Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has announced additional results from its 2026 drilling program at the Santa Fe Mine project in Nevada, featuring a geotechnical diamond drill hole at the Calvada deposit that also intersected significant oxide gold mineralization. Hole CAL26-03C returned 30.8 meters grading 0.93 grams per tonne gold equivalent (“Au Eq”), including a higher-grade interval of 10.7 meters grading 2.18 g/t Au Eq. The company stated that this intercept ranks among the highest-grade results drilled to date within the Central Calvada deposit, supporting confidence in advancing the project toward a targeted mine construction start in 2027.
Additional reverse-circulation drilling at the southern end of the Slab open pit encountered near-surface oxide mineralization, including 15.2 meters grading 0.40 g/t Au Eq and 9.1 meters grading 0.22 g/t Au Eq, helping define mineralization near the Calvada Fault. Lahontan noted that drilling continues across the Santa Fe project, with further results expected from its RC program and Sonic drilling campaign evaluating historic stockpiles and heap leach pads. These efforts are part of broader plans to update the project’s mineral resource estimate, complete a preliminary economic assessment, and advance permitting activities.
The Santa Fe Mine project, which had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995, currently hosts a Canadian NI 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 project toward production and update the preliminary economic assessment in 2025.
For more details, the full press release is available at https://ibn.fm/eIjZy. Additional updates on Lahontan Gold Corp. can be found in the company’s newsroom at http://ibn.fm/LGCXF.
