Lahontan Gold Advances Nevada Exploration with Significant Resource Estimates at Santa Fe Mine
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 making significant progress in Nevada's Walker Lane region, an area gaining recognition for its mineral exploration potential. The company holds and is developing four exploration properties in this geologically diverse territory, with the Santa Fe Mine serving as its flagship project. Historical production data reveals the Santa Fe Mine yielded 356,000 ounces of gold and 784,000 ounces of silver between 1988 and 1995, establishing its proven mineral endowment.
Recent drilling activities have contributed to a substantial resource estimate of 1.539 million indicated ounces and 0.411 million inferred ounces of gold equivalent at the Santa Fe site. These figures demonstrate the property's continued exploration potential and economic viability. The Walker Lane's emerging reputation as a prime target for mineral exploration underscores the strategic value of Lahontan Gold's property portfolio in this promising geological corridor.
The company maintains a clear focus on advancing the Santa Fe Mine project toward production while planning to update the Preliminary Economic Assessment. Additional exploration activities include scheduled drill testing of the West Santa Fe project in 2025, reflecting the company's systematic approach to resource development. These initiatives highlight Lahontan Gold's commitment to maximizing the value of its assets in this mineral-rich region. For comprehensive information about Lahontan Gold Corp.'s projects and ongoing progress, visit https://lahontangoldcorp.com.
The combination of historical production records and current resource estimates positions the Santa Fe Mine as a significant asset in Nevada's mining landscape. The company's strategic development plans and exploration schedule demonstrate a methodical approach to unlocking the full potential of its Walker Lane properties. This systematic advancement of multiple projects within a recognized mineral belt represents an important contribution to the region's mining sector development and economic potential.
Curated from InvestorBrandNetwork (IBN)
