Curated News
By: NewsRamp Editorial Staff
June 09, 2026
Lahontan Gold Uncovers New Slab West Zone at Santa Fe Project
TLDR
- Lahontan Gold's new Slab West discovery and high-grade Calvada intercepts could boost Santa Fe resource value and investor returns.
- Lahontan Gold reported drill results at Santa Fe, including 90.8m grading 0.44 g/t AuEq below Calvada and new Slab West zone.
- Lahontan Gold's progress toward mine construction in 2027 aims to create jobs and support local economy in Nevada.
- Lahontan Gold discovered a new gold zone called Slab West at Santa Fe, with intercepts open in all directions for expansion.
Impact - Why it Matters
This discovery is significant for investors and the mining industry as it highlights the potential for substantial resource growth at the Santa Fe Mine Project, which could enhance the project's economics and accelerate its path to production. The Slab West zone, open in all directions, suggests the possibility of expanding the mine life and increasing gold output, directly impacting Lahontan Gold's valuation and the local economy in Nevada. For stakeholders, these results bolster confidence in the company's exploration strategy and the project's viability as a near-term gold producer.
Summary
Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has announced promising initial drill results from its 2026 exploration program at the Santa Fe Mine Project in Nevada, highlighted by the discovery of a new gold zone named “Slab West” west of the Slab open pit. The Slab West zone returned multiple mineralized intercepts, including 35.0 meters grading 0.34 g/t gold equivalent and 61.0 meters grading 0.26 g/t gold equivalent, and remains open in all directions, indicating potential for resource expansion. Additionally, geotechnical drill hole CAL26-02C intersected 90.8 meters grading 0.44 g/t gold equivalent below the current Calvada resource pit shell, including a high-grade interval of 12.3 meters grading 1.22 g/t gold equivalent, further validating the project's resource model.
The company believes these results could significantly boost gold resources at Santa Fe, which already boasts an Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Resource of 411,000 oz Au Eq. Lahontan Gold is advancing the project toward permitting and targeted mine construction in 2027. The Santa Fe Mine had past production of 359,202 ounces of gold and 702,067 ounces of silver from 1988 to 1995 via open pit heap-leach operations. For more details, the full press release is available at https://ibn.fm/PM6A8.
Lahontan Gold Corp. is a Canadian mine development and exploration company focused on gold and silver properties in Nevada's Walker Lane. The company plans to update the Santa Fe Preliminary Economic Assessment and drill test its satellite West Santa Fe project in 2025. The technical content was reviewed by Michael Lindholm, CPG, a Qualified Person under NI 43-101. For more information, visit www.lahontangoldcorp.com.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Uncovers New Slab West Zone at Santa Fe Project
