Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has announced initial analytical results from its 2025 Phase Two drilling program at the Santa Fe Mine Project in Nevada’s Walker Lane, reporting significant gold intercepts that expand mineralization at both the York and Slab zones. The six reverse-circulation drill holes, totaling 994 metres, delivered broad intercepts including 114.3 metres grading 0.33 g/t gold equivalent at York, with a higher-grade interval of 18.3 metres grading 0.90 g/t gold equivalent, extending mineralization north of the current resource pit shell.
At the Slab zone, the company intersected shallow and deeper oxide gold intercepts that may support a deeper conceptual pit and contribute additional resources in an updated Mineral Resource Estimate expected later this year. The results highlight the potential for resource growth at the historically producing Santa Fe Mine, which had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing.
The Santa Fe Mine project currently hosts a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained. The company plans to continue advancing the project toward production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.
The technical content of this news release has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101. For more information about the company and its projects, visit www.lahontangoldcorp.com.
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