Lahontan Gold Corp. (TSXV: LG | OTCQB: LGCXF) has announced results from an additional five reverse-circulation rotary drill holes from its Phase Two drilling campaign exploring the Slab pit area of the company’s 19km2 Santa Fe Project located in Nevada’s Walker Lane.
Kimberly Ann, CEO, president, director, and founder of Lahontan Gold Corp commented: “Lahontan is excited to release the results from our 2022 Phase Two reverse-circulation drilling campaign. The entire programme was successful in extending mineralization to the north and east of the Slab Pit and along the Calavada Fault. The drilling also confirmed the important correlation between thick, tabular, gold, and silver mineralization and areas of low magnetic response.”
The five drill holes have now concluded the company’s Phase Two drilling campaign, and totalled 1,111m. 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 32.0m grading 0.59g/t Au and 4.4g/t Ag (0.65g/t Au Eq) of oxide and transition metallurgical domain mineralization in drill hole CAL22-016R including 6.1m grading 1.18g/t Au and 14.4g/t Ag (1.37g/t Au Eq). Lahontan has stated that this drill hole, coupled with earlier 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.
62.5m grading 0.33g/t Au and 2.6g/t Ag (0.36g/t Au Eq) of oxide mineralization in drill hole CAL22-015R including 6.1m grading 1.04g/t Au and 1.4g/t Ag (1.06g/t Au Eq). Lahontan has said that this drill hole extends shallow gold and silver mineralization from the southeast corner of the Slab pit, expanding resource potential. West-East cross section through drill holes CAL21-001C, CAL22-009R, and new drill hole CAL22-016R east of the Slab pit, Santa Fe Project, Mineral County, Nevada.
The interpreted 0.2g/t Au grade shell (cross-hatched) shows the stacked nature of the mineralization and which the company has stated greatly expands oxide and transition domain gold mineralization east of the Slab pit and across a prominent post-mineral fault. The drilling confirms the potential for additional shallow gold and silver mineralization north and east of the Slab pit.
“This correlation generates multiple large-scale drilling targets throughout the property and underscores the huge size of the Santa Fe hydrothermal system. The next benchmark for Lahontan will be the release of our maiden mineral resource estimate for the entire Santa Fe Project, expected early in Q1 2022. Work on the MRE is well underway and on schedule”. Kimberley added.
To find out more, please visit www.lahontangoldcorp.com
