Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) announced the first assay results from its 2025 maiden reverse-circulation drilling program at the West Santa Fe Project in Nevada's Walker Lane, reporting a shallow, thick intercept of oxide gold and silver mineralization that confirms historic drilling results. The company said the 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.
Highlights from hole WSF25-06R include 54.9 metres grading 1.00 g/t gold equivalent, including 16.8 metres grading 1.75 g/t gold equivalent, with silver-rich mineralization returning individual intercepts up to 176 g/t silver. These results are significant because they demonstrate continuity of mineralization near surface, which could lead to low-cost open-pit mining and heap-leach processing similar to the past production at the Santa Fe Mine.
The West Santa Fe project is located approximately 5 kilometres from the company's flagship Santa Fe Mine project, which had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. The Santa Fe Mine currently hosts a NI 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) 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). The company plans to update the Santa Fe Preliminary Economic Assessment and continue advancing both projects toward production during 2025.
Lahontan Gold holds four top-tier gold and silver exploration properties in the mining-friendly jurisdiction of Nevada. 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.
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