Lahontan Gold Corp

OTCQB:LGCXFUnited StatesView on Canadian Exchange

Oct 15, 2024

Show headlines and story abstract

• Lahontan Announces Increase in Mineral Resources at Santa Fe: 1,539,000 Au Eq oz Indicated, and 411,000 Au Eq oz Inferred, from 7:02AM ET on Tuesday Oct 15, 2024 by Accesswire

  7:02AM ET on Tuesday Oct 15, 2024 by Accesswire
  Companies Mentioned: LGCXF

  TORONTO, ON / ACCESSWIRE / October 15, 2024 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan" ) is pleased to announce an updated Mineral Resource Estimate ("MRE") for its flagship Santa Fe Mine, a past-producing open pit, heap leach, gold and silver mine, located in Nevada's prolific Walker Lane. The MRE for Santa Fe is based upon 988 drill holes totaling 97,281 metres, including 79 drill holes totaling 19,151 metres drilled by Lahontan since 2021.

• Lahontan Announces Increase in Mineral Resources at Santa Fe: 1,539,000 Au Eq oz Indicated, and 411,000 Au Eq oz Inferred, from 7:02AM ET on Tuesday Oct 15, 2024 by Dow Jones

  7:02AM ET on Tuesday Oct 15, 2024 by Dow Jones
  Companies Mentioned: LG
  
  Lithology and gold and silver bearing domains were modelled using Leapfrog 2024. These domains are mainly defined by logged jasperoid and limestone-breccia lithologies and continuity of gold grades above 0.1 g/t gold. Metallurgical domains for oxide, transition and non-oxide were modelled based on ratio of cyanide leachable gold assay values to fire assay gold values in addition to drillhole logs recording abundance of pyrite and oxidation intensity. Transition material represents approximately 25% of oxide tonnes and comes almost entirely from the Santa Fe deposit. Transition domain material is included in the oxide resource. Domains representing lithology, weathering and mineralization models were assigned to a block model with a block size of 5 m x 5 m x 6 m. Average bulk densities representative of the mineralization and lithology models were assigned to the block model and vary from 2.4 t/m (3) to 2.6 t/m (3) .