Contango ORE, Inc. is engaged in the exploration of gold ore and associated minerals in Alaska. The Company conducts its operations through three primary means. The Company has approximately 30% membership interest in Peak Gold, LLC (the Peak Gold JV), which leases approximately 675,000 acres from the Tetlin Tribal Council and holds approximately 13,000 additional acres of State of Alaska mining claims for exploration and development. The Company through its wholly owned subsidiary, Contango Minerals Alaska, LLC (Contango Minerals), separately owns the mineral rights to approximately 214,600 acres of State of Alaska mining claims for exploration, including approximately 139,100 acres located immediately northwest of the Peak Gold JV Property (the Eagle/Hona Property), approximately 14,800 acres located northeast of the Peak Gold JV Property (the Triple Z Property), Shamrock Property and approximately 8,000 acres located to the north and east of the Lucky Shot Property.