Lahontan Gold Advances Nevada's Santa Fe Mine Project with Significant Resource Estimates
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. is advancing its mineral exploration portfolio in Nevada's Walker Lane, a region gaining recognition for its substantial mineral potential. The company holds four exploration properties in this geologically diverse area, with the Santa Fe Mine serving as its primary development project. Historical production at the Santa Fe Mine yielded 356,000 ounces of gold and 784,000 ounces of silver between 1988 and 1995, establishing a foundation for continued development.
Recent drilling activities have contributed to a significant resource estimate of 1.539 million indicated ounces and 0.411 million inferred ounces of gold equivalent. These figures demonstrate the ongoing potential of the Santa Fe Mine site and support the company's development strategy. The Walker Lane's growing reputation as a prime target for mineral exploration underscores the strategic importance of Lahontan Gold's property portfolio in this emerging mining district.
The company's current focus involves advancing the Santa Fe Mine project toward production while planning to update the Preliminary Economic Assessment. Additional exploration activities include drill testing the West Santa Fe project scheduled for 2025. These initiatives reflect the company's commitment to capitalizing on the area's rich geological offerings and expanding its resource base. For comprehensive information about Lahontan Gold Corp.'s projects and development progress, visit https://lahontangoldcorp.com.
The substantial resource estimates at the Santa Fe Mine position Lahontan Gold as a significant player in Nevada's mining sector. The combination of historical production data and current resource calculations provides a solid foundation for future development decisions. The company's strategic approach to exploring and developing its Walker Lane properties aligns with increasing interest in this mineral-rich region, potentially contributing to Nevada's status as a major gold-producing state.
Curated from InvestorBrandNetwork (IBN)
