Lahontan Gold Corp. (TSXV: LG) has announced drill results from the final three core drill holes of the Slab-Calvada pit area of the company’s 19km² Santa Fe Project in Nevada’s Walker Lane.
The three drill holes, totalling 552 metres, intercepted shallow, oxidized gold and silver mineralization along the Calvada fault zone with down-dip extensions over a vertical range of almost 200 metres.
Highlights of the latest drilling include:
• 21.0 metres grading 0.89 g/t Au and 2.7 g/t Ag (0.93 g/t Au Eq) of oxidized mineralization in drill hole CAL21-007C confirming oxidized precious metal mineralization over a vertical range of over 150 metres.
• 32.1 metres grading 0.54 g/t Au and 3.7 g/t Ag (0.58 g/t Au Eq) starting at a vertical depth of only 60 metres in drill hole CAL21-006C.
“These drill holes confirm the exciting oxide gold resource potential of the Calvada fault zone. Oxidized mineralization extends to at least 200 metres depth and historic drilling suggests even greater depths of oxidation,” said Kimberly Ann, CEO, president, director, and founder of Lahontan.
“As can be seen in the cross sections, the topography of this area is very favourable for a very low strip ratio in potential open pit mining scenarios. With over 1,500 metres of strike length to explore, oxidized gold and silver mineralization along the Calvada fault will be one focus of our 2022 drilling campaign which is expected to begin shortly.”
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 of mining friendly Nevada. For further information please visit: https://lahontangoldcorp.com/
