Lahontan Gold Resumes Drilling at West Santa Fe with 3,500m Campaign…

Event summary

Lahontan Gold mobilized a track-mounted reverse-circulation drill rig to its West Santa Fe Project in Nevada’s Walker Lane for a 3,500-meter drilling campaign across 20 holes.
The campaign aims to define gold and silver resources and test step-out targets, with results expected later in 2026.
Lahontan granted 3,000,000 stock options to officers and consultants, exercisable at Cdn$0.40 per share over five years.

The big picture

Lahontan Gold’s resumed drilling at West Santa Fe is a strategic move to bolster its regional exploration strategy in Nevada’s prolific Walker Lane. The campaign follows successful maiden drilling in December 2025, which confirmed high-grade oxide mineralization near the surface. The company’s focus on expanding its resource base aligns with its broader objective of restarting the Santa Fe Mine by 2027, positioning it within the competitive landscape of Nevada’s mining sector.

What we're watching

Resource Expansion: Whether the drilling campaign will expand the known mineralized system and improve understanding of its geometry.
Execution Risk: The pace at which Lahontan can deliver results from the drilling program and meet its year-end maiden resource estimate target.
Permitting Progress: How advancements in mine permitting activities will impact the timeline for commencing construction at the Santa Fe Mine in 2027.