Lahontan Gold Corp (TSXV: LG | OTCQB: LGCXF) has announced that it is has completed Phase Two of its 2024 drilling programme at the company’s Flagship Santa Fe Mine project located in Nevada’s prolific Walker Lane gold and silver mineralized belt.
Kimberly Ann, Lahontan founder, CEO, president, and director commented, “Lahontan is excited to complete the second Phase of our 2024 drilling campaign at Santa Fe. The drilling was completed rapidly and under budget, a tribute to our geologic team and the excellent drill crew. Work on the PEA continues at an accelerating pace, with site visits, scoping studies on capex, and operating costs underway. We will continue to update investors as the PEA progresses and when assay results from the 2024 drilling programme are received.”
Lahontan completed an additional five reverse-circulation (RC) drill holes totaling 1,044m, three at the Slab target area and two at the Santa Fe open pit target. In total, Lahontan has completed 11 RC drill holes totaling 2,347m at the Santa Fe Mine project in 2024. All samples from the drilling have been delivered to the assay lab with initial results expected shortly.
The drilling successfully addressed all three objectives:
- Define open pit geometries that will be used in an updated mineral resource estimate and block model. In several areas, additional drill holes were needed to increase drill hole density in order to accurately define boundaries to gold and silver mineralization. This data will be used to optimize open pit designs for the updated MRE, and mine scheduling/sequencing in the planned preliminary economic assessment
- Certain drill holes were designed to extend gold and silver mineralization at depth below resource blocks identified in the current MRE. The purpose of these drill holes is to deepen and expand the conceptual open pit designs to capture previously identified oxide gold and silver mineralization in addition to new mineralization identified in the 2024 RC drilling programme
- Several step-out drill holes were also completed in the Slab target area where northerly extensions to gold and silver mineralization remain open and unconstrained by drilling and geology
To find out more, please visit www.lahontangoldcorp.com
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