Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has reported additional results from its 2026 drilling program at the Santa Fe Mine project in Nevada, with a geotechnical diamond drill hole at the Calvada deposit returning high-grade oxide gold mineralization. The intercept, from hole CAL26-03C, returned 30.8 meters grading 0.93 grams per tonne gold equivalent (Au Eq), including a higher-grade interval of 10.7 meters grading 2.18 g/t Au Eq. The company stated that this intercept ranks among the highest-grade results drilled to date within the Central Calvada deposit, bolstering confidence in advancing the project toward a targeted mine construction start in 2027.
Additional reverse-circulation drilling at the southern end of the Slab open pit encountered near-surface oxide mineralization, including 15.2 meters grading 0.40 g/t Au Eq and 9.1 meters grading 0.22 g/t Au Eq. These results help define mineralization near the Calvada Fault. Lahontan noted that drilling continues across the Santa Fe project, with further results expected from its RC program and Sonic drilling campaign, which is evaluating historic stockpiles and heap leach pads as part of broader efforts to update the project’s mineral resource estimate, complete a preliminary economic assessment, and advance permitting activities.
The Santa Fe Mine project, Lahontan’s flagship asset, spans 26.4 square kilometers in the Walker Lane of Nevada. The project had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. According to a Canadian National Instrument 43-101 compliant technical report, the Santa Fe Mine has an Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag), all pit constrained.
The company plans to continue advancing the Santa Fe Mine project toward production, update the preliminary economic assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of this news release has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.
For more information, visit the company’s website at www.lahontangoldcorp.com. The full press release is available at https://ibn.fm/eIjZy.
