Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) announced additional analytical results from its 2025 maiden drilling program at the West Santa Fe project in Nevada's Walker Lane region. 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 and remaining open to the north and west.
Management stated the results confirm a 500-by-350-meter surface expression of gold and silver mineralization with thicknesses ranging from approximately 35 to nearly 60 meters. This highlights oxide mineralization geometry that may support potential low strip ratio open pit mining. The company awaits final results from the 2025 program and advances planning for follow-up drilling. For more detailed information, the full press release is available at https://ibn.fm/ryCUP.
The Santa Fe Mine project, Lahontan's flagship property covering 26.4 km², 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. According to the company's technical disclosure, the Santa Fe Mine has a Canadian National Instrument 43-101 compliant 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 technical content of the news release was 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 investors seeking additional information about the company, the latest news and updates relating to LGCXF are available in the company's newsroom at http://ibn.fm/LGCXF. The company's website at http://www.lahontangoldcorp.com provides further corporate and project details. The technical report referenced in the disclosure, "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project," is available on the company's website and SEDAR+.
The announcement carries significant implications for the mining industry and investors. The confirmation of surface mineralization at West Santa Fe suggests potential for cost-effective extraction methods, as oxide gold deposits typically require less processing and have lower production costs compared to sulfide deposits. The location in Nevada's Walker Lane region, known for its mining-friendly regulations and established infrastructure, further enhances the project's viability. These results could position Lahontan Gold as an attractive development candidate in a jurisdiction with proven mining success.
For the broader mining sector, successful exploration results in established districts like Walker Lane demonstrate the ongoing potential for resource expansion in mature mining regions. The company's progress at West Santa Fe, combined with its existing Santa Fe Mine resources, suggests a strategic pipeline of projects that could contribute to North American gold production. As global demand for precious metals continues amid economic uncertainty, successful exploration and development in mining-friendly jurisdictions like Nevada remains crucial for supply security.
