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Lahontan Plans 6,300 Metres of Drilling for West Santa Fe
TORONTO, ON / ACCESS Newswire / February 24, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGC...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"Lahontan Plans 6,300 Metres of Drilling for West Santa FeTORONTO, ON / ACCESS Newswire / February 24, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the \"Company\" or \"Lahontan\") is pleased to announce that the Company has completed planning for its 2025 Phase One drilling program for its West Santa Fe gold and silver project located only 13 kilometres from its flagship Santa Fe Mine project in Nevada's prolific Walker Lane. Lahontan is planning to drill 26 reverse-circulation (\"RC\") drill holes in order to validate historic drilling and test numerous step-out targets adjacent to the area of historic drilling (please see map below). Previous drilling at West Santa Fe totalled over 13,000 metres in 171 drill holes. The historic drilling defines a zone of shallow, oxidized, gold and silver mineralization that the Company believes could form the basis of minable mineral resource as defined in NI 43-101. Plan map depicting the Phase One drill program for the West Santa Fe project. The outline of a large, shallow, oxidized gold-silver hydrothermal system is shown by the red dashed line. Proposed drill holes are shown in black and include confirmatory drill holes near the historic drilling as well as step-out drill holes along strike and down dip from the historic drilling. Note the surface rock geochemistry which includes grab samples grading up to 2.61 g/t gold (please see Lahontan press release dated February 20, 2024).Kimberly Ann, Lahontan Gold Corp CEO, Chair, and Founder commented: \"Lahontan is excited to begin drill testing the large gold and silver mineralized hydrothermal system at West Santa Fe. The Company has modeled historic drilling at West Santa Fe and believes the project has the potential to host a significant gold and silver resource to augment the resources already defined at our flagship Santa Fe Mine project. The potential to add shallow oxide gold and silver resources at West Santa Fe, only 13 kilometres from the Santa Fe Mine, fits perfectly with our plan to continue to grow our projects in size and scale, thus improving overall project economics, as rapidly as possible\".Lahontan plans to permit the Phase One drilling program under a \"Notice of Intent\" to be submitted to the Bureau of Land Management (\"BLM\") shortly. The drill program will largely use existing roads at West Santa Fe for access an...