Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has reported initial results from its 2026 Sonic core drilling program at the Santa Fe Mine Project in Nevada, revealing that historic stockpile material contains significantly higher gold and silver grades than previously classified. The drilling, focused on a historic "low-grade" stockpile adjacent to Heap Leach Pad Two, confirmed mineralization that the company believes could be suitable for low-cost reprocessing.
According to the company, cyanide-extractable gold assays from the stockpile averaged more than 30%, indicating favorable characteristics for heap-leach processing. The stockpile contains readily accessible material that could provide a lower-cost source of future feed as Lahontan advances its goal of restarting production at the Santa Fe Mine in 2027. The nearly 100-hole Sonic drilling program has now concluded across the site's four historic heap leach pads, with results from six additional holes in the low-grade stockpile expected shortly.
The Santa Fe Mine had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The project currently hosts a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces of gold equivalent (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag) and an Inferred Mineral Resource of 411,000 ounces of gold equivalent (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 towards 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 as defined in National Instrument 43-101.
For more information, visit the company's website at www.lahontangoldcorp.com. The full press release is available at https://ibn.fm/a0odu.
