FAQ: Lahontan Gold Corp's Fall 2025 Santa Fe Mine Drill Program
Summary
Lahontan Gold Corp has mobilized a drill rig to its Santa Fe Mine project in Nevada to conduct a 4,000-meter drilling program focused on upgrading gold and silver resources from Inferred to Indicated category and expanding overall resources. This program is vital as the company pivots from resource definition to mine planning and permitting in 2026.
What is the main purpose of Lahontan Gold Corp’s current drill program at the Santa Fe Mine?
The program aims to upgrade gold and silver resources from the Inferred to Indicated category and expand overall resources at the Slab and York areas of the Santa Fe Mine project.
When is this drilling program taking place and how extensive is it?
The Fall 2025 program will complete up to 25 drill holes totaling 4,000 meters using a track-mounted reverse-circulation drill rig.
Where is the Santa Fe Mine project located?
The Santa Fe Mine project is located in Nevada’s Walker Lane district and covers 26.4 km² of mining-friendly territory.
Who is overseeing the drill campaign and what did the CEO say about its importance?
Vice President of Exploration Brian Maher is overseeing the drill campaign, and CEO Kimberly Ann stated the program is ‘vital as the Company pivots from resource definition to mine planning and permitting in 2026.’
What are the current mineral resources at the Santa Fe Mine project?
The Santa Fe Mine 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 according to Canadian National Instrument 43-101 standards.
What is the historical production background of the Santa Fe Mine?
Between 1988 and 1995, the Santa Fe Mine produced 359,202 ounces of gold and 702,067 ounces of silver from open pit mines using heap-leach processing.
What are Lahontan Gold Corp’s other plans for 2025 beyond the current drill program?
The Company plans to update the Santa Fe Preliminary Economic Assessment and drill test its satellite West Santa Fe project during 2025.
Where can investors find more detailed technical information about the Santa Fe Project?
The ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’ is available on the Company’s website and SEDAR+, with an effective date of December 10, 2024.
How can investors get more information about Lahontan Gold Corp?
For more information, investors can visit the company’s website at www.lahontangoldcorp.com.
What are the company’s stock trading symbols?
Lahontan Gold Corp trades under TSX.V: LG and OTCQB: LGCXF.
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