on Lahontan Gold Corp. (CVE:LG)
Lahontan Gold Corp Receives Approval for West Santa Fe Drilling Program
Lahontan Gold Corp has announced approval from the Federal Bureau of Land Management (BLM) for its initial drill program at the West Santa Fe project in Nevada. The project, situated 13 km from Lahontan's main Santa Fe Mine, aims to validate historic drilling results and explore extensions of gold and silver mineralization. The commencement of drilling is slated for December.
CEO Kimberly Ann expressed satisfaction with the approval, highlighting the potential of the oxidized gold and silver system identified in previous drilling. Concurrently, Lahontan has granted 9,000,000 options to purchase common shares at $0.15 per share to its directors, officers, and consultants. The options have a five-year term with a four-month holding period.
R. P.
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