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Lahontan Drills Thick Continuous Gold at Santa Fe: 226M Grading 1.22 Gpt Au and New High-Grade Zone
TORONTO, ON / ACCESSWIRE / June 6, 2022 / Lahontan Gold Corp. (TSX.V:LG) (formerly, 1246765 ...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"Lahontan Drills Thick Continuous Gold at Santa Fe: 226M Grading 1.22 Gpt Au and New High-Grade ZoneTORONTO, ON / ACCESSWIRE / June 6, 2022 / Lahontan Gold Corp. (TSX.V:LG) (formerly, 1246765 B.C. Ltd.) (the \"Company\" or \"Lahontan\") is pleased to announce drill results from four additional core drill holes exploring the Santa Fe pit area of the Company's 19 km2 Santa Fe Project in Nevada's Walker Lane. The four drill holes, totaling 1,549 metres, were completed in late 2021. These drill holes targeted down-dip step outs from known gold and silver mineralization along the Santa Fe fault, extensions of oxide and transition mineralization southeast of the Santa Fe pit, and an easterly trending structure that may tie Slab pit mineralization to the Santa Fe pit area. Highlights include:SF21-006c: This core drill hole intercepted continuous gold and silver mineralization over 226 metres (1.22 gpt Au) and the drill hole bottoms in mineralized rock. Within this intercept, Lahontan has discovered a new high-grade zone (the \"Bighorn Zone\") with the highest Au assays in project history: up to 26.2 gpt Au and 61.0 gpt Ag (27.01 gpt Au Eq, 245.5 - 246.6m; please see table below). This high-grade zone is separate from the BH Zone and suggests that multiple high-grade feeder zones are present at the Santa Fe Project.SF21-008c: A step-out drill hole southeast of the Santa Fe pit, has successfully intercepted shallow oxidized gold and silver mineralization (75 metres south of previously reported drill hole SF21-004c). This drill hole demonstrates that additional oxide and transition mineralization is extensive south and southeast of the Santa Fe pit, and underscores the resource potential of this area.SF21-007c and -009c: These two core drill holes targeted the projected extension of the Calvada fault, an east-west trending structure that may tie together mineralization seen at the Slab-Calvada area with the intensely gold and silver mineralized Santa Fe pit area. SF21-007c intercepted 64 metres grading 0.74 gpt Au Eq (please see table below) including up to 2.24 gpt Au Eq in transitional rocks (360.6 - 362.1m, 1.97 gpt Au and 19.7 gpt Ag). Although -009c appears to have drilled over the main structure, the two holes confirm the potential of the Calvada fault zone between the Santa Fe and Slab pits opening up over 1000 metres of potentially...