Lahontan Gold Corp. Advances Santa Fe Mine Development with Strategic Drill Program

Lahontan Gold Corp. has mobilized a track-mounted MDP-1500 RC drill to its flagship Santa Fe Mine in Nevada's Walker Lane trend. The company is conducting a 25-hole, 4,000-meter drill program focused on expanding and upgrading oxide gold and silver resources at the project. This initiative represents a strategic shift from broad resource definition to technical groundwork that precedes mine planning and permitting, indicating tangible progress toward mineral exploitation at Santa Fe.

The drill program specifically targets the York and Slab zones, areas containing near-surface oxide mineralization where previous drilling has demonstrated extensive silver-gold potential. By concentrating on these zones, Lahontan aims to transform existing resources into higher-confidence categories that support detailed mine planning. The company's long-term strategy involves advancing Santa Fe from exploration into planning, scheduling, and permitting phases, with this drill program serving as a critical component of that transition.

For the mining industry, this development demonstrates how junior mining companies progress projects through development stages. The mobilization of equipment and execution of targeted drilling represents capital deployment toward increasing asset value through resource conversion. Investors and industry observers can monitor this progress through the company's newsroom at https://ibn.fm/LGCXF, where updates regarding Lahontan Gold Corp. are available.

The implications of this announcement extend beyond the company's immediate operations. Successful resource conversion at Santa Fe could contribute to Nevada's mining economy, potentially creating jobs and economic activity in the region. For the gold and silver sector, additional resource definition supports global supply chains for these precious metals, which have industrial applications and serve as financial instruments. The technical data generated from this drilling will inform future mine design and environmental planning, essential steps toward responsible mineral development.

This drill program represents a methodical approach to mineral project development, where systematic data collection supports informed decision-making for future operations. The focus on oxide resources is particularly significant, as these materials typically require less complex processing than sulfide ores, potentially reducing operational costs and environmental impacts. As Lahontan advances toward its 2026 mine planning objectives, this drilling campaign provides the geological foundation necessary for engineering studies and regulatory submissions.

The broader context of this development includes the growing demand for precious metals in various sectors, from technology manufacturing to investment portfolios. By advancing projects like Santa Fe through systematic exploration and development phases, mining companies contribute to secure supply chains while implementing modern environmental and social governance practices. The progress at Santa Fe reflects industry trends toward data-driven development and phased project advancement, where each technical milestone builds toward operational readiness.