Business
Lahontan Drills 30.5 Metres Grading 0.74 g/t Au Eq Oxide, Expands York Mineralized Zone At Santa Fe
TORONTO, ON / ACCESSWIRE / July 18, 2023 / Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) (the " Comp...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"Lahontan Drills 30.5 Metres Grading 0.74 g/t Au Eq Oxide, Expands York Mineralized Zone At Santa FeTORONTO, ON / ACCESSWIRE / July 18, 2023 / Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) (the \"Company\" or \"Lahontan\") is pleased to announce results from an additional six reverse-circulation rotary (\"RC\") drill holes from the Company's 2023 7,000 metre Phase Three drilling campaign at the Company's 19 km2 Santa Fe Mine Project in Nevada's Walker Lane. These drill holes are first exploratory drill holes completed in the York pit area in over 30 years, historic drilling had outlined significant oxide domain gold and silver resources (Canadian NI 43-101 compliant) that remained open along strike and down-dip*. The six drill holes reported herein, totaling 1,271 metres, targeted potential extensions to these gold and silver resources. Highlights include:30.5 metres grading 0.74 g/t Au and 0.5 g/t Ag (0.74 g/t Au Eq) of oxide metallurgical domain mineralization in drill hole YOR23-006R including 10.7 metres grading 1.01 g/t Au and 1.9 g/t Ag (1.03 g/t Au Eq). This drill hole shows that oxide gold and silver mineralization extends below the York pit and opens the entire York area for resource expansion (please see location map, cross section, and table below).The York drill holes intercepted significant widths of oxide and transition metallurgical domain gold and silver mineralization below and east of the Mineral Resource Estimate (\"MRE\") conceptual pit shell and the as-mined York pit. The York drill holes confirm the historic drill data and will greatly expand the scale of the conceptual pit shell used to constrain mineral resources in future resource estimates (note the small size of the conceptual pit shell in the cross section below). * Please see the Santa Fe Project Technical Report, Authors: Trevor Rabb and Darcy Baker, P. Geos. Effective Date: December 7, 2022, Report Date: March 2, 2023. The Technical Report is available on the Company's website and SEDAR. Plan view of the York pit area, Santa Fe Mine, Nevada. The outline of the York pit is shown in black with MRE conceptual pit shell shown in dashed red. Resource blocks are color-coded for Au Eq grade in g/t. The six drill holes reported herein are shown with heavy green drill hole traces, the line of the cross section (above) is also shown. The plan view map shows only ...