Lahontan Gold Hits High-Grade Oxide Intercept at Santa Fe Mine
Event summary
- Lahontan Gold drilled 30.8 meters grading 0.93 g/t Au Eq oxide at Calvada Central, including a high-grade interval of 10.7 meters at 2.18 g/t Au Eq.
- Two additional RC drill holes at the South Slab Open Pit intersected oxide gold mineralization.
- The drill hole was originally designed for geotechnical data but also intercepted significant gold mineralization.
- Lahontan aims to complete an updated Mineral Resource Estimate and Preliminary Economic Assessment for Santa Fe Mine in 2026.
The big picture
Lahontan Gold's high-grade intercept at Santa Fe Mine reinforces the strategic importance of the Calvada resource, aligning with broader industry trends of restarting historic mines in Nevada. The company's focus on advancing permitting and completing an updated economic assessment positions it within the competitive landscape of mine development companies targeting oxide gold deposits.
What we're watching
- Resource Expansion
- Whether additional drilling will further expand the known mineralization at Calvada Central and South Slab Open Pit.
- Permitting Progress
- The pace at which Lahontan advances mine permitting activities to meet its 2027 construction target.
- Economic Viability
- How the updated Mineral Resource Estimate and Preliminary Economic Assessment will impact the project's economic viability.
Related topics