Lahontan Gold Corp. has commenced its 2025 drilling program at the Santa Fe Mine project, positioning the company to potentially expand its existing gold and silver resources in Nevada's Walker Lane region. The initial phase of the drilling initiative will focus on the Slab target area, beginning on patented claims and preparing to expand onto Bureau of Land Management (BLM) administered land pending regulatory approval.
The drilling program represents a critical step in Lahontan's strategy to develop its mining assets. With the Santa Fe Mine's historical production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995, the project holds significant potential for resource expansion. Current mineral resource estimates indicate an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent.
Geologists and mining experts will collect additional sample material during this phase, with a primary objective of conducting comprehensive metallurgical testing. The samples will help refine understanding of the site's mineral composition and potential extraction methodologies. Initial assay results are anticipated within four to six weeks, which could provide crucial insights into the project's economic viability.
The strategic importance of this drilling program extends beyond immediate resource assessment. By systematically exploring the Slab and York targets, Lahontan Gold is working to update its Preliminary Economic Assessment and advance the Santa Fe Mine project toward potential production. This approach demonstrates a methodical approach to mineral exploration, balancing technical investigation with economic considerations.
Investors and industry observers will likely monitor the upcoming assay results, as they could signal the project's potential for future development and the company's ability to expand its mineral resources in a mining-friendly jurisdiction like Nevada. The program underscores Lahontan Gold's commitment to systematic exploration and resource development in the Walker Lane region.
