Business
Lahontan Receives BLM Approval for Additional Santa Fe Drilling
TORONTO, ON / ACCESS Newswire / June 9, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"Lahontan Receives BLM Approval for Additional Santa Fe DrillingTORONTO, ON / ACCESS Newswire / June 9, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the \"Company\" or \"Lahontan\") is pleased to announce that the Company has received approval from the Federal Bureau of Land Management (\"BLM\") for additional drill sites at its flagship Santa Fe Mine project (\"Santa Fe\") in Nevada's prolific Walker Lane. The BLM approved an amendment to Lahontan's Notice of Intent (\"NOI\") for drill sites on unpatented lode mining claims located on BLM administered Federal lands at Santa Fe. The drill holes will allow the Company to test significant extensions to the known gold and silver resources in the Slab and York areas of the project. Drilling in these areas will commence shortly as part of Phase One of Lahontan's 2025 drilling program at Santa Fe.Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented: \"The Company is excited to receive approval of its amended NOI from the BLM. We appreciate the efficiency of the BLM in processing the amendment. We can now complete our proposed drill holes in an efficient manner, minimizing moving distance between holes, whether on patented or unpatented lode mining claims. These proposed drill holes target exciting step outs from previous high-grade gold and silver intercepts north of the Slab resource area and in the York resource area. Lahontan has already completed several drill holes at Santa Fe and has submitted samples for geochemical analysis. We expect to have initial assay results in the coming weeks.\"About Lahontan Gold Corp.Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t...