Lahontan Gold Corp. has commenced its maiden drill program at the West Santa Fe project in Nevada's Walker Lane, deploying a reverse-circulation drill rig to twin historic holes and validate a legacy database comprising 171 drill holes totaling more than 13,000 metres completed between 1980 and 1995. This validation work could support future mineral resource estimates for the satellite property. Simultaneously, the company completed its 2025 Phase Two drilling program at the nearby Santa Fe Mine project, where twenty reverse-circulation drill holes targeted gold and silver resource expansion at depth and in step-out areas.
This marks the largest annual drill campaign at Santa Fe since drilling began in 2021 and supports plans to update the mineral resource estimate and advance a preliminary economic assessment in 2026. The Santa Fe Mine project, Lahontan's flagship property covering 26.4 km², 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 currently 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, all pit constrained.
Technical information for the company is detailed in the Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project available on the company's website and through SEDAR+. The technical content of the company's disclosure 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.
The company's drilling activities at both West Santa Fe and Santa Fe Mine represent significant steps toward advancing these Nevada properties. The validation of historical data at West Santa Fe could potentially add to the company's overall resource base, while the expanded drilling at Santa Fe Mine supports the planned update to both the mineral resource estimate and preliminary economic assessment scheduled for 2026. Additional information about the company's developments is available through their newsroom.
