Curated News
By: NewsRamp Editorial Staff
June 30, 2026

Lahontan Gold on Track for 2027 Construction at Santa Fe Mine

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Original Source

TLDR

  • Lahontan Gold's Santa Fe project targets construction in 2027 with updated resources, offering early investors a potential advantage in Nevada gold production.
  • Lahontan Gold advances Santa Fe mine by completing 87 drill holes, updating resource estimates, and progressing permitting with groundwater studies and waste rock characterization.
  • Lahontan Gold aims to sustainably develop the Santa Fe mine, potentially creating jobs and economic growth in Nevada while reprocessing historic heap leach pads.
  • Lahontan Gold discovered the Slab West gold zone open in all directions, suggesting significant untapped potential at the Santa Fe project.

Impact - Why it Matters

This news matters because Lahontan Gold's progress at the Santa Fe Mine project signals potential new gold and silver production in Nevada, a top mining jurisdiction. The updated resource estimate and PEA will provide investors with clearer economic projections, while new discoveries like Slab West could expand the project's value. For the mining sector, this demonstrates continued investment in U.S. gold assets, which is important given gold's role as a safe-haven asset and its recent price strength. Local communities may benefit from job creation and economic activity if the mine reaches production.

Summary

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is advancing its Santa Fe Mine Project in Nevada, with construction on track to begin in 2027. The company announced key milestones, including an updated mineral resource estimate expected within weeks and a revised preliminary economic assessment (PEA) due by the end of August 2026. These steps are critical for state and federal permitting. Lahontan reported completing 87 drill holes totaling 7,751 meters this year, highlighting the newly identified Slab West gold discovery, which remains open in all directions. The company is also evaluating the potential reprocessing of historic heap leach pads as a low-cost source of future gold and silver production, with drilling currently underway.

Permitting work continues to advance, including groundwater studies and waste rock characterization. Shareholders have approved a new restricted share unit and deferred share unit plan to support key personnel retention. Lahontan Gold Corp. is a Canadian mine development and mineral exploration company with four top-tier properties in the Walker Lane of Nevada. Its flagship Santa Fe Mine project, spanning 26.4 km², had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 using open pit mining and heap-leach processing. The project hosts a NI 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Resource of 411,000 oz Au Eq.

The company plans to continue advancing the Santa Fe Mine towards production, update the PEA, and drill test its satellite West Santa Fe project. For more details, visit the full press release at https://ibn.fm/ohBUb. MiningNewsWire (MNW), a specialized communications platform within the IBN Dynamic Brand Portfolio, distributed this news. MNW focuses on global mining and resources sectors, offering press release enhancement and editorial syndication to 5,000+ outlets.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold on Track for 2027 Construction at Santa Fe Mine

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