Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) announced the first drill results from its 2026 exploration program at the Santa Fe Mine Project in Nevada, including the discovery of a previously unrecognized gold zone west of the Slab open pit. The new 'Slab West' zone returned multiple mineralized intercepts, such as 35.0 meters grading 0.34 g/t gold equivalent and 61.0 meters grading 0.26 g/t gold equivalent, and remains open in all directions, suggesting potential for resource expansion.
Additionally, geotechnical drill hole CAL26-02C intersected 90.8 meters grading 0.44 g/t gold equivalent below the current Calvada resource pit shell, including 12.3 meters grading 1.22 g/t gold equivalent. These results further support confidence in the project's existing resource model as the company advances toward permitting and a targeted mine construction timeline in 2027.
The Santa Fe Mine project, located in the Walker Lane of Nevada, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines using heap-leach processing. According to a NI 43-101 compliant technical report, the project hosts an indicated mineral resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag) and an inferred resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag), all pit constrained.
The company plans to continue advancing the Santa Fe Mine project toward production, update the preliminary economic assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of this news release has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a qualified person under NI 43-101.
For more information, visit the company's website at www.lahontangoldcorp.com. The full press release is available at https://ibn.fm/PM6A8.
