newsfilter
← Latest News
GlobeNewswire·

Lahontan Drills 16.5m Grading 2.72 g/t Au and 2.8 g/t Ag at Santa Fe Heap Leach Pad Two

LGCXF
  • Lahontan Gold Corp announced results from 10 vertical Sonic core drill holes totaling 168.9 meters at Santa Fe Mine Heap Leach Pad Two (HLP Two) in Nevada.
  • Nearly every 0.76-meter drill interval contains meaningful gold & silver mineralization with a weighted average grade of 0.50 g/t Au, 3.3 g/t Ag, & 0.54 g/t Au Eq.
  • Historical data indicates HLP Two processed 3.76 million tonnes grading 0.58 g/t Au Eq in the late 1980s & early 1990s, leaving an expected residual grade of 0.32 g/t Au Eq.
  • Cyanide analysis results showing 5% to 82% recovery of fire assay values suggest the heap leach material is amenable to reprocessing using conventional cyanide leaching.
  • The drilling program consists of 26 completed holes with 86 additional holes planned across four historic heap leach pads to calculate Mineral Resources.
  • QA/QC protocols included inserting coarse blanks at a rate of 1 per 65 samples & Certified Reference Materials at a rate of 1 per 20 samples.
  • All samples were analyzed by American Assay Laboratories using 30-gram fire assay with ICP finish, 36-element geochemistry, & select cyanide leach tests.
  • Lahontan Gold aims to restart the Santa Fe Mine project in 2027 after completing an updated Preliminary Economic Assessment & advancing permitting activities.
  • The Company currently holds a NI 43-101 compliant Indicated Resource of 1,195,000 oz Au Eq & an Inferred Resource of 1,190,000 oz Au Eq.
  • Brian J. Maher, Senior Vice President of Mine Development & Exploration, verified the technical data disclosed in the release.