Core drill holes CAL21-004C, 006C, and 007C are highlighted in green.
With over 1,500 metres of strike length to explore, oxidized gold and silver mineralization along the Calvada fault will be one focus of our 2022 drilling campaign which is expected to begin shortly".ĭrill hole location map, Slab-Calvada pit area, Santa Fe Project, Mineral County, Nevada. As can be seen in the cross sections, the topography of this area is very favorable for a very low strip ratio in potential open pit mining scenarios. Oxidized mineralization extends to at least 200 metres depth and historic drilling suggests even greater depths of oxidation.
Kimberly Ann, CEO, President, Director, and Founder of Lahontan Gold Corp commented: "These drill holes confirm the exciting oxide gold resource potential of the Calvada fault zone. Gold and silver mineralization is hosted by brecciated, leached, and oxidized limestone. Gold and silver mineralization crops out on the surface and now has been traced down-dip over a vertical range of almost 200 metres mineralization remains open at depth.ĭrill hole CAL2-004C, 107.7 to 108.5m (353.5-356.0 feet) 0.8 metres grading 0.92 gpt Au, 1.3 apt Ag (0.94 gpt Au Eq). These three drill holes intercepted shallow, oxidized gold and silver mineralization along the Calvada fault zone, an east-west trending structure that links the previously mined Slab and Calvada pits (please see map below). 32.1 metres grading 0.54 gpt Au and 3.7 gpt Ag (0.58 gpt Au Eq) starting at a vertical depth of only 60 metres in drill hole CAL21-006C.21.0 metres grading 0.89 gpt Au and 2.7 gpt Ag (0.93 gpt Au Eq) of oxidized mineralization in drill hole CAL21-007C confirming oxidized precious metal mineralization over a vertical range of over 150 metres (please see cross section and table below).Historic drilling in this area outlined significant potential oxide resources.
The three drill holes, totaling 552 metres, were completed in late 2021 and targeted down-dip extensions of oxidized gold and silver mineralization along the Calvada fault. Ltd.) (the "Company" or "Lahontan") is pleased to announce drill results from the final three core drill holes exploring the Slab-Calvada pit area of the Company's 19 km2 Santa Fe Project in Nevada's Walker Lane. Top Battery Metals Stocks on the TSX and TSXV.