Curated News
By: NewsRamp Editorial Staff
August 05, 2026

Lahontan Gold Expands Santa Fe with New High-Grade Drill Hits

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Original Source

TLDR

  • Lahontan Gold's new drill results reveal high-grade oxide mineralization and a new exploration target, signaling potential for increased resource estimates and competitive advantage.
  • Lahontan Gold reported drill hole CAL26-11R at Summit Fault yielded 13.7m at 1.10 g/t Au Eq, and CAL26-12R intersected 12.2m at 1.26 g/t Au Eq near resource pit shell.
  • Lahontan Gold's drilling at Santa Fe Mine project expands understanding of gold mineralization, contributing to responsible resource development and potential economic benefits for Nevada communities.
  • Lahontan Gold's new drilling uncovered gold in volcanic rocks along Summit Fault, a first, and Slab West remains open in multiple directions, hinting at untapped potential.

Impact - Why it Matters

These drilling results are significant for Lahontan Gold and its investors as they demonstrate the potential to expand the Santa Fe Mine's resource base beyond its current defined pits. The discovery of gold mineralization in Tertiary volcanic rocks along the Summit Fault and at Slab West opens up new exploration targets that could increase the project's overall gold equivalent ounces, potentially extending the mine's life and improving its economic outlook. For the broader mining industry, this highlights the continued exploration potential in the Walker Lane district of Nevada, a region known for its favorable mining environment. For investors, positive drill results can lead to an increase in the company's stock price and provide confidence in the company's growth strategy as it moves towards production.

Summary

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has announced promising drill results from its 2026 drilling program at the Santa Fe Mine Project in Nevada, revealing significant gold mineralization in new areas that could expand the project's resource base. The company reported that drill hole CAL26-11R intersected 13.7 meters grading 1.10 g/t gold equivalent (Au Eq) within Tertiary volcanic rocks along the Summit Fault, establishing a new exploration target. Additionally, hole CAL26-12R returned 12.2 meters grading 1.26 g/t Au Eq near the base of the current resource pit shell, indicating high-grade oxide mineralization at the Calvada East resource area. These results suggest the potential for extending the mine's life and enhancing its economic viability.

Furthermore, the company reported broad intervals of shallow oxide gold and silver mineralization at the Slab West exploration target, with drill holes CAL26-13R and CAL26-15R intersecting 35.1 meters grading 0.21 g/t Au Eq and 18.3 meters grading 0.22 g/t Au Eq, respectively. Management highlighted that Slab West remains open in multiple directions, and additional assay results from recently completed drill holes are expected shortly, underscoring the district's exploration potential beyond the current resource base. The company plans to continue advancing the Santa Fe Mine project towards production, update the Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company with four top-tier gold and silver properties in the Walker Lane of Nevada. The flagship Santa Fe Mine project has past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995, and currently hosts NI 43-101 compliant Indicated Mineral Resources of 1,539,000 oz Au Eq and Inferred resources of 411,000 oz Au Eq. The technical content has been reviewed by Michael Lindholm, CPG, a Qualified Person. For more details, visit the full press release at https://ibn.fm/UQWit or the company's website at www.lahontangoldcorp.com. This news has been disseminated by MiningNewsWire, a communications platform for the global mining sector.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Expands Santa Fe with New High-Grade Drill Hits

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