Lahontan Gold Discovers New Gold Zone at Slab West, Expands Santa Fe Mine Potential
Event summary
- Lahontan Gold drilled 91 meters grading 0.43 g/t Au oxide at Calvada, extending mineralization below the current resource pit shell.
- Discovered a new gold zone at Slab West with multiple drill holes intercepting significant mineralization, including 61 meters grading 0.26 g/t Au Eq.
- Geotechnical drilling confirmed thick oxide gold mineralization below the Calvada open pit, supporting mine construction plans for 2027.
- Slab West discovery remains open in all directions, with potential to host significant new gold resources.
The big picture
Lahontan Gold's discovery at Slab West highlights the potential for significant resource growth at the Santa Fe Mine, a critical development as the company aims to restart production in 2027. The find underscores the importance of exploration drilling in Nevada's prolific Walker Lane, where historic mining activity continues to yield new opportunities. The strategic focus on both resource expansion and permitting progress positions Lahontan to capitalize on rising gold prices and favorable mining conditions in Nevada.
What we're watching
- Resource Expansion
- Whether the Slab West discovery can significantly increase the Santa Fe Mine's resource base and justify further investment.
- Permitting Progress
- The pace at which Lahontan can advance mine permitting activities to meet the 2027 construction target.
- Exploration Strategy
- How Lahontan will prioritize exploration drilling between resource expansion and testing new zones like Slab West.
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