Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) reported initial results from its 2026 Sonic core drilling program at the Santa Fe Mine Project, with drilling confirming significant gold and silver mineralization in a historic “low-grade” stockpile. The grades substantially exceeded the material’s original classification, suggesting the stockpile may be suitable for low-cost future reprocessing.
The stockpile, adjacent to Heap Leach Pad Two, contains readily accessible material. Cyanide-extractable gold assays averaged more than 30%, indicating favorable heap-leach characteristics. The company believes this material could provide a lower-cost source of future processing material as it advances its goal of restarting production at the Santa Fe Mine in 2027.
Lahontan said 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 program is designed to define resources remaining in historic heap leach pads and stockpiles.
The Santa Fe Mine project 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 property 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.
For more information, visit the company’s website at www.lahontangoldcorp.com. The full press release is available at https://ibn.fm/a0odu. Latest news and updates relating to LGCXF are available in the company’s newsroom at http://ibn.fm/LGCXF.
