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Lahontan Drills More Oxide Gold at Slab: 32.0m Grading 0.61 GPT AuEq
TORONTO, ON / ACCESSWIRE / November 14, 2022 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (t...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"Lahontan Drills More Oxide Gold at Slab: 32.0m Grading 0.61 GPT AuEqTORONTO, ON / ACCESSWIRE / November 14, 2022 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the \"Company\" or \"Lahontan\") is pleased to announce results from an additional four reverse-circulation rotary (\"RC\") drill holes from the Company's Phase Two drilling campaign exploring the Slab pit area of the Company's 19 km2 Santa Fe Project in Nevada's Walker Lane. The four drill holes, totaling 883 metres, targeted down-dip extensions of oxidized gold and silver mineralization east and northeast of the Slab pit. Past mining and historic drilling had outlined significant potential oxide and transition domain resources east of the Slab pit that remained open down dip from the pit. Highlights include:32.0 metres grading 0.50 gpt Au and 7.9 gpt Ag (0.60 gpt Au Eq) of oxide and transition metallurgical domain mineralization in drill hole CAL22-010R including 10.7 metres grading 0.93 gpt Au and 18.7 gpt Ag (1.18 gpt 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 350 metres down dip at shallow levels (please see cross section, location map, and table below).West-East (left to right, please see map below) 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. The interpreted 0.2 gpt 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.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 geologic team is working closely with our third-party consultants, providing the detai...