Lahontan Gold Corp. (TSXV: LG) has released assay results from five core holes, totalling 1,368 metres, which were completed in 2021 at the company’s 19km2 Santa Fe Project in Nevada’s Walker Lane.
The company states that the core drill holes explored down-rake and on-strike extensions to the high-grade BH Zone and shallow, potentially open pit minable, Au and Ag mineralization southeast of the past producing Santa Fe open pit.
High-grade intercepts from the BH zone include 100.3m grading 2.96 g/t Au and 62.2 g/t Ag (3.79 g/t Au Eq), including 37.3m grading 3.78 g/t Au and 96.1 g/t Ag (5.06 g/t Au Eq), also including 4.9m grading 10.76 g/t Au and 126.7 g/t Ag (12.45 g/t Au Eq) in drill hole SF21-001C.
Highlights from shallow oxide drilling include 23.9m grading 0.84 g/t Au and 4.6 g/t Ag (0.90 Au Eq), and 20.7m grading 0.45 g/t Au and 3.4 g/t Ag (0.50 g/t Au Eq) in drill hole SF21-004C.
The company’s president and CEO, Kimberly Ann, said, “The excellent drill results seen in our BH Zone drilling confirms what Lahontan has long expected: The BH Zone has the potential to host a large, high-grade gold and silver resource that could be potentially exploited with bulk underground mining methods.
“While these first drill results are focused on the deeper, higher grade BH Zone style mineralization, the company looks forward to receiving additional drill results from shallower targets focused on potentially heap-leachable oxide and transitional style mineralization.
“SF21-004C targeted this style of mineralization and shows that shallow oxidized and transitional mineralization extends to the southeast of the Santa Fe pit, yet another new target for resource expansion at the Santa Fe Project.
“We expect to release drill results for an additional 23 drill holes over the coming weeks as assays arrive from the lab, QA/QC is completed, and data is verified. Truly an exciting time for Lahontan Gold Corp.”
About Lahontan Gold
Lahontan Gold is a Canadian mineral exploration company that holds, through its U.S. subsidiaries, three top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada.
Lahontan’s flagship property, the 18 km2 Santa Fe Project, is a past producing gold and silver mine with the potential to host significant gold and silver resources (past production of 345,000 ounces of gold and 710,000 ounces of silver between 1988 and 1992; Nevada Bureau of Mines and Geology, 1996).
Modelling of over 110,000 metres of historic drilling, geologic mapping, and geochemical sampling outline both shallow, oxidized gold and silver mineralization as well as deeper high grade potential resources.
The company plans an aggressive 25,000-metre drilling programme with the goal of publishing a National Instrument 43-101 (“NI 43-101”) compliant mineral resource estimate in 2022.
To find out more please visit: https://lahontangoldcorp.com/
