Curated News
By: NewsRamp Editorial Staff
November 10, 2025

Lahontan Gold Launches Major Drill Program at Nevada Santa Fe Mine

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TLDR

  • Lahontan Gold's drilling program aims to upgrade resources, potentially increasing asset value and positioning the company for mine planning and future production.
  • Lahontan Gold is using a track-mounted reverse-circulation drill rig to complete 25 holes totaling 4,000 meters to upgrade inferred resources to indicated category.
  • This drilling campaign advances responsible mineral development in Nevada, potentially creating future jobs and contributing to sustainable resource extraction practices.
  • Lahontan Gold is drilling at its historic Santa Fe Mine, which previously produced over 359,000 ounces of gold using heap-leach processing methods.

Impact - Why it Matters

This drilling campaign represents a critical transition from exploration to development phase for Lahontan Gold, potentially unlocking significant shareholder value as the company moves toward mine planning and permitting. For investors in the junior mining sector, successful resource upgrades could substantially increase the project's valuation and attract larger mining partners or acquisition interest. The timing is particularly relevant given current gold price strength and growing demand for precious metals as inflation hedges. Nevada's established mining jurisdiction reduces regulatory risks, while the Santa Fe Mine's historical production demonstrates the property's proven mineral potential, making this development phase crucial for determining the project's economic viability and future production timeline.

Summary

Lahontan Gold Corp. has mobilized a track-mounted reverse-circulation drill rig to its flagship Santa Fe Mine project in Nevada's Walker Lane district, marking a significant advancement in the company's exploration program. The MPD-1500 rig and crew will complete up to 25 drill holes totaling 4,000 meters, with a strategic focus on upgrading gold and silver resources from the Inferred to Indicated category while expanding overall resources at the Slab and York areas. Executive Chair, Founder, and CEO Kimberly Ann emphasized that this drilling campaign is "vital as the Company pivots from resource definition to mine planning and permitting in 2026," highlighting the project's progression toward production. Vice President of Exploration Brian Maher is overseeing the drill campaign, ensuring professional execution of this critical phase in the company's development timeline.

The Santa Fe Mine project represents a substantial mineral asset for Lahontan Gold Corp., with 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. The property currently boasts a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained. The company plans to continue advancing the Santa Fe Mine project towards production while updating the Santa Fe Preliminary Economic Assessment and drilling its satellite West Santa Fe project during 2025. For comprehensive details, investors can view the full press release through the InvestorBrandNetwork platform, which provides extensive distribution services through its Dynamic Brand Portfolio including Rocks & Stocks, one of 70+ specialized communications brands delivering mining industry insights.

Lahontan Gold Corp. maintains a strong technical foundation with Michael Lindholm, CPG, Independent Consulting Geologist, reviewing and approving the technical content of news releases and company disclosures as a Qualified Person under National Instrument 43-101 standards. The company's strategic positioning in mining-friendly Nevada, combined with its four top-tier gold and silver exploration properties in the Walker Lane district, positions it for significant growth potential. Investors seeking the latest updates can access the company's newsroom through the InvestorBrandNetwork platform, which offers enhanced press release distribution, social media outreach, and comprehensive corporate communications solutions to maximize market impact and investor awareness across multiple channels.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Launches Major Drill Program at Nevada Santa Fe Mine

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