Lahontan Drills More Shallow Gold at Slab-Calvada: 25.9m Grading 2.55 gpt Au

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Lahontan Drills More Shallow Gold at Slab-Calvada: 25.9m Grading 2.55 gpt AuTORONTO, ON / ACCESSWIRE / September 27, 2022 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce results from the first seven reverse-circulation rotary ("RC") drill holes of the Company's Phase Two drilling campaign exploring the Slab-Calvada pit area of the Company's 19 km2 Santa Fe Project in Nevada's Walker Lane. The seven drill holes, totaling 1,710 metres, targeted down-dip extensions of oxidized gold and silver mineralization along the Calvada fault and northerly step-out drilling from the Slab pit. Historic drilling in both areas had outlined significant potential oxide and transition domain resources. Highlights include:25.9 metres grading 2.55 gpt Au and 3.4 gpt Ag (2.60 gpt Au Eq) of oxide and transition metallurgical domain mineralization in drill hole CAL22-006R. This is the farthest north step-out drill hole from the Slab pit, with gold mineralization starting at a depth of only 68.6 metres down-hole (please see map and table below).47.2 metres grading 0.78 gpt Au and 1.3 gpt Ag (0.80 gpt Au Eq) in drill hole CAL22-002R including 32.0 metres grading 1.04 gpt Au and 1.4 gpt Ag (1.06 gpt Au Eq) of oxidized mineralization down-dip along the Calvada fault, further expanding the envelope of oxide gold mineralization along this important structure (please see map, cross section, and table below).Kimberly Ann, CEO, President, Director, and Founder of Lahontan Gold Corp commented: "The Company is excited about these first results from our 2022 Phase Two drilling campaign. The results from drilling the northern extension of the Slab pit confirm that gold mineralization remains wide open in this direction with excellent grades. The Calvada fault drilling continues to impress, with thick intervals of oxide gold mineralization extending at depth along this district-scale structure. Drilling continues and Lahontan will integrate these results into our upcoming maiden resource estimate for the entire Santa Fe Project".Drill hole location map with reduced to pole residual magnetics, Slab-Calvada pit area, Santa Fe Project, Mineral County, Nevada.As can be seen in the drill hole location map above, our drone magnetic survey data clearly outlines a magnetic low extending north from the Slab pit. Lahontan's Phase Two drilling confirms tha...

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