Business
Lahontan Gold Mobilizes Drill Rig to Santa Fe Mine in Nevada
TORONTO, ON / ACCESSWIRE / May 8, 2023 / Lahontan Gold Corp. (TSXV:LG) (OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce that it has mobilized
About this update from Lahontan Gold Corp.
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / May 8, 2023 / Lahontan Gold Corp. (TSXV:LG) (OTCQB:LGCXF) (the \"Company\" or \"Lahontan\") is pleased to announce that it has mobilized a Boart Longyear MPD-1500 track-mounted reverse-circulation (\"RC\") drill rig to its Flagship Santa Fe Mine, located in Nevada's Walker Lane, a Tier One mining jurisdiction. Drilling is expected to commence the week of May 8, 2023. The Company has permitted a drilling program consisting of up to 11,000 metres of RC drilling designed to expand upon the project's existing pit constrained gold and silver Resource (Indicated Mineral Resource of 1,112,000 oz Au Eq (grading 1.14 g/t Au Eq) and an Inferred Mineral Resource of 544,000 oz Au Eq (grading 1.00 g/t Au Eq), please see Santa Fe Project Technical Report*). The initial phase of the 2023 drilling program will focus on Slab-Calvada Complex, with step-out drilling designed to expand upon the extensive oxide gold and silver Resources at Slab-Calvada (please see map below). Twenty RC drill holes are planned adjacent to the known gold and silver Resources, allowing the Company to tie-together the existing Resource pit shells, consolidating the individual Resources into a larger conceptual pit. Kimberly Ann, Lahontan Gold Founder, CEO, President, and Director commented: \"Lahontan is excited to embark on its 2023 drilling campaign. Our initial focus on the Slab-Calvada complex intends to build upon the tremendous success of our past drilling and grow oxide gold and silver resource ounces. We will fill-in between the individual gold and silver deposits at Slab-Calvada and also explore at depth where we still have not reached the bottom of oxide gold and silver mineralization\". Oblique view of the Slab-Calvada Complex looking southwest showing known gold and silver resource blocks, constraining pit shells (black), and planned 2023 RC drill holes (blue). Resource blocks are color-coded for grade. About Lahontan Gold Corp. Lahontan Gold Corp. is a Canadian mineral exploration company that holds, through its US subsidiaries, three top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 19 km2 Santa Fe Mine, had past production of 345,000 ounces of gold and 711,000 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach proce...