Lahontan Samples up to 14.60 G/T GOLD Eq at WEST Santa Fe
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE TSX.V LG, OTCQB LGCXF
LAHONTAN SAMPLES UP TO 14.60 G/T GOLD EQ AT WEST SANTA FE
Toronto, Ontario, February 20, 2024. Lahontan Gold Corp (TSXV:LG, OTCQB:LGCXF)
(the "Company" or "Lahontan"), is pleased to announce the results from rock -chip sampling and
geologic mapping at its 19.7 km2 West Santa Fe project (“West Santa Fe”). West Santa Fe is located only
13 km from the Company’s flagship Santa Fe Mine project in mining friendly 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, please see Table, Map and Photo below). 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. All samples shown in this image are collected
by Lahontan Gold, with an earlier sampling campaign reported in the press release dated July 20th, 2023.
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 (please see map above and photo below). 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, Lahontan Founder, CEO, President, and Director commented: “ The work by our geologic
team at West Santa Fe has proven vital in understanding the controls to gold and silver mineralization at
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
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 d rill program with the goal of defining a maiden Mineral
Resource Estimate for West Santa Fe in 2024”.
Sample ID Au (g/t) Ag (g/t) Au Eq (g/t) Description
503407 0.56 9.8 0.69 Silicified breccia
503408 0.71 22.0 1.00 Gossan fault gouge
503409 0.02 0.7 0.03 Gossan fault gouge
503410 0.62 36.9 1.11 Clay fault breccia
503411 0.36 85.1 1.49 Clay fault gouge
503412 0.73 35.1 1.20 Gossan fault gouge
503413 0.14 10.1 0.27 Gossan fault gouge
503414 0.11 2.0 0.14 Silicified breccia
503415 1.45 44.9 2.05 Fault gouge, vein quartz
503416 2.61 899.0 14.60 Silicified breccia, gossan
503417 0.12 8.1 0.23 Clay fault gouge
503418 0.45 24.9 0.78 Red jasperoid
Average: 0.66 98.2 1.97
Results from rock-chip sampling at the West Santa Fe Project. Au Eq equals (Au g/t) + ((Ag g/t)/75). Metallurgical recovery has not been
factored as insufficient test-work is available to determine potential Ag recoveries.
Gossanous silicified breccia localized where a major northeast striking high-angle fault intersects an older low-angle thrust fault.
Sample 503416, taken from historic workings at this location, grades 2.61 g/t gold, 899 g/t silver (14.60 g/t Au Eq).
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
Sampling protocols and QA/QC
Lahontan geologists collect grab samples based upon mappable geologic features. Samples are
approximately 1-2 kilograms in weight. After collection, the samples are sealed, labeled and stored in a
secure area prior to shipment to a certified assay laboratory. Analyses conducted include Au analysis using
30-gram fire assay with ICP finish, along with a 37 -element geochemistry analysis performed on each
sample utilizing two acid digestion ICP-AES method. Blanks and standards are inserted by the laboratory
approximately every 15 samples, and duplicate samples are created and analyzed approximately every 10
samples.
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds,
through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of
mining friendly Nevada. Lahontan’s flagship property, the 26.4 km2 Santa Fe Mine, had past production
of 345,000 ounces of gold and 711,000 ounces of silver between 1988 and 1995 from open pit mines
utilizing heap-leach processing (Nevada Bureau of Mines and Geology, 1995). The Santa Fe Mine has
Canadian National Instrument 43 -101 compliant Indicated Mineral Resource of 1,112,000 oz Au Eq
(grading 1.14 g/t Au Eq) and an Inferred Mineral Resource of 544,000 oz Au Eq (grading 1.00 g/t Au Eq),
all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report*). The
Company will continue to aggressively explore Santa Fe during 2023 and begin the process of evaluating
development scenarios to bring the Santa Fe Mine back into production. Anthony Gesualdo , CPG,
Consulting Geologist to Lahontan Gold Corp., is the Qualified Person for the Company and approved the
technical content of this news release. For more information, please visit our website:
www.lahontangoldcorp.com
* Please see the Santa Fe Project Technical Report, Authors: Trevor Rabb and Darcy Baker, P. Geos. Effective Date: December
7, 2022, Report Date: March 2, 2023. The Technical Report is available on the Company’s website and SEDAR.
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email:
Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact,
this news release contains certain "forward-looking information " within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or
"will" occur. Forward-looking statements are ba sed on the opinions and estimates at the date the statements are made
and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties
with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information,
including factors beyond the Company’s control. The Company undertakes no obligation to update forward -looking
information if circumstances or management's estimates or opinions should change except as required by law. The reader
is cautioned not to place undue reliance on forward -looking statements. Additional information identifying risks and
uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators,
which filings are available at www.sedar.com