Bullboard - Stock Discussion Forum Lahontan Gold Corp. LGCXF

Primary Symbol: V.LG

Metals & Mining Gold

Lahontan Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the identification, acquisition, evaluation and exploration of mineral properties in Nevada. It holds three gold and silver exploration projects in the Nevada’s prolific Walker Lane. Its projects include Santa Fe, Moho and Redlich. The flagship asset, the 100% owned 19 square kilometers (km2) Santa Fe... see more

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Lahontan Gold Corp. > Lahontan Signs Binding Term Sheet

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Post by Betteryear2 on May 15, 2023 11:33am

Lahontan Signs Binding Term Sheet

TORONTO, ON / ACCESSWIRE / May 15, 2023 / Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce that it has signed a binding term sheet (the "Term Sheet") with a wholly-owned subsidiary of Emergent Metals Corp (collectively "Emergent") to acquire the advanced West Santa Fe gold-silver exploration project ("West Santa Fe"; also known as Mindora), located only 15 km West of Lahontan's Flagship asset, the Santa Fe Mine, in Nevada's prolific Walker Lane. West Santa Fe hosts an oxidized gold-silver mineralized system in a geologic setting nearly identical to Santa Fe. Previous exploration drilling at West Santa Fe totals over 13,000 metres in 171 drill holes; only five holes are deeper than 165 metres. Modeling of drill hole data by Lahontan geologists outlines a shallow gold and silver system with a sufficient volume to host 0.5 to 1.0M ounces of oxidized gold and silver mineralization in an open-pit mining configuration[1].

Lahontan Signs Binding Term Sheet to Acquire Strategic Advanced Gold-Silver Project Adjacent to Santa Fe (accesswire.com)

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