Lahontan Gold Corp (TSXV: LG | OTCQB: LGCXF) has announced the results from rock-chip sampling and geologic mapping at its 19.7km2 West Santa Fe project in Nevada, USA. West Santa Fe is located only 13km from the company’s flagship Santa Fe Mine project in Nevada’s Walker Lane.
New geologic mapping and sampling have identified high-grade gold and silver mineralization in an area north of the historic Mindora shaft with individual samples containing up to 2.61g/t gold and 899g/t silver (14.60 g/t Au Eq). Samples range in value from 0.02 to 2.61g/t gold and 0.7 to 899g/t silver, and average 1.97g/t Au Eq.
Eleven surficial rock chip samples were collected in an area proximal to the historic Mindora shaft area to further expand potential drill targets and better understand distribution of epithermal gold and silver mineralization at the surface.
“The work by our geologic team at West Santa Fe has proven vital in understanding the controls to gold and silver mineralization at West Santa Fe,” commented Lahontan CEO, Kimberly Ann.
“High grade gold and silver seem to be associated with fault intersections and provide excellent drill targets for expanding the footprint of this already very large hydrothermal system. We will use this data to design Lahontan’s Phase One drill programme with the goal of defining a maiden MRE for West Santa Fe in 2024″.
Previous drilling in this area defined a large oxide gold and silver system that remains open along strike and at depth. The highest grades, 2.61g/t Au and 899g/t Ag in sample 503416, come from a gossan rich fault gouge where a major northeast striking high-angle fault intersects an older low-angle thrust fault.
These intersections of multiple fault sets and the intersection of faults with fold axes are proving to be crucial controls on gold and silver mineralization at West Santa Fe.
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