Lahontan Gold Corp. (TSX.V: LG) has announced drill results from two reverse-circulation rotary drill holes of the company’s 19km² Santa Fe Project in Nevada’s Walker Lane. The two drill holes totalling 518.2m and targeting existing gold and silver mineralization along the Santa Fe fault, were completed in 2021.
Highlights of the drill results include:
SF21-014R: This RC drill hole is located approximately 350m northwest of the newly discovered Big Horn high-grade zone and intercepted yet another area of high-grade gold mineralization: 25.9m interval grading 20.36g/pt Au. This newly discovered high-grade zone, called “Bonanza”, has set a new standard with the highest-grade Au assays in the project’s history: 4.6m grading 112.3g/pt Au. The company has identified three distinct high-grade gold zones along nearly 800m of strike length on the Santa Fe fault that remain open at depth and to the northwest.
SF21-009R: This hole was drilled from the same site as SF21-014R and intercepted shallow transition and oxide gold mineralization: 35.1m grading 1.07g/pt Au, expanding the envelope of oxide and transition mineralization in this corner of the Santa Fe pit and producing new targets for further step-out drilling.
“The discovery of yet another high-grade zone along the Santa Fe fault underscores the opportunity for finding additional high-grade zones at the Santa Fe Project,” said Kimberly Ann, CEO, president, director, and founder of Lahontan.
“The BH, Big Horn, and Bonanza high-grade zones are open down-dip, down-rake, and the Bonanza zone remains open to the northwest with the high-grade resource potential unconstrained at depth by drilling.”
About Lahontan Gold
Lahontan Gold is a Canadian mineral exploration company that holds, through its U.S. subsidiaries, three top-tier gold and silver exploration properties in the Walker Lane district of mining-friendly Nevada.
For further information please visit: https://lahontangoldcorp.com/
