Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) released the first assay results from its maiden 2025 reverse-circulation drilling program at the West Santa Fe Project in Nevada's Walker Lane. The results confirm a shallow, thick intercept of oxide gold and silver mineralization that validates historic drilling data, the company said.
Highlights from hole WSF25-06R include 54.9 meters grading 1.00 g/t gold equivalent, including 16.8 meters grading 1.75 g/t gold equivalent. Silver-rich mineralization returned individual intercepts up to 176 g/t silver. The company noted that the results support the potential for a shallow, oxidized disseminated gold-silver system at West Santa Fe.
Lahontan Gold is advancing the West Santa Fe project alongside its nearby Santa Fe Mine Project, which has a National Instrument 43-101 compliant indicated mineral resource of 1,539,000 ounces gold equivalent and an inferred resource of 411,000 ounces gold equivalent. The company plans to continue exploration and development activities in 2025.
For more details, the full press release is available at https://ibn.fm/EAuXA.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company holding four top-tier gold and silver properties in Nevada. Its flagship Santa Fe Mine project had past production of 359,202 ounces of gold and 702,067 ounces of silver from 1988 to 1995. The company's technical content has been reviewed by Michael Lindholm, CPG, a qualified person under National Instrument 43-101.
Investors can find the latest news and updates relating to LGCXF at http://ibn.fm/LGCXF.
This announcement is significant as it confirms the potential for a shallow oxide gold-silver system at West Santa Fe, which could enhance the overall resource base and development prospects for Lahontan Gold's projects in the Walker Lane region.
