Curated News
By: NewsRamp Editorial Staff
September 02, 2025
Lahontan Gold Reports Strong Drill Results at Santa Fe Mine, Expands Nevada Gold Zones
TLDR
- Lahontan Gold's drilling results confirm resource expansion potential at Santa Fe Mine, offering investors early advantage in a growing Nevada gold project.
- Lahontan completed seven reverse-circulation drill holes totaling 1,210 meters, validating their geologic model and expanding oxide gold zones at Santa Fe Mine.
- Lahontan's exploration advances responsible mineral development, supporting economic growth and sustainable resource management in Nevada's mining communities.
- Lahontan discovered 89.9 meters grading 0.23 g/t gold at York zone, revealing exciting new mineralization open along strike and down-dip.
Impact - Why it Matters
This news matters because successful drilling results from established mining companies like Lahontan Gold directly impact investment opportunities in the precious metals sector. Positive drill results often lead to increased mineral resource estimates, which can significantly enhance shareholder value and attract additional investment. For the broader market, successful exploration in mining-friendly jurisdictions like Nevada reinforces the region's status as a world-class mining district and contributes to securing domestic gold supply chains. Additionally, as gold continues to serve as a hedge against inflation and economic uncertainty, new discoveries and resource expansions help maintain stable long-term supply for both industrial and investment demand.
Summary
Lahontan Gold Corp (TSX.V: LG, OTCQB: LGCXF) has announced highly promising results from its 2025 Phase One drilling program at the Santa Fe Mine Project in Nevada's prolific Walker Lane mining district. The Canadian mineral exploration company completed seven reverse-circulation drill holes totaling 1,210 meters, with standout intercepts including 89.9 meters grading 0.23 g/t Au and 18.3 meters grading 0.73 g/t Au at the York zone, where mineralization remains open along strike and down-dip. Additionally, the program identified 39.6 meters grading 0.30 g/t Au at the Slab zone, confirming this as a new target for resource expansion. These results not only validate Lahontan's geologic model but also significantly expand the oxide gold zones, highlighting the substantial growth potential of the recently acquired York claims.
The Santa Fe Mine project represents Lahontan's flagship property, covering 26.4 km² with a rich history of past production totaling 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. The project boasts 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. The company plans additional drilling at both the York and Slab zones later this year as it continues advancing the Santa Fe Mine toward production and updates its Preliminary Economic Assessment. For detailed technical information and the full press release, investors can visit the company's website at www.lahontangoldcorp.com or access the complete disclosure through the provided InvestorBrandNetwork link.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Reports Strong Drill Results at Santa Fe Mine, Expands Nevada Gold Zones
