RockBreaks – Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) Reports Additional High-Grade Drill Results at West Santa Fe
This article has been disseminated on behalf of Lahontan Gold Corp. and may include paid advertising.
Lahontan Gold (TSX.V: LG) (OTCQB: LGCXF) announced additional analytical results from its 2025 maiden drilling program at the satellite West Santa Fe project in Nevada’s Walker Lane, reporting results from two reverse-circulation rotary drill holes that continue to validate historic drilling and demonstrate fault-controlled oxide gold and silver mineralization. Highlights include hole WSF25-03R intersecting 41.2 metres grading 1.94 g/t Au Eq, including 9.1 metres at 4.14 g/t Au Eq, with individual intercepts up to 12.88 g/t Au Eq, and hole WSF25-01R intersecting 6.1 metres grading 1.53 g/t Au Eq at the eastern extent of the south mineralized zone, which remains open to the east, with additional drill results expected shortly.
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://ibn.fm/LGCXF
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