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The latest announcement is out from Lahontan Gold Corp. ( (TSE:LG) ).
Lahontan Gold Corp. has mobilized a second drill rig, a track-mounted reverse-circulation unit, to its flagship Santa Fe Mine project in Nevada to complement the ongoing diamond drilling program. The new rig will target under-explored areas made accessible by the recently approved exploration Plan of Operations, which allows for more than 700 new drill holes across the property.
Management says the shift into broader exploration drilling marks a new phase in the evolution of the Santa Fe project, alongside ongoing resource definition and expansion work. The program is intended to unlock additional mineral potential on the district-scale land package and support Lahontan’s longer-term plan to restart gold and silver mining operations at Santa Fe, reinforcing its growth trajectory in the Nevada precious metals sector.
More about Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company focused on gold and silver projects in Nevada’s Walker Lane district. Its flagship 28.3 km² Santa Fe Mine, a past-producing open-pit, hosts a sizable NI 43-101 compliant indicated and inferred gold-equivalent resource, which the company aims to advance back toward production.
Average Trading Volume: 1,700,117
Technical Sentiment Signal: Buy
Current Market Cap: C$178.4M
For detailed information about LG stock, go to TipRanks’ Stock Analysis page.