Lahontan Gold Corp. [TSXV-[TSXV-LG; OTCQB-LGCXF]reported arise from rock-chip tasting and geologic mapping at its 19.7 km2West Santa Fe job found just 13 km from the business’s flagship Santa Fe Mine task in Nevada’s Walker Lane pattern.
New geologic mapping and tasting have actually recognized state-of-the-art gold and silver mineralization in location north of the historical Mindora shaft with private samples including approximately 2.61 g/t gold and 899 g/t silver (14.60 g/t Au Eq). Samples vary in worth from 0.02 to 2.61 g/t gold and 0.7 to 899 g/t silver, and typical 1.97 g/t Au Eq.
Current geologic mapping and tasting at the West Santa Fe job, Mineral County, Nevada. Gold grades in g/t are overlain on Lahontan’s geologic map, with blue lines representing faults. The greatest Au grade samples gathered are beyond locations of extreme historical drilling and broaden Lahontan’s drill target location at West Santa Fe.
Eleven surficial rock chip samples were gathered in a location proximal to the historical Mindora shaft location in order to even more broaden prospective drill targets and much better comprehend circulation of epithermal gold and silver mineralization at the surface area.
Previous drilling in this location specified a big oxide gold and silver system that stays open along strike and at depth. The greatest grades, 2.61 g/t gold and 899 g/t silver in sample 503416, originated from a gossan abundant fault gouge where a significant northeast striking high-angle fault converges an older low-angle thrust fault. These crossways of several fault sets and the crossway of faults with fold axes are showing to be vital controls on gold and silver mineralization at West Santa Fe.
Kimberly Ann, Lahontan Founder, CEO, President, and Director commented: “The work by our geologic group at West Santa Fe has actually shown essential in comprehending the controls to gold and silver mineralization at West Santa Fe. High grade gold and silver appear to be related to fault crossways and offer exceptional drill targets for broadening the footprint of this currently large hydrothermal system. We will utilize this information to create Lahontan’s Phase One drill program with the objective of specifying a first Mineral Resource Estimate for West Santa Fe in 2024.”
Arise from rock-chip tasting at the West Santa Fe Project. Au Eq equates to (Au g/t) + ((Ag g/t)/ 75). Metallurgical healing has actually not been factored as inadequate test-work is readily available to identify possible Ag healings.
Gossanous silicified breccia localized where a significant northeast striking high-angle fault converges an older low-angle thrust fault. Test 503416, drawn from historical operations at this place, grades 2.61 g/t gold, 899 g/t silver (14.60 g/t Au Eq).
Lahontan Gold holds, through its United States subsidiaries, 4 top-tier gold and silver expedition homes in the Walker Lane, Nevada. Lahontan’s flagship home, the 26.4 km2Santa Fe Mine, had previous production of 345,000 ounces of gold and 711,000 ounces of silver in between 1988 and 1995 from open pit mines making use of heap-leach processing. The Santa Fe Mine has NI 43-101 certified Indicated Mineral Resource of 1,112,000 oz Au Eq(grading 1.14 g/t Au Eq) and an Inferred Mineral Resource of 544,000 oz Au Eq (grading 1.00 g/t Au Eq), all pit constrained (Au Eq is inclusive of healing). The business will continue to strongly check out Santa Fe throughout 2024 and start the procedure of examining advancement circumstances to bring the Santa Fe Mine back into production.