Announcement Date: 2022-12-06
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. 62.5m at 0.33g/t Au, 2.60g/t Ag, from 21.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario – December 6, 2022 – Lahontan Gold Corp. (TSX.V: LG, OTCQB: LGCXF) (the “Company” or “Lahontan”) is pleased to announce results from an additional five 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 five drill holes, totaling 1,111 metres, are the final drill holes of the Company’s Phase Two drilling campaign. The drill holes 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 0.59 gpt Au and 4.4 gpt Ag (0.65 gpt Au Eq) of oxide and transition metallurgical domain mineralization in drill hole CAL22-016R including 6.1 metres grading 1.18 gpt Au and 14.4 gpt Ag (1.37 gpt Au Eq). This drill hole, coupled with earlier Lahontan drill results, shows that gold and silver mineralization extends in an easterly direction from the Slab pit across a post-mineral fault, opening a large area for resource expansion. (Please see cross section, location map, and table below). • 62.5 metres grading 0.33 gpt Au and 2.6 gpt Ag (0.36 gpt Au Eq) of oxide mineralization in drill hole CAL22-015R including 6.1 metres grading 1.04 gpt Au and 1.4 gpt Ag (1.06 gpt Au Eq). This drill hole extends shallow gold and silver mineralization from the southeast corner of the Slab pit, expanding resource potential.
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