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Lahontan Drills New "Bonanza" High-Grade Zone at Santa Fe: 25.9m Grading 20.36 gpt Au Incl. 4.6m Grading 112.3 gpt Au
TORONTO, ON / ACCESSWIRE / June 28, 2022 / Lahontan Gold Corp. (TSXV:LG) (formerly, 1246765 ...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"Lahontan Drills New \"Bonanza\" High-Grade Zone at Santa Fe: 25.9m Grading 20.36 gpt Au Incl. 4.6m Grading 112.3 gpt AuTORONTO, ON / ACCESSWIRE / June 28, 2022 / Lahontan Gold Corp. (TSXV:LG) (formerly, 1246765 B.C. Ltd.) (the \"Company\" or \"Lahontan\") is pleased to announce drill results from two reverse-circulation rotary (\"RC\") drill holes exploring the Santa Fe pit area of the Company's 19 km2 Santa Fe Project in Nevada's Walker Lane. The two drill holes, totaling 518.2 metres, were completed in late 2021. These drill holes targeted northwest and down-dip step outs from known gold and silver mineralization along the Santa Fe fault. Highlights include:SF21-014R: This RC drill hole is located approximately 350 metres northwest of the newly discovered Big Horn high-grade zone and intercepted yet another area of high-grade gold mineralization: 25.9 metre interval grading 20.36 gpt Au (please see table and map below). This newly discovered high-grade zone, called \"Bonanza\", has set a new standard with the highest-grade Au assays in project history: 4.6m grading 112.3 gpt Au. The Company has now identified three distinct high-grade gold zones along nearly 800 metres of strike length on the Santa Fe fault that remain open at depth and to the northwest.SF21-009R: This hole was drilled from the same site as SF21-014R and intercepted shallow transition and oxide gold mineralization: 35.1m grading 1.07 gpt Au, expanding the envelope of oxide and transition mineralization in this corner of the Santa Fe pit and producing new targets for further step-out drilling.Kimberly Ann, CEO, President, Director, and Founder of Lahontan Gold Corp commented: \"The discovery of yet another high-grade zone along the Santa Fe fault underscores the opportunity for finding additional high-grade zones at the Santa Fe Project. The grades seen in the Bonanza and Big Horn zones are exceptional for a Carlin-style gold deposit. The distribution of high-grade gold and silver mineralization occurs in a \"string of pearls\" manner, with each \"pearl\" corresponding to the intersection between the northwest-trending Santa Fe fault and easterly-trending structures. This interpretation generates multiple high-grade targets northwest of the Bonanza zone and can also be applied elsewhere in the district as we search for additional high-grade mineralization. The ...