Lahontan Gold Corp. (TSX.V: LG) has announced drill results from four of its additional core drill holes exploring the Santa Fe pit area of the Company’s 19 km2 Santa Fe Project in Nevada’s Walker Lane. The four drill holes, totalling 1,549m, were completed in late 2021. These drill holes targeted down-dip step outs from known gold and silver mineralization along the Santa Fe fault, extensions of oxide and transition mineralization southeast of the Santa Fe pit, and an easterly trending structure that may tie Slab pit mineralization to the Santa Fe pit area.
The core drill hole SF21-006c intercepted continuous gold and silver mineralization over 226m (1.22 gpt Au) and the drill hole bottoms in mineralized rock. Within this intercept, Lahontan discovered a new high-grade zone, the Bighorn Zone, with the highest Au assays in project history: up to 26.2gpt Au and 61.0gpt Ag (27.01 gpt Au Eq, 245.5 – 246.6m). This high-grade zone is separate from the BH Zone and suggests that multiple high-grade feeder zones are present at the Santa Fe Project.
A step-out drill hole, SF21-008c, southeast of the Santa Fe pit successfully intercepted shallow oxidized gold and silver mineralization (75m south of previously reported drill hole SF21- 004c). This drill hole demonstrates that additional oxide and transition mineralization is extensive south and southeast of the Santa Fe pit and underscores the resource potential of this area.
Two core drill holes, SF21-007c and SF21-009c, targeted a projected extension of the Calvada fault, an east-west trending structure that may tie together mineralization seen at the Slab-Calvada area with the intensely gold and silver mineralized Santa Fe pit area.
Hole SF21-007c intercepted 64m grading 0.74 gpt Au Eq including up to 2.24gpt Au Eq in transitional rocks (360.6 – 362.1m, 1.97 gpt Au and 19.7 gpt Ag). Although hole -009c appears to have drilled over the main structure, the two holes confirm the potential of the Calvada fault zone between the Santa Fe and Slab pits opening up over 1000m of potentially mineralized structure.
Kimberly Ann, CEO, President, Director, and Founder of Lahontan Gold Corp commented: “The discovery of a new high-grade zone northwest of the BH Zone suggests that there are multiple “feeder” structures at the Santa Fe Project, opening up additional high-grade targets along the entire strike length of the Santa Fe fault for hundreds of metres. The ubiquitous gold and silver mineralization seen in drill hole SF21-006c extends well below any previous drilling and is a testament to the strength of the Santa Fe hydrothermal system. Drilling results to date are validating our dual path exploration model at Santa Fe: Identify and expand shallow oxide gold and silver mineralization while simultaneously building the scope and scale of deeper, high-grade potential resources.”
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