Lahontan Gold Launches 2025 Exploration Program at Nevada's Santa Fe Mine
TL;DR
Lahontan Gold mobilizes drill rig at Santa Fe Mine for 2025 drilling program, aiming to expand gold and silver resources.
Phase one focuses on Slab target area, starting on patented claims and expanding onto BLM land pending approval of Notice of Intent.
Lahontan's efforts may lead to increased gold and silver resources, potentially benefiting local economy and contributing to sustainable mining practices.
Exciting initial assay results expected within four to six weeks from Lahontan Gold's drilling program at Santa Fe Mine in Nevada's Walker Lane.
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Lahontan Gold Corp. has commenced its 2025 drilling program at the Santa Fe Mine project located in Nevada's Walker Lane region. The company has strategically positioned a reverse-circulation drill rig and support equipment to begin exploration activities targeting the Slab target area. The initial drilling phase will first focus on patented claims, with plans to expand onto Bureau of Land Management administered land pending regulatory approval.
The primary objectives of this program include expanding known gold and silver resources at the Slab and York targets while collecting additional sample material for comprehensive metallurgical testing. The Santa Fe Mine project has a significant historical production record, having previously yielded 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 through open pit mining and heap-leach processing.
Current mineral resource estimates indicate an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent. Exploration results are anticipated within four to six weeks, with initial assay results expected to provide insights into the potential expansion of the project's mineral resources. This drilling program represents a critical step in Lahontan Gold's strategy to advance the Santa Fe Mine project towards potential future production.
The company's focus on the Slab target area follows previous exploration work that identified promising mineralization patterns. The strategic positioning of drilling equipment allows for efficient testing of multiple zones within the target area. The collection of additional sample material for metallurgical testing will provide valuable data on processing characteristics and recovery rates for the mineralized material.
The Santa Fe Mine project's location in Nevada's Walker Lane region places it within a well-established mining district known for significant precious metal deposits. The project's historical production record demonstrates the economic viability of mineralization in the area, while current resource estimates suggest substantial remaining potential. The timing of the drilling program aligns with increased interest in domestic mineral resource development and gold exploration activities.
Successful results from this drilling campaign could significantly enhance the project's overall resource base and support future development decisions. The company's methodical approach to exploration, beginning with patented claims before moving to BLM-administered land, demonstrates careful planning and regulatory compliance. The anticipated assay results within four to six weeks will provide critical data for evaluating the project's continued development potential and resource expansion opportunities.
Curated from InvestorBrandNetwork (IBN)
