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Lahontan Gold Expands Santa Fe with New High-Grade Drill Hits

Lahontan Gold reports new drill results at Santa Fe Mine, including high-grade oxide mineralization at Calvada East and Slab West, expanding exploration targets.

These drilling results are significant for Lahontan Gold and its investors as they demonstrate the potential to expand the Santa Fe Mine's resource base beyond its current defined pits. The discovery of gold mineralization in Tertiary volcanic rocks along the Summit Fault and at Slab West opens up new exploration targets that could increase the project's overall gold equivalent ounces, potentially extending the mine's life and improving its economic outlook. For the broader mining industry, this highlights the continued exploration potential in the Walker Lane district of Nevada, a region known for its favorable mining environment. For investors, positive drill results can lead to an increase in the company's stock price and provide confidence in the company's growth strategy as it moves towards production.