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FAQ: Lahontan Gold Corp's Core Drill Rig Mobilization at Santa Fe Mine Project
TL;DR
Lahontan Gold Corp. advances its Santa Fe Mine Project with new drilling, positioning the company to potentially resume gold and silver production by 2027 for competitive market advantage.
Lahontan Gold Corp. uses a Super 90 track-mounted core drill to collect waste rock and groundwater data, supporting state-level permitting for open pit mining and heap leach processing.
Lahontan Gold Corp.'s responsible mining development in Nevada aims to create economic opportunities while adhering to environmental permitting, contributing to sustainable resource extraction for future generations.
Lahontan Gold Corp. is drilling at its historic Santa Fe Mine, which previously produced over 359,000 ounces of gold, to gather data for renewed mining operations by 2027.
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Lahontan Gold Corp has mobilized a Super 90 track-mounted core drill rig to its flagship Santa Fe Mine Project in Nevada as part of ongoing mine development and state-level permitting efforts.
The drilling program aims to collect samples for waste rock geochemical characterization and further define groundwater distribution in areas proposed for open pit mining, both key components of the permitting process.
The company expects the data generated to support its plans for resuming open pit mining and heap leach processing at Santa Fe, with the goal of remaining on schedule to break ground at the project in 2027.
The Santa Fe Mine Project is located in Nevada's Walker Lane region, which is described as mining friendly.
The project 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.
For more information, visit the company's website at www.lahontangoldcorp.com.
The full press release can be viewed at https://ibn.fm/isMIM.
Between 1988 and 1995, the Santa Fe Mine produced 359,202 ounces of gold and 702,067 ounces of silver from open pit mines utilizing heap-leach processing.
Curated from InvestorBrandNetwork (IBN)
