Lahontan Gold Corp. has announced drill results from four core drill holes exploring the Slab pit area of the company’s 19 km2 Santa Fe Project in Nevada’s Walker Lane. The four drill holes, totalling 891m, were completed in late 2021 and targeted down-dip extensions of oxidized gold and silver mineralization below the Slab open pit in an area where historic drilling outlined significant potential oxide resources.
Highlights include:
- 41.1m grading 0.54gpt Au and 1.8gpt Ag (0.56gpt Au Eq) starting at 52.4m downhole, and a second vertically stacked zone of 19.5m grading 0.26 gpt Au and 5.6 gpt Ag (0.33 gpt AuEq), all oxidized, in drill hole CAL21-002C.
- 26.7 metres grading 0.44gpt Au and 3.1gpt Ag (0.48gpt Au Eq) starting at only 29.4 metres downhole, and a second, deeper zone, grading 0.21gpt Au and 1.5gpt Ag (0.23gpt Au Eq), all oxidized, in drill hole CAL21-005C.
The four holes varied in depth from 207.3m in CAL21-001C to 246m in CAL21-002C. All four holes varied in depth from 207.3m in CAL21-001C to 246m in CAL21-002C. All four intercepted oxidized gold and silver mineralization throughout their entire lengths, confirming the presence of widespread oxide mineralization in the Slab pit area with only very minor amounts of transitional mineralization.
The drilling identified at least two vertically stacked zones of gold and silver mineralization. TheThe company believe that the deeper zone will allow them to use a a a deeper pit shell design during resource estimation and optimization, increasingincreasing the volume of potential resources. Drill hole CAL21-001C hosted the deepest zone of gold and silver mineralization with 2.9m grading 1.12gpt Au, 17.3gpt3gpt Ag (1.35gpt Au Eq) from 114.9m. The goldgold and silver mineralization is hosted by brecciated, leached, and oxidized jasperoid and partly silicified limestone.
Kimberly Ann, CEO, President, Director, and Founder of Lahontan Gold Corp commented: “These drill results highlight the advantages of exploring a “Brownfield” project: Historic drill data allows us to vector into high probability target areas below previously mined oxidized gold and silver mineralization, rapidly outlining new potential precious metal resources. This is particularly evident in the Slab pit area. Previous mining exploited rock with an average grade of 0.7 gpt gold, similar to the grade range we see in our core drill holes. By targeting deeper unmined mineralization, below and north of the Slab pit, we are taking advantage of knowledge gained from our own geologic mapping and interpretation of historic drilling. During its productive period in the Nineties, the Slab pit had an ultimate strip ratio of only 0.7, leaving significant amounts of gold and silver mineralization potentially accessible via an additional pit layback. We look forward to continued drilling at the Slab pit as we head toward our maiden project-wide resource estimate later this year”.
For further information please visit: https://lahontangoldcorp.com/
