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FAQ: Lahontan Gold Corp.'s Phase Two Drill Results at Santa Fe Mine Project
TL;DR
Lahontan Gold's 2025 drilling results reveal significant gold intercepts that could expand resources and enhance the Santa Fe Mine's economic potential for investors.
Lahontan Gold drilled six reverse-circulation holes totaling 994 metres, reporting gold intercepts that may support an updated Mineral Resource Estimate later this year.
Advancing the Santa Fe Mine project could create economic opportunities and responsibly develop resources in Nevada's mining-friendly Walker Lane region.
Lahontan Gold discovered a broad 114.3-metre gold intercept at its Santa Fe Mine, expanding mineralization beyond current resource boundaries in Nevada.
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Lahontan Gold Corp. announced initial analytical results from its 2025 Phase Two drilling program at the Santa Fe Mine Project, reporting six reverse-circulation drill holes totaling 994 metres that delivered significant gold intercepts at both the York and Slab zones.
The Santa Fe Mine Project is located in Nevada's Walker Lane region, which is described as mining friendly.
Highlights include a broad intercept of 114.3 metres grading 0.33 g/t gold equivalent at the York zone, including higher-grade mineralization of 18.3 metres grading 0.90 g/t gold equivalent, and shallow and deeper oxide gold intercepts at the Slab zone.
The results expand mineralization north of the current resource pit shell at the York zone, and the intercepts at the Slab zone may support a deeper conceptual pit and additional resources in an updated Mineral Resource Estimate expected later this year.
The Santa Fe Mine has a Canadian NI 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained.
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 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.
You can view the full press release at https://ibn.fm/uVpTY or visit the company's website at www.lahontangoldcorp.com.
The Santa Fe Mine project 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.
An updated Mineral Resource Estimate is expected later this year, though no specific date is provided in the content.
Curated from InvestorBrandNetwork (IBN)
