Lucky Shot project? What are your thoughts on junior gold miners right now, especially with these kinds of announcements? Always appreciate hearing different perspectives from this community before I make any moves. Cheers!