NewsRamp is a PR & Newswire Technology platform that enhances press release distribution by adapting content to align with how and where audiences consume information. Recognizing that most internet activity occurs outside of search, NewsRamp improves content discovery by programmatically curating press releases into multiple unique formats—news articles, blog posts, persona-based TLDRs, videos, audio, and Zero-Click content—and distributing this content through a network of news sites, blogs, forums, podcasts, video platforms, newsletters, and social media.
FAQ: Lahontan Gold Corp.'s BLM Approval for West Santa Fe Drill Program and Corporate Updates
TL;DR
Lahontan Gold secured BLM approval for West Santa Fe drilling, positioning the company to validate historic results and potentially expand gold-silver resources ahead of competitors.
Lahontan Gold's West Santa Fe drill program will systematically validate historic drilling data and test extensions of the shallow, oxidized gold-silver system using approved BLM permits.
Lahontan Gold's Nevada exploration advances responsible mineral development that could create local jobs and contribute to sustainable resource production for future generations.
Lahontan Gold's Santa Fe Mine previously produced over 359,000 ounces of gold and now explores adjacent West Santa Fe with newly approved federal permits.
Found this article helpful?
Share it with your network and spread the knowledge!
Lahontan Gold Corp. received Federal Bureau of Land Management (BLM) approval for its maiden drill program at the West Santa Fe project in Nevada's Walker Lane region.
This approval clears the company to validate historic drilling and test extensions of the shallow, oxidized gold and silver system at West Santa Fe once its current Santa Fe Mine drilling is complete.
The West Santa Fe project is located in Nevada's Walker Lane region, which is part of Lahontan's four top-tier gold and silver exploration properties in mining-friendly Nevada.
Lahontan granted 9 million stock options at $0.15 per share, which are exercisable for five years and subject to a four-month hold period.
The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.
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 with detailed grading information available in the Technical Report.
The Santa Fe Mine had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing.
The technical content was reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.
For more information, investors can visit the company's website at www.lahontangoldcorp.com or access the latest news and updates at http://ibn.fm/LGCXF.
Lahontan Gold Corp. trades under the symbols TSX.V: LG on the TSX Venture Exchange and OTCQB: LGCXF on the OTC Markets.
Curated from InvestorBrandNetwork (IBN)
