Curated News
By: NewsRamp Editorial Staff
March 03, 2026
Lahontan Gold Ramps Up Drilling at Nevada's Santa Fe Mine for 2027 Production
TLDR
- Lahontan Gold Corp. expands drilling at its Santa Fe Mine to potentially restart gold and silver production by 2027, offering investors early access to resource growth.
- Lahontan Gold Corp. deployed a reverse-circulation drill rig to explore over 700 new holes at its Santa Fe Mine, following an approved exploration plan.
- Lahontan Gold Corp.'s expanded drilling program aims to revitalize the Santa Fe Mine, potentially creating jobs and supporting sustainable mineral development in Nevada.
- Lahontan Gold Corp. is drilling unexplored areas of its Santa Fe Mine, which historically produced over 359,000 ounces of gold using heap-leach processing.
Impact - Why it Matters
This development is significant for the mining investment community and the broader commodities market. Nevada's Walker Lane is a world-renowned, mining-friendly jurisdiction with a rich history of major discoveries. Lahontan's aggressive step-up in drilling, backed by a formal Plan of Operations approval, moves the Santa Fe project from pure exploration closer to a potential near-term production decision. For investors, it represents a de-risking event; systematic, large-scale drilling is the primary method for converting inferred resources into measured and indicated categories, which is critical for bankable feasibility studies and securing project financing. Success in the under-explored targets could materially increase the project's resource base and economic value, potentially impacting Lahontan's market valuation. Furthermore, adding a new, high-capacity reverse-circulation rig significantly accelerates data collection, allowing for faster decision-making. In a macro context, with gold prices remaining historically elevated due to geopolitical uncertainty and inflationary pressures, advancing a sizable, past-producing asset in a top-tier location positions Lahontan to potentially capitalize on strong market fundamentals for precious metals.
Summary
Lahontan Gold Corp. (TSXV: LG, OTCQB: LGCXF), a Canadian mine development and mineral exploration company, has significantly escalated its exploration activities at its flagship Santa Fe Mine project in Nevada's Walker Lane region. The company announced the mobilization of a track-mounted MPD-1500 reverse-circulation drill rig to the site, which will operate alongside an existing diamond drill. This expansion follows the approval of the company's exploration Plan of Operations, authorizing more than 700 additional drill holes. The primary objective of this intensified drilling program is to investigate under-explored areas of the property, supporting Lahontan's ambitious goal of restarting gold and silver production at Santa Fe by 2027 while simultaneously unlocking the broader district-scale exploration potential of this historically productive asset.
The Santa Fe Mine project is a substantial 26.4 km² property with a significant past production record of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. It boasts a robust, pit-constrained resource base with a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent. The technical oversight for this news release and the company's disclosures is provided by Qualified Person Michael Lindholm, CPG, an Independent Consulting Geologist. For more detailed information, investors are directed to the company's newsroom at http://ibn.fm/LGCXF and the full press release available at https://ibn.fm/IS3Lo, which provides comprehensive data on the project's Preliminary Economic Assessment and technical report.
This news was disseminated through MiningNewsWire (MNW), a specialized communications platform within the Dynamic Brand Portfolio of the Investor Brand Network (IBN). MNW focuses on the global mining and resources sectors, providing clients with extensive wire distribution, editorial syndication to over 5,000 outlets, enhanced press release services, and broad social media reach via IBN's network. The platform aims to deliver breaking news and actionable information, cutting through market noise to provide clients with significant brand awareness. For further details on MNW's services, visit https://www.MiningNewsWire.com. The company's corporate website, www.lahontangoldcorp.com, offers additional resources for stakeholders interested in following the progress of the Santa Fe Mine and its satellite West Santa Fe project, which is also slated for drill testing in 2025.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Ramps Up Drilling at Nevada's Santa Fe Mine for 2027 Production
