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FAQ: Lahontan Gold Corp's Fall 2025 Santa Fe Mine Drill Program
TL;DR
Lahontan Gold's drilling program aims to upgrade resources, potentially increasing asset value and positioning the company for mine planning and future production.
Lahontan Gold is using a track-mounted reverse-circulation drill rig to complete 25 holes totaling 4,000 meters to upgrade inferred resources to indicated category.
This drilling campaign advances responsible mineral development in Nevada, potentially creating future jobs and contributing to sustainable resource extraction practices.
Lahontan Gold is drilling at its historic Santa Fe Mine, which previously produced over 359,000 ounces of gold using heap-leach processing methods.
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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.
The Fall 2025 program will complete up to 25 drill holes totaling 4,000 meters using a track-mounted reverse-circulation drill rig.
The Santa Fe Mine project is located in Nevada's Walker Lane district and covers 26.4 km² of mining-friendly territory.
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.'
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.
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.
The Company plans to update the Santa Fe Preliminary Economic Assessment and drill test its satellite West Santa Fe project during 2025.
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.
For more information, investors can visit the company's website at www.lahontangoldcorp.com.
Lahontan Gold Corp trades under TSX.V: LG and OTCQB: LGCXF.
Curated from InvestorBrandNetwork (IBN)
