Announcement Date: 2022-05-24
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. 41.1m @ 0.54g/t Au, 1.8g/t Ag from 52.4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario – May 24, 2022 – Lahontan Gold Corp. (formerly, 1246765 B.C. Ltd.) (the “Company” or “Lahontan”) is pleased to announce drill results from the first 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, totaling 891 metres, 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 These four drill holes intercepted oxidized gold and silver mineralization throughout their entire lengths to a maximum down-hole depth of 246 metres (CAL21-002C, please see table below), confirming the presence of widespread oxide mineralization in the Slab pit area with only very minor amounts of transitional mineralization. Of critical importance, the drilling identified at least two vertically stacked zones of gold and silver mineralization; the deeper zone can help drive a deeper pit shell during resource estimation and optimization, which increases the volume of potential resources in the Slab pit area (please see long section below).
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