Announcement Date: 2022-06-06
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. 225.9m @ 1.22g/t Au, 3.4g/t Ag from 174.7m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario – June 6, 2022 – Lahontan Gold Corp. (TSX.V: LG) (formerly, 1246765 B.C. Ltd.) (the “Company” or “Lahontan”) is pleased to announce drill results from four 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, totaling 1,549 metres, 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. Highlights include SF21-006c: This core drill hole intercepted continuous gold and silver mineralization over 226 metres (1.22 gpt Au) and the drill hole bottoms in mineralized rock. Within this intercept, Lahontan has discovered a new high-grade zone (the “Bighorn Zone”) with the highest Au assays in project history: up to 26.2 gpt Au and 61.0 gpt Ag (27.01 gpt Au Eq, 245.5 – 246.6m; please see table below). 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.
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