Lahontan Gold Advances Nevada Exploration with Significant Santa Fe Mine Resources
TL;DR
Lahontan Gold Corp. is strategically positioned to become Nevada's premier silver and gold producer with its four high-potential exploration properties in Walker Lane.
Lahontan Gold Corp. has drilled 13,118 meters across 50 holes, establishing a pit-constrained NI 43-101 resource estimate of 1.539 million indicated ounces and 0.411 million inferred ounces of gold equivalent.
Lahontan Gold Corp.'s exploration and development in Nevada's Walker Lane could contribute to local economies and the global supply of precious metals.
The Santa Fe Mine, Lahontan Gold Corp.'s flagship project, previously produced 356,000 ounces of gold and 784,000 ounces of silver between 1988 and 1995.
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Lahontan Gold Corp. continues to advance its exploration portfolio in Nevada's Walker Lane, a region gaining recognition for its mineral exploration potential. The company holds four exploration properties in this geologically diverse area, with the Santa Fe Mine serving as its flagship project. Historical production at Santa Fe Mine totaled 356,000 ounces of gold and 784,000 ounces of silver between 1988 and 1995, establishing the site's proven mineral endowment.
Recent drilling campaigns have significantly expanded the project's resource base, contributing to a current estimate of 1.539 million indicated ounces and 0.411 million inferred ounces of gold equivalent. This substantial resource underscores the continued potential of the Santa Fe Mine and validates the company's strategic focus on the Walker Lane region. The growing resource base supports Lahontan Gold's objective of advancing the Santa Fe Mine toward production, with plans to update the Preliminary Economic Assessment and conduct drill testing at the West Santa Fe project in 2025.
The Walker Lane's emergence as a prime target for mineral exploration highlights the strategic importance of Lahontan Gold's property portfolio in this developing mining district. The company's systematic approach to exploration and development demonstrates its commitment to unlocking value from the region's rich geological offerings. For additional information about the company's projects and ongoing progress, visit https://lahontangoldcorp.com.
Lahontan Gold's focused development strategy positions the company to benefit from the Walker Lane's growing reputation as a significant mineral exploration corridor. The combination of historical production data and modern exploration techniques provides strong validation for the company's approach to resource development. The planned 2025 activities, including the updated economic assessment and additional drilling, represent important milestones in advancing the Santa Fe Mine project toward potential production.
Curated from InvestorBrandNetwork (IBN)
