Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has announced additional results from its 2026 drilling program at the Santa Fe Mine project in Nevada, highlighted by a geotechnical diamond drill hole at the Calvada deposit that also intersected significant oxide gold mineralization. Hole CAL26-03C returned 30.8 meters grading 0.93 grams per tonne gold equivalent (Au Eq), including a higher-grade interval of 10.7 meters grading 2.18 g/t Au Eq. The company said the intercept ranks among the highest-grade results drilled to date within the Central Calvada deposit and supports confidence in advancing the project toward a targeted mine construction start in 2027.
Additional reverse-circulation drilling at the southern end of the Slab open pit encountered near-surface oxide mineralization, including 15.2 meters grading 0.40 g/t Au Eq and 9.1 meters grading 0.22 g/t Au Eq, helping define mineralization near the Calvada Fault. Lahontan said drilling continues across the Santa Fe project, with additional results expected from its RC program and Sonic drilling campaign evaluating historic stockpiles and heap leach pads as part of broader efforts to update the project's mineral resource estimate, complete a preliminary economic assessment and advance permitting activities.
The results are significant because they demonstrate the potential for high-grade zones within the already substantial resource base at Santa Fe. The project currently hosts a NI 43-101 compliant 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 Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag). The company is working to update the preliminary economic assessment and advance the project towards a production decision.
For more information, visit the company's website at www.lahontangoldcorp.com. The full press release is available at https://ibn.fm/eIjZy.
