Curated News
By: NewsRamp Editorial Staff
July 22, 2026

Lahontan Gold Hits High-Grade Intercept at Santa Fe, Targets 2027 Construction

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Original Source

TLDR

  • Lahontan Gold's high-grade intercept at Calvada boosts project value, positioning it for a potential 2027 mine construction start.
  • Hole CAL26-03C returned 30.8 meters grading 0.93 g/t Au Eq, including 10.7 meters at 2.18 g/t, through geotechnical diamond drilling.
  • Advancing the Santa Fe Mine project could revitalize Nevada's mining sector, creating jobs and supporting local communities.
  • The Santa Fe Mine historically produced 359,202 oz gold and 702,067 oz silver from open pits using heap-leach processing.

Impact - Why it Matters

This news matters because it demonstrates significant progress at Lahontan Gold's Santa Fe Mine project, with high-grade gold intercepts that could enhance the project's economics and accelerate its path to production. For investors, positive drill results can increase confidence in the mineral resource estimate and potentially boost share value. For the mining industry and local economy, advancement toward a 2027 construction start signals potential job creation and economic activity in Nevada. The update of the preliminary economic assessment and resource estimate is crucial for project financing and development decisions.

Summary

Lahontan Gold (TSXV: LG) (OTCQB: LGCXF) has reported promising new drill results from its Santa Fe Mine project in Nevada, reinforcing the path toward a potential mine construction start in 2027. The company announced that geotechnical diamond drill hole CAL26-03C at the Calvada deposit returned 30.8 meters grading 0.93 grams per tonne gold equivalent (Au Eq), including a high-grade interval of 10.7 meters grading 2.18 g/t Au Eq. This intercept is among the highest-grade results ever drilled within the Central Calvada deposit, boosting confidence in the project's viability. Additionally, reverse-circulation drilling at the southern end of the Slab open pit encountered near-surface oxide mineralization, with intervals such as 15.2 meters grading 0.40 g/t Au Eq and 9.1 meters grading 0.22 g/t Au Eq, helping delineate mineralization near the Calvada Fault. Lahontan Gold Corp. continues an extensive drilling program across the Santa Fe project, with further results expected from its RC and Sonic drilling campaigns, which are evaluating historic stockpiles and heap leach pads. These efforts are part of a broader strategy to update the mineral resource estimate, complete a preliminary economic assessment, and advance permitting activities.

Lahontan Gold Corp. is a Canadian mine developer and exploration company focused on top-tier gold and silver properties in Nevada's Walker Lane. Its flagship Santa Fe Mine project spans 26.4 km² and previously produced 359,202 ounces of gold and 702,067 ounces of silver from 1988 to 1995 via open-pit mining and heap-leach processing. The project boasts a NI 43-101 compliant 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 Resource of 411,000 oz Au Eq. The company aims to 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 Michael Lindholm, CPG, a Qualified Person under NI 43-101.

This news, disseminated via InvestorWire, a brand within the Dynamic Brand Portfolio @ IBN, highlights the ongoing progress at the Santa Fe Mine. For the full press release, visit https://ibn.fm/eIjZy. Investors can find the latest updates on LGCXF at http://ibn.fm/LGCXF.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Hits High-Grade Intercept at Santa Fe, Targets 2027 Construction

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