Lahontan Gold (TSX-V:LG) has mobilised a track-mounted reverse circulation drill rig to its flagship Santa Fe Mine Project in Nevada’s Walker Lane, supplementing existing diamond drilling operations.
The MPD-1500 RC rig will focus on under-explored areas of the project, with approval secured to drill more than 700 new holes as the company advances toward planned production restart in 2027.
CEO Kimberly Ann says the company can now explore areas previously overlooked by past operators.
“We are very proud of the progress the company has made toward a restart of mining at Santa Fe in 2027; however, the resumption of true exploration drilling is yet another exciting chapter in the evolution of the Santa Fe Mine Project,” Ann says.
The Santa Fe project spans 28.3km² and historically produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 via open-pit heap leach operations.
The project hosts an indicated mineral resource of 1.54 million ounces gold equivalent at 0.99 grams per tonne and an inferred resource of 411,000 ounces at 0.76g/t, both pit-constrained.
Lahontan plans to update Santa Fe’s preliminary economic assessment and drill test its satellite West Santa Fe Project during 2025.
Edited by Adam Orlando
Write to info@mining.com.au at Mining.com.au
Images: Lahontan Gold
