Lahontan Gold Corp (TSXV: LG | OTCQB: LGCXF) has significantly expanded its land holdings at its flagship Santa Fe Mine project by staking 98 unpatented lode mining claims covering over 7.5km². The newly staked claims cover possible extensions to the Slab gold and silver resources, other exploration targets covered by young gravel, and a vast area of flat terrain that could be suitable for mine infrastructure such as heap leach pads and waste rock dumps.
“The opportunistic staking of these claims gives Lahontan needed space for future mine infrastructure as well as covering logical extensions of known gold and silver mineralization in the Slab-Calvada area,” commented Lahontan CEO Kimberly Ann.
“The Santa Fe Mine now covers over 26.4km² adding to the 64.1km² the company controls in Nevada’s prolific Walker Lane. Lahontan will continue preparing its West Santa Fe project for drilling in 2024, completing its plan of operation for the Santa Fe Mine, and targeting a PEA for Santa Fe in 2024.”
Lahontan Gold Corp. is a fully financed Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in Nevada.
The Santa Fe Mine had past production of 345Koz Au and 711Koz Ag between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has an indicated mineral resource of 1.11Moz Au Eq (grading 1.14 g/t Au Eq) and an inferred mineral resource of 544Koz Au Eq (grading 1.00g/t Au Eq), all pit constrained.
The company will continue to aggressively explore Santa Fe during 2023 and begin the process of evaluating development scenarios to bring the Santa Fe Mine back into production.
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