Lahontan Gold Corp. (LG-v - LGCXF)

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Lahontan Gold Corp. (LG-v - LGCXF)

Post by geo » Tue Jun 28, 2022 2:47 pm

Lahontan Gold Corp. (LG-v - LGCXF)
Victoria Gold owns 51%
Fully Diluted 111,700,000 outstanding
Cash $4,200,000 (as of March 2022
Corporate Presentation ... ssed-1.pdf

FE: 25.9m GRADING 20.36 GPT AU incl. 4.6m GRADING 112.3 GPT AU

Toronto, Ontario – June 28, 2022 – Lahontan Gold Corp. (TSX.V: LG) (formerly, 1246765 B.C. Ltd.)
(the “Company” or “Lahontan”) is pleased to announce drill results from two reverse-circulation rotary
(“RC”) drill holes exploring the Santa Fe pit area of the Company’s 19 km2 Santa Fe Project in Nevada’s
Walker Lane. The two drill holes, totaling 518.2 metres, were completed in late 2021. These drill holes
targeted northwest and down-dip step outs from known gold and silver mineralization along the Santa Fe
fault. Highlights include:
• SF21-014R: This RC drill hole is located approximately 350 metres northwest of the newly
discovered Big Horn high-grade zone and intercepted yet another area of high-grade gold
mineralization: 25.9 metre interval grading 20.36 gpt Au (please see table and map below). This
newly discovered high-grade zone, called “Bonanza”, has set a new standard with the highestgrade Au assays in project history: 4.6m grading 112.3 gpt Au. The Company has now
identified three distinct high-grade gold zones along nearly 800 metres of strike length on the Santa
Fe fault that remain open at depth and to the northwest.
• SF21-009R: This hole was drilled from the same site as SF21-014R and intercepted shallow
transition and oxide gold mineralization: 35.1m grading 1.07 gpt Au, expanding the envelope
of oxide and transition mineralization in this corner of the Santa Fe pit and producing new targets
for further step-out drilling.
Kimberly Ann, CEO, President, Director, and Founder of Lahontan Gold Corp commented: “The discovery
of yet another high-grade zone along the Santa Fe fault underscores the opportunity for finding additional
high-grade zones at the Santa Fe Project. The grades seen in the Bonanza and Big Horn zones are
exceptional for a Carlin-style gold deposit. The distribution of high-grade gold and silver mineralization
occurs in a “string of pearls” manner, with each “pearl” corresponding to the intersection between the
northwest-trending Santa Fe fault and easterly-trending structures. This interpretation generates multiple
high-grade targets northwest of the Bonanza zone and can also be applied elsewhere in the district as we
search for additional high-grade mineralization. The BH, Big Horn, and Bonanza high-grade zones are open
down-dip, down-rake, and the Bonanza zone remains open to the northwest with the high-grade resource
potential unconstrained at depth by drilling. ... LFINAL.pdf
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