Lahontan Gold Corp. (TSXV: LG | OTCQB: LGCXF) has announced drill results from 10 reverse-circulation rotary drill (RC) holes exploring the Santa Fe pit area of the company’s 19 km2 Santa Fe Project in Nevada’s Walker Lane.
The eight drill holes, totalling 2,614m, are the final RC holes from the company’s 2021 drilling campaign. These drill holes targeted down-dip plus northwest and southeast step outs from known gold and silver mineralization along the Santa Fe fault.
Highlights
Two RC drill holes, SF21-015R and -016R, targeted expansion of known mineralization in the high-wall of the Santa Fe Pit between the Bonanza and Big Horn zones and were collared approximately 120m northwest of SF21-007R.
SF21-015R cut 138.6m grading 1.01gpt Au and 3.4gpt Ag (1.06gpt Au Eq) while SF21-016R intercepted 102.1m grading 0.69gpt Au and 1.7gpt Ag (0.71gpt Au Eq). These drill holes expand potential resources in this portion of the Santa Fe pit and define the extent of transitional mineralized rock.
“The company is excited to release the results from our Phase One drilling programme,” said Kimberly Ann, Lahontan’s CEO, president, director, and founder.
“In total, Lahontan drilled 9,410m in its 2021 Phase One drilling campaign resulting in the discovery of two new high grade ‘feeder’ zones, Bonanza and Big Horn, the expansion of the BH high-grade zone, and impressive volumes of good grade shallow oxide and transition gold and silver mineralization at both the main Santa Fe pit target area and at the Slab target area.
“RC drilling has resumed at Slab, targeting more shallow oxide gold and silver mineralization. We remain on track to deliver our maiden resource estimate in 2022 and take the next steps to advance the Santa Fe Project back into production.”
To find out more, visit https://lahontangoldcorp.com/
