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FAQ: Lahontan Gold Corp.'s New Drill Results at Santa Fe Project in Nevada
TL;DR
Lahontan Gold's new drilling results expand mineralization beyond current estimates, potentially increasing resource value and enhancing investment opportunities in Nevada's Santa Fe Mine.
Lahontan Gold's 2025 Phase Two drilling at Santa Fe Mine yielded 68.6m at 0.45 g/t AuEq and 41.2m at 0.32 g/t AuEq, extending mineralization south, west, and deeper.
Lahontan Gold's expanded resource discovery supports sustainable mining development in Nevada, potentially creating local jobs and responsibly extracting valuable minerals for global needs.
Lahontan Gold found new gold and silver mineralization extending beyond known limits at its Nevada Santa Fe Mine, using reverse-circulation drilling to uncover hidden mineral wealth.
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Lahontan Gold Corp. announced new assay results from its 2025 Phase Two reverse-circulation drilling program at the Santa Fe Mine Project in Nevada, showing expanded oxide gold and silver mineralization beyond the current mineral resource estimate pit shell.
The results included 68.6 meters grading 0.45 g/t gold equivalent and 41.2 meters grading 0.32 g/t gold equivalent, extending shallow mineralization to the south, west, and at depth.
The Santa Fe Mine Project is located in Nevada's Walker Lane region, which is described as 'mining friendly' Nevada.
The results support plans to update the mineral resource estimate and preliminary economic assessment while advancing permitting efforts later this year, indicating potential expansion of the mineral resource.
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 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.
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.
Detailed technical information is available in the 'Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project' which is available on the Company's website and SEDAR+.
For more information, visit the company's website at www.lahontangoldcorp.com or view the full press release at https://ibn.fm/6adj3.
Curated from InvestorBrandNetwork (IBN)
