Lahontan Gold Corp (TSXV: LG | OTCQB: LGCXF) has announced that it is has mobilized a reverse-circulation drill rig and support equipment to its flagship Santa Fe Mine project located in the Walker Lane of mining friendly Nevada.
The drill rig, a track-mounted MPD-1500, will begin drilling immediately in the Slab open pit target area at Santa Fe. The previously announced drill programme will total approximately 3,000m.
The drill programme will target areas that have the potential to greatly expand the project’s mineral resource estimate (MRE) and help support a preliminary economic assessment (PEA) of the project planned for later this year.
Kimberly Ann, Lahontan founder, CEO, president, and director commented, “With the arrival of the drilling equipment at Santa Fe, the company is accelerating its programme of updating the MRE for the project. Work has begun on the PEA, with the engineering team beginning scoping studies on costing and equipment sizing. The company will continue to support strong market momentum and deliver drill results, updates on permitting, and PEA progress reports in the months ahead.”
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada.
To find out more, please visit www.lahontangoldcorp.com
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