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Lahontan Gold Corp (LGCXF) is a Canadian mine development and mineral exploration company with a focus on gold and silver projects in Nevada's Walker Lane. The company's flagship property, the Santa Fe Mine, has a rich history of production and holds significant mineral resources. Lahontan is engaged in updating technical reports, conducting drilling programs, and planning for future mine development, supported by a team of top mining consultancies.
Lahontan Gold Corp (TSXV:LG, OTCQB:LGCXF) announced the results of its Annual and Special Meeting of Shareholders held on June 27, 2024. A total of 45.4% of the outstanding shares were represented. All matters submitted were approved by at least 98.3% of votes. This includes the election of all five management nominees to the board of directors, the re-appointment of PricewaterhouseCoopers LLP as auditors for the next year, and the re-approval of the company's 10% rolling stock option plan.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) has completed Phase Two of its 2024 drilling program at the Santa Fe Mine project in Nevada. This phase included five reverse-circulation drill holes totaling 1,044 meters, adding to the 11 RC drill holes totaling 2,347 meters completed in 2024. The drilling aimed to define open pit geometries for an updated Mineral Resource Estimate (MRE), extend mineralization at depth, and explore the Slab target area. Samples have been sent to the assay lab, with results expected soon. CEO Kimberly Ann highlighted the rapid and under-budget completion of the drilling and ongoing work on the Preliminary Economic Assessment (PEA), including site visits and cost studies.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) has confirmed an eastern extension of shallow gold and silver mineralization at its West Santa Fe project in Nevada's Walker Lane, close to its Flagship Santa Fe Mine Project. Detailed fieldwork and reinterpretation of a previous magnetic geophysical survey have identified a nearly 1,000-meter extension of mineralization from the historic drilling area. The historic drilling included 171 drill holes totaling approximately 13,000 meters. The new findings increase the size and potential of the mineralized zone and generate new drilling targets. CEO Kimberly Ann emphasized the importance of this work for understanding the full potential of the project and mentioned plans to continue mapping and sampling to finalize drill targets.
Lahontan Gold Corp (TSXV: LG, OTCQB: LGCXF) has completed Phase One of its 2024 drilling program at its flagship Santa Fe Mine project. The program included six reverse-circulation drill holes totaling 1,303 meters, focusing on the Slab and Calvada East target areas. Samples have been submitted to American Assay Laboratories for gold and silver analysis. One additional drill hole has been added to the Slab target area based on positive logging results. Phase Two of the drilling will commence later this week, with a Preliminary Economic Assessment (PEA) scheduled for completion in September. The company plans to provide ongoing updates on drill results, permitting, and PEA progress.
Lahontan Gold Corp (TSXV:LG, OTCQB:LGCXF) has mobilized a reverse-circulation drill rig to its Santa Fe Mine project in Nevada. The drill rig will begin operations immediately in the Slab open pit target area, with a planned drill program totaling approximately 3,000 meters. This effort aims to expand the project's Mineral Resource Estimate (MRE) and support a Preliminary Economic Assessment (PEA) planned for later this year. CEO Kimberly Ann stated that the company is accelerating its update of the MRE and has initiated scoping studies for the PEA. The company plans to provide updates on drill results, permitting, and PEA progress in the coming months.
Lahontan Gold Corp announces the grant of 9,100,000 options to purchase common shares at $0.08 per share for a period of five years to directors, officers, and consultants. The shares are subject to a four-month hold period from the grant date.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) announces a 3,000 meter drill program at Santa Fe Mine project in Nevada, following a successful 2023 campaign. This drilling aims to expand mineral resources, update the Mineral Resource Estimate, and support a Preliminary Economic Assessment. Mobilization of the drill rig is imminent, targeting areas with significant potential for project growth.
Lahontan Gold Corp has engaged Kappes, Cassiday and Associates for a Preliminary Economic Assessment of its Santa Fe Mine project in Nevada's Walker Lane. The assessment will include open-pit mining, crushing, heap leaching, and a carbon ADR plant. The project aims to optimize production rates and evaluate costs for a potential mining operation.
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