Lahontan Gold Corp. (TSXV: LG | OTCQB: LGCXF) has announced results from an additional four reverse-circulation rotary drill holes from Phase Two of its drilling campaign exploring the ‘Slab’ pit area of the company’s 19 km2 Santa Fe Project in Nevada’s Walker Lane.
Kimberly Ann, CEO, president, director, and founder of Lahontan Gold Corp commented: “Lahontan is very pleased with the results of these four drill holes collared east of the Slab pit. Coupled with previous Lahontan drilling and historic drill results, we have identified a low-angle blanket of gold and silver mineralization that extends hundreds of metres east of the slab pit that remains unconstrained down-dip. Results from the final five reverse-circulation drill holes from our 2022 Phase Two drilling campaign are expected shortly.”
The company’s four drill holes, totalling 883m, targeted down-dip extensions of oxidized gold and silver mineralization east and northeast of the Slab pit area. Past mining and historic drilling had outlined significant potential oxide and transition domain resources east of the area that remained open down dip from the pit.
Drilling highlights include 32.0m grading 0.50gpt Au and 7.9gpt Ag (0.60gpt Au Eq) of oxide and transition metallurgical domain mineralization in drill hole ‘CAL22-010R’ including 10.7m grading 0.93gpt Au and 18.7gpt Ag (1.18gpt Au Eq). This drill hole, coupled with earlier Lahontan drill results, confirms a major easternly extension of previously mined gold and silver mineralization seen in the Slab pit, extending mineralization at least 350m down dip at shallow levels.
West-East cross section through drill holes ‘CAL21-005C’, ‘CAL22-001R’, and new drill hole ‘CAL22-010R’ east of the Slab pit, Santa Fe Project, Mineral County, Nevada. Lahontan has reported that the interpreted 0.2gpt Au grade shell greatly expands oxide and transition domain gold mineralization east of the Slab pit and confirms the potential for additional shallow gold and silver mineralization east of the Slab pit.
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