Maiden Drilling Program At The Satellite West Santa Fe Project

TORONTO – Lahontan Gold Corp. reported on the first assay results from the 2025 Maiden drilling program at the satellite West Santa Fe Project, located 13 km from Lahontan’s flagship Santa Fe Mine Project in Nevada’s prolific Walker Lane. The first assay results for the first of six reverse-circulation rotary (RC) drill holes (totaling 593 metres) completed at West Santa Fe are summarized below. Additional drill results are expected shortly.
WSF25-06R: 54.9 metres (24.4 – 79.3m) grading 1.00 g/t Au Eq including 16.8 metres (27.4 – 44.2m) grading 1.75 g/t Au Eq: A shallow, thick, intercept of oxide gold mineralization confirming gold and silver mineralization reported in historic drill holes. The intercepts are the down-hole depths. WSF25-06R was drilled at an inclination of -50 degrees, therefore the intercept begins at a depth from the surface of only 19 metres. West Santa Fe is a silver-rich system as shown below; individual silver intercepts range up to 176 g/t Ag (1.52m, 28.96 – 30.48m).
Kimberly Ann, Executive Chair, President, CEO, and Founder, said, “The first assay results from our Maiden RC drilling campaign at West Santa Fe are particularly encouraging as the intervals drilled correspond to gold and silver mineralized zones identified in historic drilling. Our data base contains information on 171 drill holes totaling over 13,000 metres, validating this data base for use in future Mineral Resource Estimates is an important step in advancing West Santa Fe. Its proximity to the Santa Fe Mine makes the project an important part of the Company’s strategy to grow gold and silver mineral resources that could potentially be exploited utilizing future mineral processing infrastructure at Santa Fe.”