This article has been disseminated on behalf of Lahontan Gold Corp. and may include paid advertising.
Lahontan Gold (TSXV: LG) (OTCQB: LGCXF) announced that it has completed 13,334 meters of drilling year to date at its Santa Fe Mine and West Santa Fe projects in Nevada’s Walker Lane. At Santa Fe, the company completed 11,565 meters across diamond core, sonic core and reverse-circulation (“RC”) drilling programs. Highlights include 90.8 meters grading 0.43 grams per tonne (“g/t”) gold at Calvada Central, 9.9 meters grading 2.40 g/t gold and 50.7 g/t silver in the Low-Grade Stockpile and 35 meters grading 0.29 g/t gold and 4.5 g/t silver at the newly discovered Slab West mineralized zone. Assay results remain pending for 85 sonic core holes and 17 RC holes.
At West Santa Fe, Lahontan has completed nine of 19 planned RC drill holes, totaling 1,769 meters of a planned 3,275-meter program designed to evaluate resources and explore extensions of known gold and silver mineralization. All samples have been submitted for analysis, with results delayed by elevated exploration activity in Nevada. The company expects additional assay results in the coming months and plans to return its RC drill rig to Santa Fe following completion of the West Santa Fe program. Founder, Chair, CEO and President Kimberly Ann said results from the historic heap leach pads, Slab West discovery and West Santa Fe will be important as Lahontan advances its projects into 2027.
To view the full press release, visit https://nnw.fm/sjPvj
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 26.4 km2 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. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). 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 of this news release and the Company’s technical disclosure has been 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 — Standards of Disclosure for Mineral Projects. Mr. Lindholm was not an author for the Technical Report* and does not take responsibility for the resource calculation but can confirm that the grade and ounces in this press release are the same as those given in the Technical Report. For more information, please visit our website: www.lahontangoldcorp.com
Please see the “Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project”, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.
NOTE TO INVESTORS: The latest news and updates relating to LGCXF are available in the company’s newsroom at http://nnw.fm/LGCXF
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