Santa Fe Mine Project Drill Program In Planning Stages

TORONTO - Lahontan Gold Corp is planning a 3,000 metre drill program at its flagship Santa Fe Mine project in the Walker Lane of mining friendly Nevada. The program will consist of approximately 15 reverse-circulation drill holes in the Slab-Calvada and Santa Fe pit areas. Following last year's drill campaign totaling 3,700 metres of reverse-circulation drilling, the Company reviewed all drill data and determined that there were multiple clear targets to potentially expand mineral resources prior to completing the recently announced Preliminary Economic Assessment (PEA) for the project. This year's drilling will be integrated with the 2023 drill data and the combined near 7,000 metres of new drilling will be used to update the project's Mineral Resource Estimate (MRE) that forms the basis of the PEA.

Kimberly Ann, Founder, CEO, President, and Director commented: "The Company is excited to announce our 2024 drill program for Santa Fe. The areas being targeted have the potential to greatly expand the projects MRE and help support a robust PEA. We will be announcing the mobilization of the drill rig shortly. All the drill sites are on previously permitted locations and/or on patented lode mining claims.”