Announcement Date: 2022-11-14
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. 32.0m at 0.5g/t Au, 7.9g/t Ag from 77.7m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario – November 24, 2022 – Lahontan Gold Corp. (TSX.V: LG, OTCQB: LGCXF) (the “Company” or “Lahontan”) is pleased to announce results from an additional four reverse-circulation rotary (“RC”) drill holes from the Company’s Phase Two drilling campaign exploring the Slab pit area of the Company’s 19 km2 Santa Fe Project in Nevada’s Walker Lane. The four drill holes, totaling 883 metres, targeted down-dip extensions of oxidized gold and silver mineralization east and northeast of the Slab pit. Past mining and historic drilling had outlined significant potential oxide and transition domain resources east of the Slab pit that remained open down dip from the pit. Highlights include 32.0 metres grading 0.50 gpt Au and 7.9 gpt Ag (0.60 gpt Au Eq) of oxide and transition metallurgical domain mineralization in drill hole CAL22-010R including 10.7 metres grading 0.93 gpt Au and 18.7 gpt Ag (1.18 gpt Au Eq). This drill hole, coupled with earlier Lahontan drill results, confirms a major easternly extension of previously mined gold and silver mineralization seen in the Slab pit, extending mineralization at least 350 metres down dip at shallow levels (please see cross section, location map, and table below).
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