Lahontan Gold Resumes Exploration Drilling at Santa Fe

Lahontan Gold Corp. (TSX.V:LG)(OTCQB:LGCXF) (the " Company " or "Lahontan" ) is pleased to announce that it has resumed exploration drilling at the Company's 19 km 2 Santa Fe Project in Nevada's Walker Lane. The Company's Phase Two drilling campaign will initially focus on expanding the footprint of oxide gold and silver mineralization adjacent to the Slab pit and Calvada fault target areas. Approximately 18 reverse-circulation ("RC") rotary drill holes totaling 3,700 metres are planned, targeting areas adjacent to and down-dip from Lahontan's previous successful core drilling campaign completed in 2021. Additional drilling at other target areas at Santa Fe is also in the planning stages

Kimberly Ann, CEO, President, Director, and Founder of Lahontan Gold Corp commented: "The Company is excited to resume drilling at Santa Fe. The RC drill holes planned for the Slab and Calvada targets are vital to the completion of our maiden mineral resource estimate planned for later this year. These drill holes have the potential to greatly expand the shallow oxide resources as we continue to develop the Santa Fe story: Shallow, potentially heap-leachable, oxide mineralization coupled with very high-grade deeper gold and silver mineralization along feeder structures. This dual path exploration strategy has the ability to generate significant new large-scale gold and silver resources at Santa Fe."

About Lahontan Gold Corp:

Lahontan Gold Corp. is a Canadian mineral exploration company that holds, through its US subsidiaries, three top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 19 km² Santa Fe Project, is a past producing gold and silver mine with excellent potential to host significant gold and silver resources (past production of 375,000 ounces of gold and 710,000 ounces of silver between 1988 and 1992; Nevada Bureau of Mines and Geology, 1996). Modeling of over 110,000 metres of historic drilling, geologic mapping, and geochemical sampling outline both shallow, oxidized gold and silve rmineralization as well as deeper high grade potential resources. The Company is continuing its aggressive drilling program with the goal of publishing a National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate in 2022. For more information, please visit our website: www.lahontangoldcorp.com

All scientific and technical information in this press release has been reviewed and approved by Quentin J. Browne, P.Geo., Consulting Geologist to Lahontan Gold Corp., who is a qualified person under the definitions established by National Instrument 43-101.

On behalf of the Board of Directors
Kimberly Ann
Founder, Chief Executive Officer, President, and Director

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director

Phone: 1-530-414-4400
Email: Kimberly.ann@lahontangoldcorp.com
Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange 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 historic 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.sedar.com

SOURCE:Lahontan Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/709888/Lahontan-Gold-Resumes-Exploration-Drilling-at-Santa-Fe

News Provided by ACCESSWIRE via QuoteMedia

Lahontan Gold Corp.TSXV:LG Precious Metals Investing

LG:CA

Lahontan Drills More Gold at Slab: 32.0m Grading 0.65 gpt AuEq

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce results from an additional five reverse-circulation rotary ("RC") drill holes from the Company's Phase Two drilling campaign exploring the Slab pit area of the Company's 19 km2 Santa Fe Project in Nevada's Walker Lane. The five drill holes, totaling 1,111 metres, are the final drill holes of the Company's Phase Two drilling campaign. The drill holes targeted down-dip extensions of oxidized gold and silver mineralization east and northeast of the Slab pit. Past mining and historic drilling had outlined significant potential oxide and transition domain resources east of the Slab pit that remained open down dip from the pit. Highlights include

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Lahontan Drills More Oxide Gold at Slab: 32.0m Grading 0.61 GPT AuEq

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce results from an additional four reverse-circulation rotary ("RC") drill holes from the Company's Phase Two drilling campaign exploring the Slab pit area of the Company's 19 km2 Santa Fe Project in Nevada's Walker Lane. The four drill holes, totaling 883 metres, targeted down-dip extensions of oxidized gold and silver mineralization east and northeast of the Slab pit. Past mining and historic drilling had outlined significant potential oxide and transition domain resources east of the Slab pit that remained open down dip from the pit. Highlights include

32.0 metres grading 0.50 gpt Au and 7.9 gpt Ag (0.60 gpt Au Eq) of oxide and transition metallurgical domain mineralization in drill hole CAL22-010R including 10.7 metres grading 0.93 gpt Au and 18.7 gpt Ag (1.18 gpt Au Eq). This drill hole, coupled with earlier Lahontan drill results, confirms a major easternly extension of previously mined gold and silver mineralization seen in the Slab pit, extending mineralization at least 350 metres down dip at shallow levels (please see cross section, location map, and table below).

Lahontan Gold Corp., Friday, November 11, 2022, Press release picture

West-East (left to right, please see map below) cross section through drill holes CAL21-005C, CAL22-001R, and new drill hole CAL22-010R east of the Slab pit, Santa Fe Project, Mineral County, Nevada. The interpreted 0.2 gpt Au grade shell greatly expands oxide and transition domain gold mineralization east of the Slab pit and confirms the potential for additional shallow gold and silver mineralization east of the Slab pit.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Lahontan Gold Issued Shares in Connection with Amendment to Moho Option Agreement

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (formerly, 1246765 B.C. Ltd.) (the "Company") is pleased to announce that, further to its press release of November 1, 2022, the Company has: (i) made a payment to Minquest Ltd. ("Minquest") in the amount of US$129,875 in cash or immediately available funds; and (ii) issued Minquest 800,000 common shares (the "Common Shares") in the capital of the Company at a deemed value of US$0.08 per Common Share pursuant to the second amendment to the lease option to purchase agreement (the "Second Amending Agreement") dated October 3, 2022 with Minquest and Lahontan Gold (US) Corp. ("Subco") amending the terms of the mining lease option to purchase agreement dated August 30, 2017 as amended August 25, 2020 between Minquest and Pyramid Gold (US) Corp. ("Pyramid Gold"), as assigned from Pyramid Gold to the Company on July 30, 2020 pursuant to the assignment and assumption agreement between Pyramid Gold and the Company (collectively, the "Agreement"). Pursuant to the Agreement, the Company has the option (the "Option") to purchase fifty (50) unpatented lode mining claims in Mineral County, Nevada (the "Moho Property"). The Second Amending Agreement amends the term of the Agreement to March 31, 2023.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Lahontan Gold Announces Amendment to Moho Option Agreement

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (formerly, 1246765 B.C. Ltd.) (the "Company") is pleased to announce that on October 3, 2022, it entered into a second amendment to the lease option to purchase agreement (the "Second Amending Agreement") with Minquest Ltd. ("Minquest") and Lahontan Gold (US) Corp. ("Subco") amending the terms of the mining lease option to purchase agreement dated August 30, 2017 as amended August 25, 2020 between Minquest and Pyramid Gold (US) Corp. ("Pyramid Gold"), as assigned from Pyramid Gold to the Company on July 30, 2020 pursuant to the assignment and assumption agreement between Pyramid Gold and the Company (collectively, the "Agreement"). Pursuant to the Agreement, the Company has the option (the "Option") to purchase fifty (50) unpatented lode mining claims in Mineral County, Nevada (the "Moho Property"). The Second Amending Agreement amends the term of the Agreement to March 31, 2023.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Lahontan Drills More Shallow Gold at Slab-Calvada: 25.9m Grading 2.55 gpt Au

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce results from the first seven reverse-circulation rotary ("RC") drill holes of the Company's Phase Two drilling campaign exploring the Slab-Calvada pit area of the Company's 19 km2 Santa Fe Project in Nevada's Walker Lane. The seven drill holes, totaling 1,710 metres, targeted down-dip extensions of oxidized gold and silver mineralization along the Calvada fault and northerly step-out drilling from the Slab pit. Historic drilling in both areas had outlined significant potential oxide and transition domain resources. Highlights include

25.9 metres grading 2.55 gpt Au and 3.4 gpt Ag (2.60 gpt Au Eq) of oxide and transition metallurgical domain mineralization in drill hole CAL22-006R. This is the farthest north step-out drill hole from the Slab pit, with gold mineralization starting at a depth of only 68.6 metres down-hole (please see map and table below).
47.2 metres grading 0.78 gpt Au and 1.3 gpt Ag (0.80 gpt Au Eq) in drill hole CAL22-002R including 32.0 metres grading 1.04 gpt Au and 1.4 gpt Ag (1.06 gpt Au Eq) of oxidized mineralization down-dip along the Calvada fault, further expanding the envelope of oxide gold mineralization along this important structure (please see map, cross section, and table below).

Kimberly Ann, CEO, President, Director, and Founder of Lahontan Gold Corp commented: "The Company is excited about these first results from our 2022 Phase Two drilling campaign. The results from drilling the northern extension of the Slab pit confirm that gold mineralization remains wide open in this direction with excellent grades. The Calvada fault drilling continues to impress, with thick intervals of oxide gold mineralization extending at depth along this district-scale structure. Drilling continues and Lahontan will integrate these results into our upcoming maiden resource estimate for the entire Santa Fe Project".

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Silver North Announces Closing of Second Tranche of Private Placement

(TheNewswire)

Vancouver, BC, June 28, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to announce that it has closed the second tranche (the " Second Tranche ") of its non-brokered private placement (the " Offering ") for gross proceeds of $175,880. Further to the Company's news release dated June 21, 2024, the Company has raised aggregate gross proceeds of $738,380 in the Offering.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Results of the Annual General and Special Meeting

Freegold Ventures Limited (TSX: FVL) (Frankfurt: FR4N) ("Freegold", the Company) today announced that all matters set out in the Management Information Circular dated May 14, 2024 for the 2024 Annual General and Special Meeting of Shareholders held on June 28, 2024 (the "Meeting") were approved by the shareholders holding 101,433,810 shares were voted representing approximately ~ 22.71% of the outstanding shares of the Company.

The following nine nominees were elected as directors of Freegold. The detailed results of the vote for the election of directors are set out below:

Nominee	# of Votes For	% of Votes For	# of Votes Withheld	% of Votes Withheld
Ron Ewing	100,880,186	99.45	553,625	0.55
Kristina Walcott	98,974,508	97.58	2,459,303	2.42
Alvin Jackson	99,068,535	97.67	2,365,276	2.33
David Knight	84,204,358	83.01	17,229,453	16.99
Garnet Dawson	99,597,686	98.19	1,836,125	1.81
Glen Dickson	84,989,006	83.79	16,444,805	16.21
Reagan Glazier	76,043,127	74.97	25,390,684	25.03
Maurice Tagami	99,862,881	98.45	1,570,930	1.55
Vivienne Artz	100,633,536	99.21	800,275	0.79

The Company's shareholders approved the appointment of Davidson & Company LLP, Chartered Professional Accountants, as the company's auditors, as set forth in the management information circular.

The Company's shareholders approved all unallocated stock options, rights or entitlements under the Company's stock option plan.

Each of the matters voted upon at the Meeting is discussed in detail in the Company's Information Circular dated May 14, 2024 , which is filed under the Company's profile at www.sedarplus.com .

Drilling remains ongoing at Golden Summit. Ten holes have been completed to date, and two are currently in progress. Assays will be reported once they are received. The updated resource calculation incorporating the results of the 2023 drilling is expected to be reported in the coming weeks.

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs. See Freegold's Annual Information Form for the year ended December 31st, 2023 filed under Freegold's profile at www.sedar.com for a detailed discussion of the risk factors associated with Freegold's operations.

SOURCE Freegold Ventures Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2024/28/c4142.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Zodiac Gold Completes Pre-Drilling Satellite Data Interpretation at the Alasala Target on the Todi Gold Project

Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, is pleased to announce that it has completed a satellite data interpretation study (the "Study") covering the Alasala target of the Company's Todi Gold Project, which builds on the regional interpretation completed by A.C.A Howe International Limited ("ACA Howe") in 2021. The Study focused on a 72 km2 area including the 2 km long mineralized trend from Mandingo Hill to Lion Hill (see Map 1 below), delineated by soil sampling, trenching, channel sampling, auger drilling, and extensive artisanal workings with visible gold.

Management Commentary

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Zodiac Gold Announces Upsizing of Private Placement

Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, is pleased to announce that it has increased the size of its previously announced offering of units of the Company (the "Units") on a non-brokered private placement basis. The Company now expects to complete the Offering for aggregate proceeds of up to C$1.2 million (the "Offering"), a 20% increase from the original target of up to C$1.0 million.

The Company completed an initial closing of the Offering for gross proceeds of approximately C$302,000 on May 23, 2024 and expects to complete a second closing in the coming days, with additional closings to follow as necessary. Completion of additional closings remains subject to the receipt of all necessary TSXV approvals.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Silver North Announces Closing of First Tranche of Private Placement

(TheNewswire)

Vancouver, BC, June 21, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to announce that further to its news release dated June 5, 2024, it has closed the first tranche (the " First Tranche ") of its non-brokered private placement (the " Offering ") for gross proceeds of $562,500.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Alma Gold Announces Private Placement

Alma Gold Inc. (CSE: ALMA) ("Alma Gold" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of up to 6,000,000 units ("Units") to be issued at a price of $0.05 per Unit for gross proceeds up to $300,000 (the "Private Placement"). Each Unit will be comprised of one common share (each a "Share") and one transferable common share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share at a price of $0.08 for a period of three (3) years from issuance.

Proceeds received from the Private Placement will be used for general working capital purposes and to settle certain debts of the Company.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Drill Hole	Total Depth (m)	From (m)	To (m)	Interval (m)	Au (gpt)	Ag (gpt)	Au Eq (gpt)	Metallurgical Domain
CAL22-012R	249.9	53.3	59.4	6.1	0.25	0.9	0.26	Oxide
	and:	70.1	89.9	19.8	0.20	1.8	0.22	Oxide
CAL22-013R	249.9	33.5	44.2	10.7	0.20	8.9	0.32	Oxide
CAL22-014R	198.2	4.6	13.7	9.1	0.39	1.4	0.41	Oxide
	and:	91.4	102.1	10.7	0.22	0.5	0.23	Oxide
CAL22-015R	199.6	21.3	83.8	62.5	0.33	2.6	0.36	Oxide
	including:	50.3	56.4	6.1	1.04	1.4	1.06	Oxide
CAL22-016R	213.4	140.2	172.2	32.0	0.59	4.4	0.65	Oxide and Transition
	including:	140.2	146.3	6.1	1.18	14.4	1.37	Oxide and Transition
	and:	199.6	208.8	9.2	0.14	20.6	0.41	Oxide and Transition

Drill Hole	Total Depth (m)	From (m)	To (m)	Interval (m)	Au (gpt)	Ag (gpt)	Au Eq (gpt)	Metallurgical Domain
CAL22-008R	213.4	47.2	61.0	13.7	0.43	1.9	0.46	Oxide & Transition
	and:	158.5	172.2	13.7	0.42	3.1	0.46	Oxide
CAL22-009R	213.4	74.7	89.9	15.2	0.26	1.6	0.28	Oxide & Transition
	including:	74.7	82.3	7.6	0.43	3.1	0.47	Oxide & Transition
CAL22-010R	228.6	77.7	109.7	32.0	0.50	7.9	0.61	Oxide & Transition
	including:	77.7	88.4	10.7	0.93	18.7	1.18	Transition
CAL22-011R	228.6	32.0	36.6	4.6	0.23	2.4	0.26	Oxide
	and:	50.3	54.9	4.6	0.27	1.4	0.29	Oxide

Drill Hole	Total Depth (m)	From (m)	To (m)	Interval (m)	Au (gpt)	Ag (gpt)	Au Eq (gpt)	Metallurgical Domain
CAL22-001R	243.8	105.2	115.8	10.6	0.42	7.4	0.52	Oxide
CAL22-002R	274.3	170.7	217.9	47.2	0.78	1.3	0.80	Oxide
	including:	175.3	207.3	32.0	1.04	1.4	1.06	Oxide
CAL22-003R	228.6	102.1	125.0	22.9	0.41	1.4	0.43	Oxide
CAL22-004R	249.9	No Significant Intercepts
CAL22-005R	249.9	86.9	131.1	44.2	0.30	4.0	0.35	Oxide
	including:	112.8	125.0	12.2	0.52	1.3	0.54	Oxide
CAL22-006R	204.2	68.6	94.5	25.9	2.55	3.4	2.60	Oxide/Transition
	including:	77.7	88.4	10.7	4.13	3.3	4.17	Oxide/Transition
	and:	175.3	181.4	6.1	0.68	3.2	0.72	Oxide/Transition
CAL22-007R	259.1	91.4	111.3	19.8	0.41	1.6	0.43	Transition
	and:	146.3	161.5	15.2	0.72	0.9	0.73	Oxide

Lahontan Gold Resumes Exploration Drilling at Santa Fe

Latest News

Latest Press Releases

Related News

TOP STOCKS