Lahontan Plans Drilling to Test Historic Waste Rock at Santa Fe - A Potential Source of Additional Low Cost Gold Production - Investing News Network

AI desk brief

Lahontan Gold plans up to 100 reverse-circulation holes averaging 35 metres to test approximately 9 million tonnes of historic waste rock at its Santa Fe project in Nevada. Material discarded under a historical 0.55 g/t gold cut-off may contain recoverable gold and silver, but grades and heap-leach suitability remain to be established. Management says the PEA already schedules moving this material, so successful evaluation could add production and improve project economics. Any recovery would depend on drilling results, processing viability and project development; the release establishes no material near-term bullion effect.