Lahontan Gold Corp. has released final analytical results from its 2025 maiden drilling program at the West Santa Fe project, located 13 kilometers from its flagship Santa Fe Mine project in Nevada's Walker Lane. The final reverse-circulation drill hole, WSF25-04R, returned 36.6 meters grading 3.11 grams per tonne gold equivalent from surface, including a high-grade interval of 10.7 meters at 5.75 grams per tonne gold equivalent, all in oxide material. Additional intervals reached up to 12.04 grams per tonne gold equivalent.
These results correlate with historic drilling data and define a near-surface oxide gold and silver zone measuring approximately 500 by 350 meters. The continuity and grade of this mineralization support the potential for low-cost open pit mining and heap-leach processing development. Management is currently advancing geologic modeling and planning a follow-up spring drilling campaign targeting extensions of the mineralized system.
The importance of these findings lies in their confirmation of a substantial oxide gold and silver resource that appears amenable to conventional, cost-effective extraction methods. Oxide mineralization typically requires simpler processing than sulfide ores, potentially reducing capital and operating expenses. For investors and the mining industry, this represents a significant step toward establishing a new viable mining operation in a proven mining district.
The West Santa Fe project is part of Lahontan Gold's portfolio of four gold and silver exploration properties in Nevada's Walker Lane, a region known for its mineral wealth. The company's flagship Santa Fe Mine project has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces gold equivalent and an Inferred Mineral Resource of 411,000 ounces gold equivalent, all pit constrained. The technical content of the news release was reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., a Qualified Person as defined in National Instrument 43-101.
For more detailed technical information, the Preliminary Economic Assessment, NI 43-101 Technical Report for the Santa Fe Project is available on the company's website and SEDAR+. Additional company information can be found at https://lahontangoldcorp.com. The latest news and updates relating to Lahontan Gold are available in the company's newsroom at http://ibn.fm/LGCXF.
The implications of these drill results extend beyond Lahontan Gold's immediate exploration program. Successful development of the West Santa Fe project could contribute to Nevada's gold production, support local employment, and demonstrate the continued potential of the Walker Lane region for new discoveries. For the mining sector, these results highlight the value of systematic exploration near existing mining infrastructure and the ongoing potential for discovering near-surface oxide deposits that can be developed with relatively low technical risk.
