Lahontan Plans 6,300 Metres of Drilling for West Santa Fe
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) has announced its 2025 Phase One drilling program for the West Santa Fe gold and silver project in Nevada's Walker Lane, located 13 kilometers from its flagship Santa Fe Mine project. The company plans to drill 26 reverse-circulation holes, totaling 6,300 metres, to validate historic drilling and explore step-out targets.
The program aims to build upon previous drilling efforts, which comprised over 13,000 metres across 171 drill holes. These historic drilling results revealed a zone of shallow, oxidized gold and silver mineralization that could potentially form a minable mineral resource under NI 43-101 standards. Surface rock geochemistry has shown promising results, with grab samples grading up to 2.61 g/t gold.
The company will submit a Notice of Intent to the Bureau of Land Management for permits, utilizing existing roads for access and drill platforms to minimize surface disturbance.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) ha annunciato il suo programma di perforazione Fase Uno per il 2025 per il progetto aurifero e argentifero West Santa Fe nella Walker Lane del Nevada, situato a 13 chilometri dal suo progetto di punta Santa Fe Mine. L'azienda prevede di perforare 26 fori a circolazione inversa, per un totale di 6.300 metri, per convalidare le perforazioni storiche ed esplorare obiettivi di espansione.
Il programma mira a costruire sui precedenti sforzi di perforazione, che hanno compreso oltre 13.000 metri distribuiti su 171 fori. Questi risultati di perforazione storica hanno rivelato una zona di mineralizzazione aurifera e argentifera ossidata e superficiale che potrebbe potenzialmente formare una risorsa mineraria estraibile secondo gli standard NI 43-101. La geochimica delle rocce in superficie ha mostrato risultati promettenti, con campioni di grab che hanno registrato fino a 2,61 g/t di oro.
L'azienda presenterà un Avviso di Intenzione al Bureau of Land Management per i permessi, utilizzando strade esistenti per l'accesso e piattaforme di perforazione per ridurre al minimo il disturbo della superficie.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) ha anunciado su programa de perforación Fase Uno para 2025 para el proyecto de oro y plata West Santa Fe en la Walker Lane de Nevada, ubicado a 13 kilómetros de su proyecto insignia Santa Fe Mine. La empresa planea perforar 26 agujeros de circulación inversa, totalizando 6,300 metros, para validar perforaciones históricas y explorar objetivos de expansión.
El programa tiene como objetivo construir sobre los esfuerzos de perforación previos, que comprendieron más de 13,000 metros a través de 171 agujeros. Estos resultados de perforación histórica revelaron una zona de mineralización de oro y plata oxidada y superficial que podría potencialmente formar un recurso mineral explotable bajo los estándares NI 43-101. La geoquímica de rocas en superficie ha mostrado resultados prometedores, con muestras de grab que alcanzan hasta 2.61 g/t de oro.
La empresa presentará un Aviso de Intención a la Oficina de Administración de Tierras para los permisos, utilizando caminos existentes para el acceso y plataformas de perforación para minimizar la perturbación de la superficie.
라혼탄 골드 코퍼레이션 (TSXV:LG)(OTCQB:LGCXF)이 네바다 워커 레인에 위치한 웨스트 산타페 금 및 은 프로젝트에 대한 2025년 1단계 시추 프로그램을 발표했습니다. 이 프로젝트는 플래그십 산타페 광산 프로젝트에서 13킬로미터 떨어져 있습니다. 회사는 역사적인 시추를 검증하고 확장 목표를 탐색하기 위해 총 6,300미터에 걸쳐 26개의 역순환 구멍을 시추할 계획입니다.
이 프로그램은 171개의 시추 구멍을 통해 13,000미터 이상을 포함한 이전 시추 작업을 기반으로 하고자 합니다. 이러한 역사적인 시추 결과는 NI 43-101 기준에 따라 채굴 가능한 광물 자원이 형성될 수 있는 얕고 산화된 금 및 은 광물화 구역을 드러냈습니다. 표면 암석의 지구화학은 최대 2.61 g/t의 금 함량을 기록한 샘플로 유망한 결과를 보여주었습니다.
회사는 지표의 교란을 최소화하기 위해 접근 및 시추 플랫폼을 위한 기존 도로를 활용하여 토지 관리국에 허가를 위한 의도 통지를 제출할 것입니다.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) a annoncé son programme de forage Phase Un pour 2025 pour le projet d'or et d'argent West Santa Fe dans la Walker Lane du Nevada, situé à 13 kilomètres de son projet phare Santa Fe Mine. La société prévoit de forer 26 trous de circulation inverse, totalisant 6 300 mètres, afin de valider les forages historiques et d'explorer des cibles d'expansion.
Le programme vise à s'appuyer sur les efforts de forage précédents, qui comprenaient plus de 13 000 mètres répartis sur 171 trous. Ces résultats de forage historiques ont révélé une zone de minéralisation aurifère et argentifère peu profonde et oxydée qui pourrait potentiellement former une ressource minérale exploitable selon les normes NI 43-101. La géochimie des roches en surface a montré des résultats prometteurs, avec des échantillons de grab atteignant jusqu'à 2,61 g/t d'or.
La société soumettra un avis d'intention au Bureau of Land Management pour des permis, en utilisant des routes existantes pour l'accès et des plateformes de forage afin de minimiser la perturbation de la surface.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) hat sein Bohrprogramm Phase Eins für 2025 für das West Santa Fe Gold- und Silberprojekt im Walker Lane von Nevada angekündigt, das 13 Kilometer von seinem Flaggschiff-Projekt Santa Fe Mine entfernt liegt. Das Unternehmen plant, 26 Umkehrbohrlöcher mit einer Gesamtlänge von 6.300 Metern zu bohren, um historische Bohrungen zu validieren und neue Ziele zu erkunden.
Das Programm zielt darauf ab, auf früheren Bohrungen aufzubauen, die über 13.000 Meter in 171 Bohrlöchern umfassten. Diese historischen Bohrergebnisse zeigten eine Zone mit flacher, oxidierter Gold- und Silbermineralisierung, die potenziell eine abbaubare Mineralressource nach NI 43-101-Standards bilden könnte. Die geochemischen Analysen von Oberflächenproben haben vielversprechende Ergebnisse gezeigt, wobei Grabproben Gehalte von bis zu 2,61 g/t Gold aufwiesen.
Das Unternehmen wird eine Absichtserklärung beim Bureau of Land Management für Genehmigungen einreichen und bestehende Straßen für den Zugang sowie Bohrplattformen nutzen, um die Störung der Oberfläche zu minimieren.
- Strategic location 13km from flagship Santa Fe Mine project
- Previous drilling data shows potential for shallow, oxidized gold-silver mineralization
- Surface samples grade up to 2.61 g/t gold
- Minimal surface disturbance planned by using existing infrastructure
- None.
TORONTO, 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 and drill platforms, generating minimal surface disturbance. A short video illustrating the drill program can be found here: https://youtu.be/rxSg9srUXx0
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 702,067ounces 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(grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael Lindholm, P.Geo., Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Lindholm was not an author for the Technical Report* and does not take responsibility for the resource calculation but can confirm that the grade and ounces in this press release are the same as those given in the Technical Report. For more information, please visit our website: www.lahontangoldcorp.com
* Please see the "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project", Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company's website and SEDAR+.
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email: Kimberly.ann@lahontangoldcorp.com
Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange("TSXV") nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedarplus.com
SOURCE: Lahontan Gold Corp
View the original press release on ACCESS Newswire
FAQ
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