TORONTO, ON / ACCESSWIRE / February 20, 2024 / Lahontan Gold Corp (TSXV:LG),(OTCQB:LGCXF) (the "Company" or "Lahontan"), is pleased to announce the results from rock-chip sampling and geologic mapping at its 19.7 km2 West Santa Fe project ("West Santa Fe"). West Santa Fe is located only 13 km from the Company's flagship Santa Fe Mine project in mining friendly Nevada's Walker Lane. New geologic mapping and sampling have identified high-grade gold and silver mineralization in area north of the historic Mindora shaft with individual samples containing up to 2.61 g/t gold and 899 g/t silver (14.60 g/t Au Eq, please see Table, Map and Photo below). Samples range in value from 0.02 to 2.61 g/t gold and 0.7 to 899 g/t silver, and average 1.97 g/t Au Eq.
|
Sample ID |
Au (g/t) |
Ag (g/t) |
Au Eq (g/t) |
Description |
|
503407 |
0.56 |
9.8 |
0.69 |
Silicified breccia |
|
503408 |
0.71 |
22.0 |
1.00 |
Gossan fault gouge |
|
503409 |
0.02 |
0.7 |
0.03 |
Gossan fault gouge |
|
503410 |
0.62 |
36.9 |
1.11 |
Clay fault breccia |
|
503411 |
0.36 |
85.1 |
1.49 |
Clay fault gouge |
|
503412 |
0.73 |
35.1 |
1.20 |
Gossan fault gouge |
|
503413 |
0.14 |
10.1 |
0.27 |
Gossan fault gouge |
|
503414 |
0.11 |
2.0 |
0.14 |
Silicified breccia |
|
503415 |
1.45 |
44.9 |
2.05 |
Fault gouge, vein quartz |
|
503416 |
2.61 |
899.0 |
14.60 |
Silicified breccia, gossan |
|
503417 |
0.12 |
8.1 |
0.23 |
Clay fault gouge |
|
503418 |
0.45 |
24.9 |
0.78 |
Red jasperoid |
|
Average: |
0.66 |
98.2 |
1.97 |
Results from rock-chip sampling at the West Santa Fe Project. Au Eq equals (Au g/t) + ((Ag g/t)/75). Metallurgical recovery has not been factored as insufficient test-work is available to determine potential Ag recoveries.
* Please see the Santa Fe Project Technical Report, Authors: Trevor Rabb and Darcy Baker, P. Geos. Effective Date: December 7, 2022, Report Date: March 2, 2023. The Technical Report is available on the Company's website and SEDAR.
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a varietyof risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com
