Lahontan Gold Corp. has initiated its 2025 drilling program at the Santa Fe Mine project in Nevada, targeting potential expansion of gold and silver resources. The company has deployed a reverse-circulation drill rig and support equipment to the Slab target area, with plans to first drill on patented claims before expanding to Bureau of Land Management (BLM) administered land.
The drilling initiative aims to expand known resources at the Slab and York targets while collecting additional samples for metallurgical testing. Initial assay results are anticipated within four to six weeks, potentially providing critical insights into the project's mineral potential.
The Santa Fe Mine project has a significant historical production record, having previously produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. Current mineral resources include an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent.
This drilling program represents a strategic step in Lahontan Gold's broader objective to advance the Santa Fe Mine project towards production. The company plans to update its Preliminary Economic Assessment and continue exploring potential opportunities within the project area during 2025.
