Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) reported the first drill results from its 2026 exploration program at the Santa Fe Mine Project in Nevada, highlighting the discovery of a previously unrecognized gold zone west of the Slab open pit. The new “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, suggesting potential for significant 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 12.3 meters grading 1.22 g/t gold equivalent. These results further support confidence in the project’s existing resource model as the company advances toward permitting and a targeted mine construction timeline in 2027. The Calvada zone, part of the Santa Fe project, already hosts substantial resources, and the new intercepts could enhance the project’s economics.
Lahontan Gold holds a 100% interest in the 26.4 km² Santa Fe Mine property, which had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines using heap-leach processing. The project currently has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag).
The company plans to continue advancing the Santa Fe Mine project toward 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.
For more details on the full press release, visit https://ibn.fm/PM6A8. The company also maintains a newsroom at http://ibn.fm/LGCXF for the latest updates regarding LGCXF.
