Lahontan Mobilizes Drill Rig to Santa Fe

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May 08, 2023

TORONTO, ON / ACCESSWIRE / May 8, 2023 / Lahontan Gold Corp. (TSXV:LG, Financial)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce that it has mobilized a Boart Longyear MPD-1500 track-mounted reverse-circulation ("RC") drill rig to its Flagship Santa Fe Mine, located in Nevada's Walker Lane, a Tier One mining jurisdiction. Drilling is expected to commence the week of May 8, 2023. The Company has permitted a drilling program consisting of up to 11,000 metres of RC drilling designed to expand upon the project's existing pit constrained gold and silver Resource (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), please see Santa Fe Project Technical Report*).