Curated News
By: NewsRamp Editorial Staff
February 03, 2026

Lahontan Gold Advances Santa Fe Mine with New Resource Study and Economic Assessment

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Original Source

TLDR

  • Lahontan Gold Corp. is updating its Santa Fe Mine Project Technical Report, potentially increasing resource estimates and economic viability for competitive investment opportunities.
  • Lahontan Gold Corp. has retained RESPEC Company LLC and Kappes, Cassiday & Associates to update the Mineral Resource Estimate and Preliminary Economic Assessment with new drilling data and revised metal prices.
  • Lahontan Gold Corp.'s updated Santa Fe Mine Project assessment could advance responsible mining development, contributing to sustainable resource extraction and economic growth in Nevada.
  • Lahontan Gold Corp.'s Santa Fe Mine previously produced over 359,000 ounces of gold, with new assessments incorporating drilling since October 2024 and updated metallurgical data.

Impact - Why it Matters

This news matters because it signals progress in the development of a significant gold and silver project in Nevada, which could impact the mining sector and investor portfolios. The Santa Fe Mine's historical production and current resources suggest substantial potential for future extraction, contributing to global gold supply. For investors, the updated Mineral Resource Estimate and Preliminary Economic Assessment provide critical data for evaluating the project's viability and Lahontan Gold's stock performance. In the broader context, advancements in mining projects like this support economic activity in resource-rich regions and can influence commodity markets, affecting everything from jewelry prices to industrial applications. As gold remains a key asset for hedging against inflation and economic uncertainty, developments in major projects are closely watched by stakeholders seeking opportunities in the precious metals market.

Summary

Lahontan Gold Corp., a Canadian mine development company trading as Lahontan Gold (TSXV: LG) (OTCQB: LGCXF), has taken a significant step toward advancing its flagship Santa Fe Mine project in Nevada by retaining two specialized firms. The company has engaged RESPEC Company LLC and Kappes, Cassiday & Associates to update the project's Technical Report, which will include a new Mineral Resource Estimate (MRE) and a Preliminary Economic Assessment (PEA). This updated MRE will incorporate all drilling completed since October 2024, along with new metallurgical data, mining costs, and revised gold and silver prices to design conceptual pit shells. The subsequent PEA will reflect these updated technical inputs and current metal prices, with the MRE expected in the coming months and the PEA anticipated in Q2 2026. For more details, investors can view the full press release.

The Santa Fe Mine project, spanning 26.4 km² in the Walker Lane region of Nevada, has a substantial history, with past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. Currently, it boasts a Canadian NI 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent. Lahontan Gold Corp. plans to continue advancing this project toward production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content has been reviewed by Qualified Person Michael Lindholm, CPG, and more information is available on the company's website.

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Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Advances Santa Fe Mine with New Resource Study and Economic Assessment

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