Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has mobilized a track-mounted MDP-1500 reverse-circulation (RC) drill rig to its flagship Santa Fe Mine in Nevada’s Walker Lane trend, signaling the company’s transition from exploration to advanced project development. The company is conducting a 25-hole, 4,000-meter drill program focused on upgrading and expanding shallow oxide gold and silver resources, particularly in the York and Slab zones. This campaign is designed to convert existing resources into a more defined reserve base, supporting near-term mine planning and permitting efforts targeted for 2026.
The Santa Fe Mine, located in a historic mining district, hosts near-surface oxidation mineralization where prior drilling has indicated significant silver-gold potential. By focusing on these zones, Lahontan aims to enhance the project’s economic viability and de-risk development. The RC drilling method is well-suited for these shallow, oxidized targets, allowing for efficient sample collection and resource definition. According to the company, the results will feed directly into technical studies and feasibility work, accelerating the path toward production.
This mobilization follows Lahontan’s broader strategy of advancing Santa Fe from resource definition into detailed planning and scheduling. The company has emphasized that this drill program is a critical component of its 2026 mine planning timeline, as it seeks to establish a robust resource base that can support permitting applications and eventual construction. The Walker Lane trend is known for its gold and silver deposits, and Lahontan’s progress at Santa Fe positions it among a select group of junior miners moving toward development in Nevada.
For more details on the drill program and company updates, readers can visit the company’s newsroom at ibn.fm/LGCXF. Additional information on the Santa Fe project and Lahontan’s strategy is available at ibn.fm/2cvRQ.
