Curated News
By: NewsRamp Editorial Staff
February 24, 2026

Lahontan Gold Reports High-Grade Drill Results at West Santa Fe Project

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Original Source

TLDR

  • Lahontan Gold's West Santa Fe drilling results reveal high-grade near-surface gold, offering investors early advantage in a potential low-cost open pit development opportunity.
  • Lahontan Gold's final 2025 drill hole WSF25-04R returned 36.6m at 3.11 g/t gold equivalent, defining a 500x350m oxide zone for geologic modeling and spring drilling.
  • Lahontan Gold's Nevada exploration advances responsible mineral development, potentially creating local economic opportunities while utilizing heap-leach processing for efficient resource extraction.
  • A Nevada drill hole hit 12.04 g/t gold equivalent, revealing a substantial near-surface oxide zone just 13km from Lahontan's historic Santa Fe Mine.

Impact - Why it Matters

This news is significant for investors and industry observers as it demonstrates substantial exploration success in a proven mining jurisdiction. The high-grade, near-surface oxide mineralization at West Santa Fe suggests potential for economically viable, low-cost mining operations using heap-leach processing, which typically requires lower capital expenditure. Given Nevada's status as a mining-friendly region with established infrastructure, successful development could enhance Lahontan's asset portfolio and potentially attract partnership or acquisition interest. For shareholders, these results validate the company's exploration strategy and could positively impact valuation as the project advances toward resource definition and economic studies.

Summary

Lahontan Gold Corp. (TSXV: LG, OTCQB: LGCXF) has announced highly promising final results from its 2025 maiden drilling program at the West Santa Fe project in Nevada's prolific Walker Lane region. The standout drill hole, WSF25-04R, intersected 36.6 meters grading 3.11 g/t gold equivalent from surface, including a high-grade interval of 10.7 meters at 5.75 g/t gold equivalent, all in oxide mineralization. These results, which correlate with historic drilling, define a substantial near-surface oxide gold and silver zone measuring approximately 500 by 350 meters, significantly enhancing the project's potential for low-cost open pit and heap-leach development. Management is now advancing geologic modeling and planning a follow-up spring drilling campaign to target extensions of this mineralized system, building on the momentum from this successful initial program.

The company's flagship Santa Fe Mine project, located just 13 km from West Santa Fe, boasts a robust resource base with a Canadian 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, all pit-constrained. Lahontan Gold Corp., a Canadian mine development and exploration company, holds four top-tier properties in Nevada and is actively working to advance the Santa Fe Mine toward production while exploring its satellite projects. The technical content has been reviewed and approved by Qualified Person Michael Lindholm, CPG, ensuring the reliability of the reported data. For more detailed information, investors can visit the company's website at www.lahontangoldcorp.com or access the full press release through the provided link.

This news was disseminated by Rocks & Stocks, a specialized communications platform within the Dynamic Brand Portfolio of IBN (InvestorBrandNetwork), which provides extensive distribution services including wire solutions, article syndication to over 5,000 outlets, and enhanced press release features. The platform aims to deliver deep insights into the mining industry, helping companies like Lahontan Gold reach a wide audience of investors and stakeholders. For ongoing updates, investors can follow the latest news relating to LGCXF in the company's newsroom or subscribe to Rocks & Stocks alerts for timely industry information.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Reports High-Grade Drill Results at West Santa Fe Project

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