Curated News
By: NewsRamp Editorial Staff
September 01, 2026

Lahontan Gold Hits High Grades in Historic Stockpile at Santa Fe Mine

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Original Source

TLDR

  • Lahontan Gold's 2026 drill results reveal 1.96 g/t Au Eq in stockpiles, offering low-cost reprocessing potential to boost margins.
  • Lahontan Gold's Sonic drilling at Santa Fe intersected 1.96 g/t Au Eq in nine holes, with CN extraction at 43% of fire assay, indicating heap leach amenability.
  • Lahontan Gold's reprocessing plan could reduce environmental impact by reusing mined material, promoting sustainable mining practices.
  • Did you know Lahontan Gold's Santa Fe Mine historically produced 359,202 oz gold and 702,067 oz silver from 1988-1995 using heap leaching.

Impact - Why it Matters

This news matters because it highlights the potential for low-cost gold and silver production from reprocessing historic stockpiles, which could significantly improve the economics of the Santa Fe Mine project. For investors, this indicates a potential near-term production pathway with reduced capital expenditure and environmental footprint, making the project more attractive. Additionally, the positive results validate Lahontan's exploration strategy and could lead to an updated resource estimate, impacting the company's valuation. For the mining industry, it demonstrates the value of re-evaluating waste materials as a sustainable source of metals.

Summary

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has released promising results from its 2026 Sonic core drilling program at the Santa Fe Mine Project in Nevada. The company reported that nine drill holes in a historic low-grade stockpile averaged 1.96 g/t gold equivalent, including 1.64 g/t gold and 36.2 g/t silver. This stockpile, located adjacent to Heap Leach Pad Two, contains previously mined material that could potentially be reprocessed at a lower cost than mining fresh rock. Crucially, CN-extractable gold assays averaged 43% of fire assay values, suggesting the material is amenable to conventional heap leach processing, which could significantly enhance the project's economics.

The company is a Canadian mine development and exploration firm holding four top-tier gold and silver properties in the Walker Lane of Nevada. Its flagship Santa Fe Mine project boasts past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995, and has a NI 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq. Lahontan plans to advance the project towards production, update its Preliminary Economic Assessment, and drill test the satellite West Santa Fe project in 2025. The company's technical disclosure has been reviewed by Michael Lindholm, CPG, a Qualified Person.

The full press release is available at https://ibn.fm/F7hVP. For more information about Lahontan Gold Corp., visit www.lahontangoldcorp.com. The latest updates on LGCXF can be found at http://ibn.fm/LGCXF. This news was disseminated by Rocks & Stocks, a platform within the Dynamic Brand Portfolio @ IBN, which offers corporate communications solutions for mining companies.

Source Statement

This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Hits High Grades in Historic Stockpile at Santa Fe Mine

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