Lahontan Gold Corp. Secures BLM Approval for Expanded Drilling at Santa Fe Mine
Lahontan Gold Corp. has received U.S. Bureau of Land Management approval to expand drilling at its Santa Fe Mine project in Nevada, marking a significant step in exploring extensions of known gold and silver resources.
Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has achieved a pivotal milestone with the U.S. Bureau of Land Management's approval to expand drilling operations at its Santa Fe Mine project in Nevada's Walker Lane trend. This approval allows the company to explore new drill sites on unpatented federal claims, targeting extensions of the Slab and York zones, known for their gold and silver resources. With Phase One drilling already in progress and assay results anticipated soon, this development underscores the potential for significant resource expansion.
The Santa Fe Mine project, with a history of substantial gold and silver production, boasts a compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq. This expansion not only highlights Lahontan Gold Corp.'s commitment to advancing the Santa Fe Mine towards production but also reinforces Nevada's position as a key mining jurisdiction. The implications of this approval extend beyond the company, offering potential economic benefits to the region and contributing to the global supply of precious metals.