FAQ: Lahontan Gold Corp.'s Santa Fe Mine Project Drill Results and Company Overview
Summary
Lahontan Gold Corp. reported positive 2025 Phase One drilling results from its Santa Fe Mine Project in Nevada, confirming mineralization expansion and validating its geologic model, with additional drilling planned for later this year.
What are the key drill results announced by Lahontan Gold Corp.?
Highlights include 89.9 meters grading 0.23 g/t Au and 18.3 meters grading 0.73 g/t Au at the York zone, and 39.6 meters grading 0.30 g/t Au at the Slab zone, confirming a new target for resource expansion.
Where is the Santa Fe Mine Project located?
The Santa Fe Mine Project is located in the Walker Lane of mining-friendly Nevada, USA.
What is the significance of these drill results?
The results validate Lahontan’s geologic model, expand oxide gold zones, and underscore the growth potential of the recently acquired York claims, with mineralization open along strike and down-dip.
What are the mineral resources at the Santa Fe Mine Project?
The project has an Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained, as per Canadian National Instrument 43-101 compliance.
What are Lahontan Gold Corp.’s plans for 2025?
The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, drill test its satellite West Santa Fe project, and conduct additional drilling at York and Slab later this year.
Who reviewed and approved the technical content of this news release?
Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101, reviewed and approved the technical content.
Where can I find more information about Lahontan Gold Corp.?
For more information, visit the company’s website at www.lahontangoldcorp.com or the latest news and updates at http://ibn.fm/LGCXF.
What is the historical production at the Santa Fe Mine?
Between 1988 and 1995, the Santa Fe Mine had past production of 359,202 ounces of gold and 702,067 ounces of silver from open pit mines utilizing heap-leach processing.
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