Lahontan Gold Corp (TSXV: LG | OTCQB: LGCXF) has announced results from an additional six reverse-circulation rotary (RC) drill holes from the company’s 7,000m phase three drilling campaign at its Santa Fe mine project in Nevada’s Walker Lane.
These drill holes are the first exploratory drill holes completed in the York pit area in over 30 years, historic drilling had outlined significant oxide domain gold and silver resources that remained open along strike and down-dip.
The six drill holes reported herein, totaling 1,271m, targeted potential extensions to these gold and silver resources. Highlights include:
- Hole YOR23-006R: 30.5m @0.74g/t Au and 0.5g/t Ag of oxide metallurgical domain mineralization
- including 10.7m @1.01g/t Au and 1.9g/t Ag
This drill hole shows that oxide gold and silver mineralization extends below the York pit and opens the entire York area for resource expansion.
The York drill holes intercepted significant widths of oxide and transition metallurgical domain gold and silver mineralization below and east of the mineral resource estimate (MRE) conceptual pit shell and the as-mined York pit. The York drill holes confirm the historic drill data and will greatly expand the scale of the conceptual pit shell used to constrain mineral resources in future resource estimates.
“These York drill holes are vital in validating historic drilling in the York target area. The grades seen (in) these drill holes…confirm the presence of extensive oxide domain gold and silver mineralization beneath and adjacent to the York open pit,” commented Lahontan CEO, founder, and director, Kimberly Ann.
“The geologic interpretation of the York drill holes also identified important north-south and east-northeast structural controls to mineralization, opening new target areas for resource expansion drilling. The Columbia hosts higher grades, e.g., 3.0m grading 2.07g/t Au that may be outlining important ‘feeders’ to the hydrothermal system.”
For further information, please visit: www.lahontangoldcorp.com
