Continuation Of Sampling And Mapping At West Santa Fe

TORONTO – Lahontan Gold Corp reported on rock-chip sampling and geologic mapping at its 19.7 km2 West Santa Fe project. West Santa Fe is located only 13 km from Santa Fe Mine project in Nevada’s Walker Lane. New geologic mapping and sampling have identified high-grade gold and silver mineralization in area north of the historic Mindora shaft with individual samples containing up to 2.61 g/t gold and 899 g/t silver (14.60 g/t Au Eq). Samples range in value from 0.02 to 2.61 g/t gold and 0.7 to 899 g/t silver, and average 1.97 g/t Au Eq.

Recent geologic mapping and sampling at the West Santa Fe project, Mineral County, Nevada. Gold grades in g/t are overlain on Lahontan’s geologic map, with blue lines representing faults. The highest Au grade samples collected are beyond areas of intense historic drilling and expand Lahontan’s drill target area at West Santa Fe.

Eleven surficial rock chip samples were collected in an area proximal to the historic Mindora shaft area in order to further expand potential drill targets and better understand distribution of epithermal gold and silver mineralization at the surface. Previous drilling in this area defined a large oxide gold and silver system that remains open along strike and at depth. The highest grades, 2.61 g/t gold and 899 g/t silver in sample 503416, come from a gossan rich fault gouge where a major northeast striking high-angle fault intersects an older low-angle thrust fault. These intersections of multiple fault sets and the intersection of faults with fold axes are proving to be crucial controls on gold and silver mineralization at West Santa Fe.

Kimberly Ann, CEO, President, and Director, said, “The work by our geologic team at West Santa Fe has proven vital in understanding the controls to gold and silver mineralization at West Santa Fe. High grade gold and silver seem to be associated with fault intersections and provide excellent drill targets for expanding the footprint of this already very large hydrothermal system. We will use this data to design Lahontan’s Phase One drill program with the goal of defining a maiden Mineral Resource Estimate for West Santa Fe in 2024”.