Lahontan Gold Corp (TSXV: LG | OTCQB: LGCXF) has announced results from an additional eight reverse-circulation rotary (RC) drill holes from the company’s 2023 phase three drilling campaign at the 19 square kilometre Santa Fe mine project in Nevada’s Walker Lane.
The drill holes were completed in the Slab-Calvada Complex at the Santa Fe mine, where previous Lahontan drilling had outlined significant oxide domain gold and silver resources that remained open along strike and down-dip. The eight drill holes reported herein, totaling 1,533m, targeted potential extensions to these gold and silver resources.
Highlights include:
- Hole CAL23-006R: 35.0m grading 1.02g/t Au and 3.6g/t Ag (1.05g/t Au Eq)
- including 21.3m grading 1.37g/t Au and 5.1g/t Ag (1.42 g/t Au Eq)
- also including 4.6m grading 3.05g/t Au and 10.6g/t Ag (3.14g/t Au Eq)
- Hole CAL23-007R: 21.4m grading 0.90g/t Au and 6.1g/t Ag (0.96g/t Au Eq)
- including 16.8m grading 1.07g/t Au and 7.4g/t Ag (1.14g/t Au Eq)
- also including 4.6m grading 2.07g/t Au and 16.7g/t Ag (2.21g/t Au Eq)
“The Calvada Central drill holes (CAL23-005 through -010) successfully expanded the footprint of disseminated gold and silver mineralization along the Calvada Fault, complimenting the excellent drill results from earlier this year on the eastern portion of the structure,” Kimberly Ann, Lahontan Founder, CEO, President, and Director commented.
“The Calvada Central drill holes hit thick intervals of shallow +1.0g/t Au Eq rock along with higher grade intercepts (e.g., 4.6m grading 3.14g/t Au Eq (CAL23-005R, 76.2-80.8m) that are remarkably continuous from drill hole to drill hole.The high-grade zones are enveloped with substantial intervals of +1.1g/t Au Eq mineralization that potentially can provide opportunities for pit optimization during the resource estimation and preliminary economic assessment (PEA) process.”
Kimberly also went on to note that every drill hole reported hit gold mineralization, at or above potential cut-off grades, with the company planning a follow up mineral resource estimate (MRE) update and a PEA for early next year.
For further information, please visit: www.lahontangoldcorp.com
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