Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has released additional analytical results from its 2025 maiden drilling program at the West Santa Fe project in Nevada's Walker Lane, reporting significant oxide gold and silver intercepts that extend mineralization from surface and remain open to the north and west. The results include 48.8 meters grading 0.83 g/t Au Eq in hole WSF25-02R and 45.7 meters grading 0.64 g/t Au Eq in hole WSF25-05R, with mineralization beginning at surface. Management stated that the findings confirm a 500-by-350-meter surface expression of gold and silver mineralization, with thicknesses ranging from approximately 35 to nearly 60 meters, highlighting oxide mineralization geometry that may support a potential low strip ratio open-pit mining scenario.
The company is awaiting final results from the 2025 program and is advancing planning for follow-up drilling. This announcement is significant because it expands the known mineralization footprint at West Santa Fe, which is a satellite project to Lahontan's flagship Santa Fe Mine project. The Santa Fe Mine has a 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 Santa Fe Mine has an Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained. The company plans to update the Santa Fe Preliminary Economic Assessment and continue advancing the project toward production.
The West Santa Fe results are particularly important as they demonstrate the potential for additional near-surface oxide resources that could be economically extracted. The oxide mineralization geometry, with thicknesses of up to 60 meters and starting at surface, suggests that mining could occur with low strip ratios, reducing operating costs and environmental impact. The open-ended nature of the mineralization to the north and west indicates potential for further expansion through additional drilling.
Lahontan Gold holds four top-tier gold and silver exploration properties in the Walker Lane of Nevada, with the Santa Fe Mine project being the most advanced. The company is focused on advancing these assets towards production, leveraging existing infrastructure and historical mining data. The technical content of this news release has been reviewed and approved by Michael Lindholm, CPG, an Independent Consulting Geologist and 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/ryCUP.
