FAQ: Lahontan Gold Corp.'s 2025 Santa Fe Mine Drill Results and Project Overview
Summary
What are the key drill results announced by Lahontan Gold Corp.?
The 2025 Phase One drilling program completed seven reverse-circulation holes totaling 1,210 meters, with highlights including 89.9 meters grading 0.23 g/t Au and 18.3 meters grading 0.73 g/t Au at the York zone, plus 39.6 meters grading 0.30 g/t Au at the Slab zone.
Why are these drill results significant for the Santa Fe Mine Project?
The results validate Lahontan’s geologic model, expand oxide gold zones, underscore the growth potential of the recently acquired York claims, and confirm the Slab zone as a new target for resource expansion, with mineralization open along strike and down-dip.
Where is the Santa Fe Mine Project located and what is its history?
The Santa Fe Mine Project is located in the Walker Lane of Nevada and had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines using heap-leach processing.
What are the current mineral resources at the Santa Fe Mine?
The project has an NI 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained, with resources reported using cut-off grades of 0.15 g/t AuEq for oxide and 0.60 g/t AuEq for non-oxide.
What are Lahontan Gold Corp.’s plans for 2025 regarding the Santa Fe Mine?
The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, drill test its satellite West Santa Fe project, and conduct additional drilling at the York and Slab zones later this year.
Who reviewed and approved the technical content of this news release?
The technical content was 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.
Where can I find more information about Lahontan Gold Corp. and its projects?
More information is available on the company’s website at www.lahontangoldcorp.com and the latest news and updates relating to LGCXF are available at http://ibn.fm/LGCXF. The full press release can be viewed at https://ibn.fm/mnQzB.
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