Lahontan Gold Corp. (TSXV: LG | OTCQB: LGCXF) has mobilized a reverse-circulation (RC) drill rig to its flagship Santa Fe mine in Nevada, USA.
The Santa Fe mine is in the Walker Lane mineral belt of western Nevada, a tier one mining jurisdiction approximately 50km from the town of Hawthorne in Mineral County. The mine consists of four past-producing open-pits, all 100% Lahontan controlled with drilling expected to commence this week.
The drilling programme, consisting of up to 11,000m of RC drilling, is designed to expand upon the project’s existing pit constrained gold and silver resource (indicated mineral resource of 1,112,000oz Au Eq (grading 1.14g/t Au Eq) and an inferred mineral resource of 544,000oz Au Eq (grading 1.00g/t Au Eq).
“Lahontan is excited to embark on its 2023 drilling campaign,” commented Kimberly Ann, Lahontan Gold founder, president, director, and CEO.
“Our initial focus on the Slab-Calvada complex intends to build upon the tremendous success of our past drilling and grow oxide gold and silver resource ounces. We will fill-in between the individual gold and silver deposits at Slab-Calvada and explore at depth where we still have not reached the bottom of oxide gold and silver mineralization”.
The initial phase of the 2023 drilling programme will focus on the Slab-Calvada complex, with step-out drilling designed to expand upon the extensive oxide gold and silver resources at Slab-Calvada. 20 RC drill holes are planned adjacent to the known gold and silver resources, allowing the company to tie-together the existing resource pit shells, consolidating the individual resources into a larger conceptual pit.
For further information please visit: www.lahontangoldcorp.com/
