| Announcement Date: | 2022-05-02 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Lahontan Gold Corp. |
| Project name: | Santa Fe |
| Location: | United States |
| Commodities: | Gold,Silver |
| Highlight: | Drilling results incl. 100.3m @ 2.96g/t Au, 62.2g/t Ag from 90.1m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto, Ontario – May 2, 2022 – Lahontan Gold Corp. (formerly, 1246765 B.C. Ltd.) (the “Company” or “Lahontan”) is pleased to announce the results from five core holes, totaling 1,368 metres, completed in 2021 at the Company’s 19 km2 Santa Fe Project in Nevada’s Walker Lane. These 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 includeBH Zone: Core drill holes SF21-001C, -002C, and -003C all targeted portions of the BH Zone with different objectives. SF21-001C was oriented to the southeast and angled to test a down-rake portion of the BH Zone and verify continuity of high-grade Au and Ag mineralization similar in tenor and thickness to that seen in historic core drill holes BH-3 and BH-6 drilled by Victoria Gold in 2009 and 2010 respectively. SF21-001C expands the volume and thickness of high-grade mineralization, in particularthe 4.9 metre interval of 12.45 gpt Au Eq (please see cross section below). It is important to note the very high Ag grades which characterize the BH Zone, e.g. 0.8m grading 6.98 gpt Au and 201 gpt Ag (95.5 – 96.3m), 1.25m grading 5.17 gpt Au and 309 gpt Ag (131.64 – 132.89m), and 1.61m grading 15.04 gpt Au and 107.2 gpt Ag |
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