Lahontan Gold Corp. Receives BLM Approval for Expanded Drilling at Santa Fe Mine Project
TL;DR
Lahontan Gold Corp secures BLM approval to expand drilling at Santa Fe Mine, offering investors a strategic advantage in accessing untapped gold and silver resources.
The approved amendment allows Lahontan Gold Corp to conduct new drill tests on federal claims, targeting extensions in the Slab and York zones for resource assessment.
Expanding exploration at Santa Fe Mine could lead to sustainable mining practices, contributing to local economies and advancing responsible resource development in Nevada.
Lahontan Gold Corp's drilling expansion at Santa Fe Mine unveils potential for significant gold and silver discoveries, marking an exciting phase in mineral exploration.
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Lahontan Gold Corp. has reached a critical juncture with the U.S. Bureau of Land Management granting approval for expanded drilling operations at its flagship Santa Fe Mine project. This authorization enables the company to explore new drill sites on unpatented federal claims within Nevada's mineral-rich Walker Lane trend, specifically targeting extensions of established gold and silver resources in the Slab and York zones. The project spans 26.4 km2 and has a documented production history of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995.
The Santa Fe Mine project currently holds a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, positioning it as a substantial asset for Lahontan Gold Corp. Phase One drilling is currently in progress, with assay results from multiple completed holes expected to be released in the coming weeks. This expansion represents more than corporate progress for Lahontan Gold Corp., highlighting the mining sector's capacity for significant economic contributions within Nevada.
The Walker Lane trend's reputation for mineral abundance is well-established, and the advancement of the Santa Fe Mine project could further cement Nevada's status as a premier mining jurisdiction. The BLM's approval demonstrates a cooperative approach to mineral resource exploration and development that seeks to balance economic advantages with environmental responsibility. As Lahontan Gold Corp. proceeds with its expanded exploration activities, industry observers are monitoring developments closely.
The results from the enhanced drilling program could have extensive implications for the company, the broader mining industry, and communities near the Santa Fe Mine project. With gold and silver prices maintaining strength, successful resource expansion at Santa Fe could initiate a new era in Nevada's mining legacy, potentially unlocking additional mineral wealth while supporting regional economic stability through responsible development practices.
Curated from InvestorBrandNetwork (IBN)
