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 making significant progress in Nevada's Walker Lane region, an area gaining recognition for its mineral exploration opportunities. The company holds and is advancing four exploration properties in this geologically diverse territory, with the Santa Fe Mine serving as its primary development 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 legacy as a productive mining operation.
Recent drilling activities have contributed to updated resource estimates that demonstrate the site's continued potential. The current resource stands at 1.539 million indicated ounces and 0.411 million inferred ounces of gold equivalent, representing substantial mineral wealth that underscores the project's economic viability. These figures highlight the significant remaining value in a mine that has already proven its productive capacity through historical operations.
The Walker Lane region's growing reputation as a prime target for mineral exploration emphasizes the strategic importance of Lahontan Gold's property portfolio. The company's focused approach to advancing the Santa Fe Mine project toward production reflects its commitment to leveraging the area's rich geological characteristics. Future plans include updating the Preliminary Economic Assessment and conducting drill testing at the West Santa Fe project in 2025, indicating continued investment in exploration and development activities.
For additional information about Lahontan Gold Corp.'s ongoing projects and development progress, visit https://lahontangoldcorp.com. The company's systematic approach to resource development in this promising geological region demonstrates the ongoing potential for significant mineral discoveries and economic development in Nevada's mining sector. The combination of historical production success and current resource estimates positions the Santa Fe Mine as a substantial asset in the company's exploration portfolio.
Curated from InvestorBrandNetwork (IBN)
