Lahontan Gold Boosts Santa Fe Mineral Resources by 22%
Event summary
- Lahontan Gold reports a 22% increase in mineral resources at its Santa Fe Mine, with 1,195,000 oz Indicated and 1,190,000 oz Inferred Au Eq.
- Shallow Slab and York oxide resources expanded by 37%, while Santa Fe Deposit resources increased by 26%.
- The updated Mineral Resource Estimate is based on 1,275 drill holes totaling 136,515 meters.
- Lahontan targets 2027 for mine construction, pending an updated Preliminary Economic Assessment (PEA).
- Technical report to be filed on SEDAR+ within 45 days.
The big picture
Lahontan Gold's significant resource increase at Santa Fe strengthens its position as a mine developer in Nevada's prolific Walker Lane. The focus on both oxide and sulfide resources reflects a strategic shift toward long-term production potential. The upcoming PEA will be critical in determining the project's economic feasibility and attracting investment as Lahontan transitions from development to operation.
What we're watching
- Resource Expansion
- Whether Lahontan can sustain the pace of resource growth through continued drilling and metallurgical testing.
- Economic Viability
- How the updated PEA will assess the economic potential of both oxide and sulfide resources.
- Permitting Progress
- The timeline for securing state and federal permits for mine construction.
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