Lahontan Gold Corp. Initiates 2025 Drilling Program at Santa Fe Mine Project
TL;DR
Lahontan Gold mobilizes drill rig at Santa Fe Mine for 2025 drilling program, aiming to expand gold and silver resources.
Phase one focuses on Slab target area, starting on patented claims and expanding onto BLM land pending approval of Notice of Intent.
Lahontan's efforts may lead to increased gold and silver resources, potentially benefiting local economy and contributing to sustainable mining practices.
Exciting initial assay results expected within four to six weeks from Lahontan Gold's drilling program at Santa Fe Mine in Nevada's Walker Lane.
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Lahontan Gold Corp. has embarked on its 2025 drilling program at the Santa Fe Mine project, situated in Nevada's Walker Lane region. The company has strategically deployed a reverse-circulation drill rig and support equipment to initiate exploration activities, with the Slab target area being the primary focus. The initial phase of drilling will concentrate on patented claims, with intentions to extend operations onto Bureau of Land Management (BLM) administered land, subject to regulatory approvals.
The drilling program is designed with several key objectives in mind, including the expansion of known gold and silver resources at the Slab and York targets. Additionally, the program aims to gather further sample material for detailed metallurgical testing. The Santa Fe Mine project boasts a notable historical production record, having produced 359,202 ounces of gold and 702,067 ounces of silver from 1988 to 1995 through open pit mining and heap-leach processing methods.
Current estimates of the project's mineral resources stand at an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent. The exploration team expects to receive results within four to six weeks, with initial assay data anticipated to shed light on the potential for expanding the project's mineral resources. This drilling initiative marks a pivotal moment in Lahontan Gold's efforts to propel the Santa Fe Mine project closer to the possibility of future production.
For more information on Lahontan Gold Corp. and its projects, visit https://www.lahontangoldcorp.com.
Curated from InvestorBrandNetwork (IBN)
