Lahontan Gold Expands Shallow Oxide Gold Mineralization at West Santa Fe — Lahontan Gold Corp.

Event summary

Lahontan Gold reported new drilling results from its West Santa Fe project, with intercepts of 48.8 meters grading 0.83 g/t Au Eq and 45.7 meters grading 0.64 g/t Au Eq.
The mineralization extends to the surface and remains open to the north and west, indicating potential for further expansion.
The results confirm a surface expression of mineralization measuring 500 by 350 meters, with varying thickness from 35 to 60 meters.
Lahontan plans to release final results from the 2025 drill program and is preparing for follow-up drilling in 2026.

The big picture

Lahontan Gold's latest drilling results at West Santa Fe highlight the potential for expanding its mineral resources in Nevada's prolific Walker Lane. The shallow oxide gold and silver mineralization, with its surface expression and open extensions, positions the project favorably for future development. The strategic proximity to the Santa Fe Mine project could enhance the overall value of Lahontan's asset portfolio, particularly as the company advances towards production and updates its economic assessments.

What we're watching

Resource Expansion: How the northern and western extensions of mineralization will impact the overall resource estimate and potential mine planning.
Drilling Strategy: Whether follow-up drilling in 2026 will confirm the continuity and grade of mineralization across the identified zones.
Market Dynamics: The pace at which Lahontan can advance the West Santa Fe project towards production, given the proximity to its flagship Santa Fe Mine.