Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has released additional results from its 2026 sonic core drilling program at the Santa Fe Mine Project, revealing that nine drill holes in a historic low-grade stockpile averaged 1.96 g/t gold equivalent, including 1.64 g/t gold and 36.2 g/t silver. The stockpile, located adjacent to Heap Leach Pad Two, contains previously mined material that is being evaluated for potential future reprocessing, a method that could be significantly lower cost than mining and processing fresh rock.
The company reported that CN-extractable gold assays averaged 43% of corresponding fire assay values, suggesting the material may be amenable to conventional heap leach processing. This is a critical finding, as it indicates that the stockpile could potentially be processed through the existing heap leach infrastructure, reducing capital and operating expenses.
These results are particularly significant for Lahontan Gold as the company aims to advance the Santa Fe Mine project towards production. The Santa Fe Mine has a past production history of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995, and it 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 has plans to update the Santa Fe 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, an Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.
The implications of these drilling results are substantial. Reprocessing historic stockpiles could provide a relatively low-risk, low-cost source of gold and silver production, potentially extending the mine life and improving the project's economics. This approach is increasingly being considered by mining companies as a way to maximize value from existing assets.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds four top-tier gold and silver exploration properties in the Walker Lane of mining-friendly Nevada. The flagship property, the 26.4 km2 Santa Fe Mine project, is located in a region with a rich mining history and favorable regulatory environment.
For more information about Lahontan Gold Corp., visit the company's website at www.lahontangoldcorp.com. The full press release is available at https://ibn.fm/F7hVP.
