Lahontan Gold Launches 2025 Exploration Program at Nevada's Santa Fe Mine
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 commenced its 2025 drilling program at the Santa Fe Mine project located in Nevada's Walker Lane region. The company has strategically positioned a reverse-circulation drill rig and support equipment to begin exploration activities targeting the Slab target area. The initial drilling phase will first focus on patented claims, with plans to expand onto Bureau of Land Management (BLM) administered land pending regulatory approval.
The primary objectives of this program include expanding known gold and silver resources at the Slab and York targets while collecting additional sample material for comprehensive metallurgical testing. The Santa Fe Mine project has a significant historical production record, having previously yielded 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 through open pit mining and heap-leach processing.
Current mineral resource estimates indicate an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent. Exploration results are anticipated within four to six weeks, with initial assay results expected to provide insights into the potential expansion of the project's mineral resources. This drilling program represents a critical step in Lahontan Gold's strategy to advance the Santa Fe Mine project towards potential future production.
Curated from InvestorBrandNetwork (IBN)
