Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has released the first assay results from its 2025 maiden reverse-circulation drilling program at the West Santa Fe Project in Nevada's Walker Lane. The results confirm a shallow, thick intercept of oxide gold and silver mineralization, validating historic drilling data and supporting the potential for a disseminated gold-silver system.
Highlights from hole WSF25-06R include 54.9 meters grading 1.00 g/t gold equivalent, including 16.8 meters grading 1.75 g/t gold equivalent. The intercept also showed silver-rich mineralization with individual values up to 176 g/t silver. The company stated that these results support the potential for a shallow, oxidized disseminated gold-silver system at West Santa Fe and validate historic drilling data as it advances the project alongside its nearby Santa Fe Mine Project.
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 Nevada. The company'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 tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained.
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 has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.
For more information, visit the company's website at www.lahontangoldcorp.com. The full press release is available at https://ibn.fm/EAuXA.
