Curated News
By: NewsRamp Editorial Staff
September 15, 2026
Lahontan Gold Reports High-Grade Drill Results at Santa Fe Mine
TLDR
- Lahontan Gold's drill results show higher grades and potential heap leach reprocessing, offering a competitive edge in Nevada gold exploration.
- Lahontan Gold's Sonic drilling at Santa Fe Mine involved 10 holes and 26 total, with cyanide analyses at 40% of fire assay values indicating leachability.
- Lahontan Gold's reprocessing of historic mine waste could reduce environmental impact and recover more gold, benefiting communities and sustainability.
- Lahontan Gold found nearly every drill interval mineralized at the Santa Fe Mine, with cyanide tests suggesting old waste can be profitably reprocessed.
Impact - Why it Matters
The latest drill results from Lahontan Gold's Santa Fe Mine Project underscore the potential for reprocessing historic heap leach pads, which could unlock significant additional gold and silver resources. With grades exceeding residual estimates and cyanide analyses indicating amenability to conventional leaching, the material may be economically viable to reprocess. This could extend the mine's life and enhance its overall value, especially as the company advances toward production and updates its Preliminary Economic Assessment. For investors, these results highlight the company's ability to generate value from past-producing assets in a mining-friendly jurisdiction, potentially leading to resource growth and improved project economics.
Summary
Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has announced promising additional results from its 2026 Sonic core drilling program at the Santa Fe Mine Project in Nevada. The company reported 10 holes totaling 168.9 metres from historic Heap Leach Pad Two, with nearly every 0.76-metre drill interval containing meaningful gold and silver mineralization. Based on the first 10 of 26 completed holes at HLP Two, all samples returned a weighted average grade of 0.50 g/t gold and 3.3 g/t silver, or 0.54 g/t gold equivalent, compared with an estimated residual grade of 0.29 g/t gold and 2.5 g/t silver, or 0.32 g/t gold equivalent. Cyanide gold analyses averaged 40% of corresponding fire assay values, suggesting the material may be amenable to reprocessing using conventional cyanide leaching. The company said additional drill results are required before mineral resources can be calculated, with 86 additional Sonic drill holes completed across the four historic heap leach pads.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 26.4 km2 Santa Fe Mine project, had 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 Santa Fe Mine has 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, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of this news release has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.
This article has been disseminated on behalf of Lahontan Gold Corp. and may include paid advertising. To view the full press release, visit https://ibn.fm/02bQQ. The latest news and updates relating to LGCXF are available in the company’s newsroom at http://ibn.fm/LGCXF.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Reports High-Grade Drill Results at Santa Fe Mine
