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Lahontan Gold Corp. ( (TSE:LG) ) has issued an update.
Lahontan Gold reported additional assay results from its 2025 maiden reverse-circulation drilling program at the West Santa Fe project, 13 km from its Santa Fe Mine in Nevada. Two holes intersected broad zones of shallow oxide gold-silver mineralization, including 48.8 metres grading 0.83 g/t Au Eq and 45.7 metres grading 0.64 g/t Au Eq starting at surface, with higher-grade internal intervals.
Management said the results confirm the northern extent of mineralization and outline a surface footprint of about 500 by 350 metres, with thicknesses generally between 35 and 60 metres. The gently dipping geometry could support low-strip open-pit mining in the future, and the company has multiple permitted drill sites to expand the system, with final 2025 drill results and follow-up programs now being planned.
More about Lahontan Gold Corp.
Lahontan Gold Corp. is a mineral exploration company focused on gold and silver projects in Nevada’s Walker Lane trend. Its flagship asset is the Santa Fe Mine project, and it is advancing nearby satellite targets such as the West Santa Fe project to delineate shallow, potentially open-pittable oxide mineralization in a well-established precious metals district.
Average Trading Volume: 1,284,104
Technical Sentiment Signal: Buy
Current Market Cap: C$91.31M
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