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May 21, 2023
Ora Gold Limited (“Ora” or the “Company”, ASX: OAU) is pleased to announce further high-grade gold intercepts from reverse circulation (RC) drilling at the Crown Prince Gold Prospect (M51/886).
Highlights:
- Further assay results from the company’s RC drilling at the Garden Gully Gold Project have been received.
- High-grade gold results returned from South-Eastern Ore Body (SEB). These results come from the down dip parts of the SEB structure and Au-bearing quartz lode within fresh, sheared-dolerite (i.e. primary zone / fresh rock). Best intercepts include:
- 21m @ 11.05g/t Au from 113m in OGGRC471, incl. 9m @ 22.24g/t Au from 121m
- 24m @ 3.96g/t Au from 27m in OGGRC477 incl. 8m @ 7.27g/t Au from 35m
- 17m @ 1.85g/t Au from 101m in OGGRC480, incl. 7m @ 3.5g/t Au from 111m
- 5m @ 6.13g/t Au from 182m in OGGRC468, and 3m @ 3.45g/t Au from 195m
- These results include assays from hole OGGRC471 which is the deepest hole drilled at the newly delineated SEB ore body. This drill hole highlights good mineralisation continuity at depth. The mineralised zone is open below this hole.
- The high-grade CVX lode within SEB was intersected at 113m metres downhole well below the top of fresh rock and base of oxidation and down dip from previously reported high grade intersections (refer ASX release 8 May 2022).
Drill holes in the current program have successfully delineated extensions to mineralized zones along strike of known mineralisation (to the north-west and south-east) and also in down-dip positions. In several areas new zones of gold mineralisation are indicated to be present in the footwall to previously drilled lodes.
The Crown Prince south-east extension (SEB) continues to develop as a key growth area for gold resources at the prospect.
Ora Gold’s CEO Alex Passmore commented: “We are pleased to report further high-grade gold intercepts from Crown Prince Prospect. These results will be used in an upcoming resource estimation. The drilling discussed in this release indicates that the SEB ore body is strongly mineralised in the primary zone i.e. well below the top of fresh rock and we look forward to further drilling in this area. Diamond drilling to target deeper zones is set to commence shortly with shallower up-dip positions being better defined by air-core and slimline RC drilling currently. All data received so far suggests the SEB zone mineralisation commences at shallow depths, is high-grade over good widths and hence is likely to show robust economic outcomes in any conceptual mining scenario.”
The Crown Prince Prospect is a high-grade gold deposit within Ora Gold’s Garden Gully Project. Crown Prince is located 22 kilometers north-west of Meekatharra in Western Australia via the Great Northern Highway and the Mt Clere Road (Figure 1).
The majority of assay results from an RC drill program undertaken in March and April targeting the Main Ore Body (MOB) and the South East Ore Body (SEB) have been received (Figure 2). Air core and slimline RC drilling is currently underway with diamond drilling set to commence in early June 2023.
The results in this release include a new high-grade extension to the South Eastern Ore Body (SEB) importantly this is the deepest intersection at this ore body thus far (Figures 2,3 and 4). Mineralisation is open at depth.
All hole details and sampling information are included in Table 1. Assay results with more than 0.1ppm Au are included in Appendix 1.
Primary gold mineralization from OGGRC471 (CVX Lode; South-East Extension)
Figure 1. Garden Gully tenements and the main gold prospect’s location
Figure 2. RC drill hole collars, traces, and structural setting over the Crown Prince Gold Prospect
South-Eastern Ore Body (SEB)
Additional high-grade gold intercepts have been returned and are reported in this release. The best intersections are located down-dip from the previously reported mineralized zone at SEB. Primary high- grade gold mineralisation has been confirmed showing the down-dip continuity of the CVX Lode (OGGRC471: 21m @ 11.05g/t Au from 113m in OGGRC471, incl. 9m @ 22.24g/t Au from 121m, refer Figures 3 and 4, AA’ cross section). This intercept is well below the TOFR and will be further tested at depth by diamond drilling (Figure 4).
Click here for the full ASX Release
This article includes content from Ora Gold Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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11h
Germany, Italy Face Pressure to Repatriate US$245 Billion in Gold as Trust in US Custody Wavers
Germany and Italy are facing mounting domestic pressure to repatriate more than a third of their gold reserves — worth an estimated US$245 billion — currently held in New York by the US Federal Reserve.
Germany and Italy hold the world’s second and third largest gold reserves, trailing only the US. A substantial portion of this metal is stored overseas, primarily in Manhattan’s Federal Reserve Bank.
This longstanding arrangement, based largely on postwar financial realities and New York’s role as a major global gold-trading hub, is now being questioned by officials and commentators across Europe’s political spectrum.
Fabio De Masi, a former member of European Parliament now affiliated with Germany’s new left-wing populist BSW party, told the Financial Times there are “strong arguments” to bring more of Germany’s bullion back home.
Taxpayers Association of Europe (TAE) President Michael Jäger echoed the same sentiments last month: "Trump wants to control the Fed, which would also mean controlling the German gold reserves in the US," he told Reuters.
"It's our money, it should be brought back."
Similar calls are being echoed in Italy, where economic commentator Enrico Grazzini recently warned that “leaving 43 per cent of Italy’s gold reserves in America under the unreliable Trump administration is very dangerous for the national interest." He was writing in Il Fatto Quotidiano ahead of Prime Minister Giorgia Meloni’s visit to Washington.
Fueling this renewed concern are statements made by US President Donald Trump, who earlier this month warned that he may have to “force something” if the US Federal Reserve does not lower interest rates.
Trump has also made direct appeals to the Department of Energy to stimulate oil production, signaling what critics interpret as increasing politicization of independent institutions like the Fed.
The TAE has urged both Germany and Italy to reconsider their reliance on the Fed. “We are very concerned about Trump tampering with the Federal Reserve Bank’s independence,” Jäger said. “Our recommendation is to bring the (German and Italian) gold home to ensure European central banks have unlimited control over it at any given point in time.”
Public skepticism over the safety of foreign gold holdings is not new.
In Germany, a grassroots movement that began in 2010 eventually prompted the Bundesbank to repatriate 674 metric tons of gold from New York and Paris between 2013 and 2017. The operation, which cost 7 million euros, resulted in half of Germany’s reserves being stored domestically by 2020. Nevertheless, 37 percent of its gold remains in the US.
Meloni’s Brothers of Italy party once echoed similar sentiments while in opposition, pledging in 2019 to bring Italy’s gold back home. But since assuming power in 2022, Meloni has largely gone silent on the issue.
Skepticism about US stewardship is not limited to political rhetoric.
According to the World Gold Council's latest survey on central bank gold reserves, 43 percent of the central banks surveyed plan to increase their gold holdings in the coming year — a record high.
The overwhelming majority of respondents (95 percent) expect global central bank gold reserves to keep rising, citing gold’s performance during crises, its inflation-hedging capabilities and its role as a diversifier. Notably, 59 percent of central banks surveyed reported holding at least part of their gold reserves domestically, up from 41 percent in 2024.
Although the Bank of England remains the most popular vaulting location, the World Gold Council's survey reveals growing caution over US custodianship: only 7 percent of respondents said they planned to increase domestic storage last year, but the figure jumped significantly in 2025.
New bill calls for US gold audit
Adding another layer of complexity is the push in Washington for greater transparency about America’s gold reserves. House Bill 3795, introduced by Representative Thomas Massie and backed by three co-sponsors, calls for the first comprehensive audit of US gold holdings in over six decades.
The bill would mandate a full inventory and assay of gold stored at Fort Knox, West Point and the Denver Mint, as well as a forensic accounting of all transactions involving US gold over the last 50 years.
“There are a lot of legitimate questions surrounding America’s gold holdings,” said Jp Cortez, executive director of the Sound Money Defense League, in a recent interview with the Investing News Network. He added:
“The question as to who actually owns the bars outright is really the most crucial question. And if it is shown that America does not actually own the gold, if the gold is there, but America does not own it, (or) if it has been pledged or leased or swapped or otherwise encumbered in any way … this would be a huge, huge detriment to the US and the global economy.”
Cortez emphasized that prior audits of US gold reserves have been insufficient.
“These aren't audits that have been done on the metal itself, but rather the storage containers that the metal is supposedly stored in," he said. “Owners or operators of a depository who functioned like this would go to jail.”
He also pointed out that much of the gold held by the US government is impure by modern market standards, having been melted down from older coinage. That means even if the bars are there, refinement questions will remain.
While Trump has not explicitly endorsed HB 3795, he has expressed interest in the issue, stating, "We're actually going to Fort Knox to see if the gold is there. Because maybe somebody stole the gold. Tons of gold."
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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11h
Chris Temple: Gold, Uranium the Best Stories Now; Plus Silver Outlook
Chris Temple, founder, editor and publisher of the National Investor, discusses the factors moving gold and the gold stock gains still to come.
Temple also shares his outlook for uranium and silver.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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12h
LaFleur Minerals Targets 2026 Production with Funded Drilling and Mill Restart Planning Underway
LaFleur Minerals (CSE:LFLR,OTCQB:LFLRF,FWB:3WK0) CEO Paul Ténière has outlined his company’s plans to complete at least 5,000 meters of diamond drilling at the Swanson gold project while planning for the restart of its 100 percent owned Beacon gold mill in Val-d'Or, Québec.
“We had the idea of looking at the Swanson project, in general, more on a district scale. And so as a result of all the work we've done, including recent IP surveys, we've generated several drilling targets,” Ténière said.
One of the goals of the drill program is to increase the resource, he added.
“(Drilling) will be focused on not just the Swanson deposit itself, but also on other targets … And our aim for that is to actually increase our existing resource to a million ounces.”
The chief executive also shared the financing strategy for the restart of the Beacon mill.
“We're getting a lot of (funding) interest,” Ténière said. “They do see a great opportunity with Beacon as there’s not a lot of mills that are available at the moment in the Abitibi.”
LaFleur is anticipating the Beacon mill restart will cost between C$5 million and C$6 million to complete all the necessary repairs and maintenance at the site. The company expects the mill will be in full production by early 2026.
Watch the full interview with LaFleur Minerals CEO Paul Ténière above.
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13h
NevGold
Investor Insight
With a sharp focus on discovery and resource growth, NevGold presents a compelling investment opportunity as an undervalued gold and critical metals explorer with projects in Nevada and Idaho—two of the world’s top mining jurisdictions.
Overview
NevGold (TSXV:NAU,OTCQX:NAUFF,FSE:5E50) is focused on discovering and growing a multi-million-ounce gold-equivalent resource base across Nevada and Idaho in the US. With a lean market capitalization of under C$50 million and a pipeline of highly prospective oxide and porphyry assets, the company is positioned for a significant valuation re-rate over the next 12 to 18 months as it executes on its resource growth and de-risking strategy.
The company is rapidly advancing toward its goal of defining a 5 Moz+ gold-equivalent resource base by Q4 2025, anchored by its flagship Limo Butte project – one of North America’s rare oxide gold-antimony systems – and its gold resource at Nutmeg Mountain, along with early-stage copper potential at Zeus.
The Limo Butte project is a high-grade oxide gold-antimony system in Nevada with strong analogues to Carlin-style mineralization and excellent near-surface drill results. Nutmeg Mountain in Idaho is an advanced-stage, heap-leach gold project with 1.3 Moz in defined resources and favorable metallurgy. Zeus, an early-stage copper project staked in 2023, provides blue-sky porphyry exploration potential in a district that has already attracted major interest, including a C$30 million investment by Barrick Gold in a neighboring property.
NevGold is actively executing on drill programs, metallurgical studies, and resource updates across all three projects, fully funded through its recent capital raise. The company is well positioned to benefit from rising gold and copper prices, increasing strategic demand for antimony, and a growing appetite among major mining companies for high-quality, undervalued juniors – all under the leadership of a proven team with deep expertise in mine development and M&A.
Company Highlights
- Multi-million-ounce Target: NevGold is on track to define 5+ Moz gold equivalent in combined resources at Limo Butte and Nutmeg Mountain by Q4 2025.
- Gold+Antimony Critical Metals Advantage: Limo Butte is emerging as a significant near-surface oxide gold-antimony system – one of only two of its kind in the United States.
- Substantial Resource Base: Nutmeg Mountain contains a 2023 NI 43-101 compliant oxide gold resource of 1.28 Moz (indicated + inferred), with strong exploration upside and favorable heap-leach characteristics.
- District-scale Copper Exposure: Zeus offers early-stage copper-gold-molybdenum potential in a highly active porphyry belt, adjacent to a Barrick-backed discovery.
- Strategic Location, Strategic Commodities: All projects are located in mining-friendly jurisdictions with excellent infrastructure, low geopolitical risk, and growing US demand for domestic gold and critical mineral supply.
- Fully Funded Growth: Recent C$6 million financing supports 2025 drill campaigns, metallurgical testwork, and updated NI 43-101 estimates across the portfolio.
- Tight Capital Structure & Strong Support: Backed by strategic shareholders including GoldMining and McEwen Mining.
- Significant Valuation Gap: Trading at a fraction of peers such as Perpetua Resources (~C$1.7 billion), despite similar resource and jurisdictional advantages.
Key Projects
Limo Butte Project
The Limo Butte Project is NevGold’s cornerstone development asset, located in eastern Nevada within a prolific Carlin-style geological setting. The project encompasses 1,724 hectares consisting of 210 unpatented claims, 12 patented claims and private land leases. Historically explored in the 2000s, a 2009 non-43-101-compliant resource estimate outlined 241 koz of gold in the measured and indicated category (0.78 g/t gold) and 51 koz in the inferred category (0.70 g/t gold).
In 2025, NevGold re-assayed approximately 50 legacy drillholes and completed more than 5,000 meters of new RC drilling across the Resurrection Ridge and Cadillac Valley zones, revealing a substantial near-surface gold-antimony mineralized footprint.
Notably, recent drill intercepts returned thick oxide intervals, including:
- 1.11 g/t gold and 0.30 percent antimony (2.46 g/t gold equivalent) over 86.9 m, including 1.83 g/t gold and 0.87 percent antimony (5.75 g/t gold equivalent) over 12.8 m
- 2.26 g/t gold and 0.32 percent antimony (3.69 g/t gold equivalent) over 22.3 m
- 1.20 g/t gold and 0.64 percent antimony (4.07 g/t gold equivalent) over 54.9 m
These results confirm strong grade continuity and a positive spatial correlation between gold and antimony mineralization. Importantly, historical assays had a detection limit of 1 percent antimony, meaning actual antimony content in several zones is likely underreported.
Mineralization begins within 20 meters of surface, supporting low-strip, open-pit mining scenarios.
Metallurgical test work is underway, evaluating flowsheet options for gold and antimony recovery. A conceptual flowsheet includes gravity concentration, flotation and leaching stages to produce marketable gold and antimony products, including potential for antimony metal recovery via roasting.
NevGold aims to complete a maiden NI 43-101 compliant gold-antimony resource estimate by Q4 2025, setting the foundation for future economic studies.
Nutmeg Mountain Project
Nutmeg Mountain is an advanced oxide gold project located 80 km northwest of Boise, Idaho. The project benefits from exceptional infrastructure, road access and proximity to water and power. NevGold’s 2023 NI 43-101-compliant mineral resource estimate defined 1.01 Moz of gold in the indicated category (51.7 Mt @ 0.61 g/t gold) and 275 koz inferred (17.9 Mt @ 0.48 g/t gold), using a 0.30 g/t cut-off.
Mineralization starts at surface and exhibits strong lateral and vertical continuity. The deposit is hosted in volcanic and sedimentary units, with mineralization controlled by both lithological and structural features. The pit-constrained resource has a strip ratio of less than 1:1, highlighting the project’s potential for low-cost, bulk tonnage heap leach development. Additional drilling has confirmed the presence of higher-grade core zones (1 to 2 g/t gold), as well as potential feeder structures below the 2023 pit shell.
Current work comprises approximately 2,500 meters of RC drilling, metallurgical test work and an updated MRE planned for late 2025. Exploration targets include untested lateral extensions and high-grade feeder structures at depth. Nutmeg Mountain compares favorably to peer heap-leach projects across the Western US in terms of grade and strip ratio. It offers near-term development optionality in a mining-friendly jurisdiction and is a key contributor to NevGold’s goal of surpassing 5 Moz in gold-equivalent resources.
Zeus Copper Project
Zeus is an early-stage copper-gold-molybdenum exploration asset located on the Hercules Copper Trend in western Idaho. The project spans 29 sq km and shares similar geologic features with Hercules Metals’ Hercules Project (TSXV:BIG), which received a C$30 million strategic investment from Barrick Gold in 2023.Zeus sits at the structural intersection of the Olds Ferry and Izee terranes, and hosts Triassic to Jurassic intrusives associated with porphyry-style mineralization. Geological mapping and surface sampling have revealed two priority targets:
- Poseidon: 2.4+ km copper-gold-molybdenum soil anomaly with coincident structural and rock chip indicators
- Thorn Springs: 1+ km copper-gold-molybdenum soil anomaly with interpreted intrusive-hosted alteration
Soil surveys were completed in early 2025, and geophysical work is ongoing to refine drill targeting. Initial drilling is anticipated by late 2025. With no prior modern exploration, Zeus offers blue-sky potential for a significant copper discovery in a highly prospective but underexplored belt. Zeus enhances NevGold’s exposure to critical minerals and provides optionality in the copper sector – particularly relevant given tightening global copper supply and increasing US strategic interest in domestic copper sources.
Management Team
Brandon Bonifacio – President, CEO and Director
Brandon Bonifacio is a mining executive with over a decade of experience in project development and M&A. Previously served as finance director of the Norte Abierto JV (Cerro Casale/Caspiche) for Goldcorp (now Newmont), and a senior member of Goldcorp’s Corporate Development group. He holds an MASc in mining engineering and MBA from the University of Nevada, Reno.
Greg French – VP Exploration and Director
Greg French is a professional geologist with over 35 years of exploration and development experience in the US and Canada. He has held leadership roles in Nevada Copper, Homestake and Atlas Precious Metals, and has guided multiple projects through feasibility and into production.
Bob McKnight – EVP, CFO and Corporate Development
Bob Knight is a professional engineer with an MBA and more than 40 years of mining experience. He was involved in over $1.5 billion in debt, equity and M&A deals. Knight brings strategic and financial depth to NevGold’s growth trajectory.
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16h
Ausgold Signs Earn-in Agreement for Critica's Kulin Gold Project
Critica (ASX:CRI,OTC Pink:VTMLF) and Ausgold (ASX:AUC,OTC Pink:AUSGF) said on Monday (June 23) that they have entered into a farm-in agreement for Critica's Kulin gold project in Western Australia.
Ausgold has the right to earn up to a 70 percent interest in Kulin over three years for a total of AU$610,000.
Critica will retain a 30 percent contributing interest in Kulin once the earn in is complete, alongside the right to convert to a 1.5 percent net smelter royalty when a decision to mine is made.
AU$250,000 will be paid by Ausgold within 18 months to earn a 51 percent stake, while the remaining AU$360,000 will be paid over the following 24 months to earn an additional 19 percent.
In addition to gold, Kulin reportedly holds nickel, copper and platinum-group metals.
The project is located approximately 230 kilometres east-southeast of Perth in Western Australia. It also sits approximately 75 kilometres northeast of Ausgold’s fully owned Katanning gold project.
In its own announcement about the news, Ausgold said the agreement with Critica represents a strategic step in expanding the company's regional footprint across the east of the Katanning greenstone belt.
“This new tenement complements our strong regional landholding surrounding our flagship Katanning Gold Project, which includes the Kulin Project as well as other advanced exploration prospects,” said Executive Chairman John Dorward, adding that the move also plays into the firm's regional production hub strategy.
For its part, Critica said the agreement forms part of its plan to hone its focus on is flagship Jupiter rare earths project, which is part of the broader Brothers project. A December 2024 maiden resource estimate for Jupiter outlines a global resource of 1.8 billion tonnes at 1,700 parts per million total rare earth oxide.
Ausgold will lodge the required program of work at Kulin in the first quarter of 2026. It will target high-priority gold-in-soil and trenching anomalies to unlock the project’s discovery potential.
Drilling at Kulin is planned to commence in the second to third quarter of 2026.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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18h
Lahontan Begins Metallurgical Test Work at Santa Fe
Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that the Company has commenced metallurgical test work on gold and silver mineralization from the transition metallurgical domain (mixed minor sulfide and oxide mineralization) in the Santa Fe deposit. Lahontan is focusing on dramatically improving CN leach gold recoveries for transition material from the 49% recovery utilized in the recent Preliminary Economic Assessment ("PEA") of the Santa Fe Mine project*, unlocking the full potential of transition domain mineralization. Similtaneously, the Company is evaluating methodologies to more accurately define the boundaries between the different metallurgical domains within the Santa Fe deposit. These steps have the potential to profoundly impact project economics and significantly expand the gold and silver production profile from that reported in the PEA. The metallurgical testing will include column leach tests; results are expected later this year.
Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented: "We are excited to begin this new program of metallurgical testing on the Santa Fe deposit. A significant portion of the minable gold ounces at Santa Fe lie in the transition metallurgical domain, therefore improved gold and silver recoveries will have an immediate and important impact on project economics. New heap leaching methods, including reagents, have shown dramatic increases in recoveries from transition material; we intend to find out if these new processing methods can work at Santa Fe. In addition, once assay results are received from the recent drilling at Slab, we will begin additional test work on the bulk rejects, looking for ways to optimize gold and silver recoveries at Slab as well".
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Lindholm was not an author for the Technical Report* and does not take responsibility for the resource calculation but can confirm that the grade and ounces in this press release are the same as those given in the Technical Report. For more information, please visit our website: www.lahontangoldcorp.com
* Please see the "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project", Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company's website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Executive Chair
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, and Executive Chair
Phone: 1-530-414-4400
Email: Kimberly.ann@lahontangoldcorp.com
Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange("TSXV") nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedarplus.com
Click here to connect with Lahontan Gold (TSXV:LG,OTCQB:LGCXF) to receive an Investor Presentation
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