Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has reported the discovery of a previously unrecognized gold zone at its Santa Fe Mine Project in Nevada, marking a significant development as the company advances toward permitting and a targeted mine construction timeline in 2027. The new zone, named “Slab West,” was identified during the first drill results from the company’s 2026 exploration program and remains open in all directions, suggesting potential for further expansion.
The Slab West zone, located west of the Slab open pit, returned multiple mineralized intercepts, including 35.0 meters grading 0.34 g/t gold equivalent and 61.0 meters grading 0.26 g/t gold equivalent. According to Lahontan, this discovery has the potential to add significant new gold resources at Santa Fe, complementing the project’s existing resource base. The company also reported that geotechnical drill hole CAL26-02C intersected 90.8 meters grading 0.44 g/t gold equivalent below the current Calvada resource pit shell, including a higher-grade interval of 12.3 meters grading 1.22 g/t gold equivalent. These results further support confidence in the project’s existing resource model as it moves toward development.
The Santa Fe Mine project, Lahontan’s flagship property spanning 26.4 km² in the Walker Lane of Nevada, 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 project hosts 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 company’s plans for 2025 include updating the Santa Fe Preliminary Economic Assessment and drilling its satellite West Santa Fe project.
The importance of this discovery lies in its potential to enhance the economic viability of the Santa Fe project as Lahontan progresses toward production. The Slab West zone, with its open-ended mineralization, could add ounces to the resource base, potentially improving project economics and extending mine life. For the mining industry, the discovery underscores the continued exploration potential in the prolific Walker Lane trend, which has historically hosted significant gold and silver deposits. Investors and stakeholders in Lahontan Gold Corp. may view these results as a positive indicator of the project’s growth potential, particularly as the company targets a mine construction timeline in 2027.
The technical content of this news release has been 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 more information, visit the company’s website at www.lahontangoldcorp.com. The full press release is available at https://ibn.fm/PM6A8.
Lahontan Gold Corp. holds four top-tier gold and silver exploration properties in Nevada, with the Santa Fe Mine project being the most advanced. The company plans to continue advancing the project towards production and has outlined a clear path to development, including permitting and construction. The Slab West discovery adds a new dimension to these plans, offering the potential for resource growth that could enhance the project’s attractiveness to investors and partners.
