Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is advancing its flagship Santa Fe Mine project in Nevada with a strategic drill campaign focused on upgrading and expanding shallow oxide reserves. The company is organizing a reverse-circulation drill rig to conduct a program of 25 drill holes totaling 4,000 meters, with particular attention on the York and Slab zones where previous drilling has demonstrated extensive silver-gold potential in near-surface oxidation mineralization.
This drilling initiative represents a significant shift in the company's approach, moving from broad resource definition to more technical groundwork that precedes mine planning and permitting. The campaign is specifically designed to transform resources from the inferred to the indicated category while expanding the overall resource base. This technical advancement sets the stage for economic and engineering evaluation targeted for 2026, bringing the project closer to potential mineral exploitation.
The importance of this development lies in its strategic positioning within Nevada's Walker Lane trend, recognized as one of the world's most productive and mining-friendly regions. By focusing on oxide gold and silver resources at past-producing, infrastructure-rich projects, Lahontan Gold is pursuing a clear near-term path to production. The company controls four gold and silver properties in Nevada through its U.S. subsidiaries, with three properties 100%-owned and one controlled via a low-cost option to acquire full ownership.
For investors and industry observers, this drill campaign signals tangible progress in resource development that could enhance the project's economic viability. Upgrading resources from inferred to indicated category represents a critical step in mine development, as indicated resources carry higher confidence levels for economic evaluation. The focus on shallow oxide mineralization suggests potentially lower extraction costs compared to deeper sulfide deposits, which could improve project economics.
The broader implications extend to Nevada's mining sector, where successful development of the Santa Fe Mine could contribute to regional economic activity and demonstrate the continued potential of the Walker Lane trend. For detailed information about the company's progress, investors can visit the company's website at https://www.LahontanGoldCorp.com or access news updates through http://ibn.fm/LGCXF. Additional industry insights are available through specialized communications platforms like Rocks & Stocks at https://RocksAndStocks.news, which provides comprehensive coverage of mining sector developments.
This strategic drilling initiative represents a calculated move toward unlocking value from Nevada's mineral resources while advancing through the technical stages required for responsible mine development. The program's success could have meaningful implications for resource estimation, project economics, and ultimately, the potential for bringing a new gold-silver operation into production in a historically significant mining district.
