Lahontan Gold Reports Higher-Than-Expected Grades From Santa Fe Stockpile Drilling
July 23rd, 2026 1:29 PM
By: Newsworthy Staff
Initial Sonic drilling at the historic Santa Fe Mine stockpile reveals significantly higher gold and silver grades than previously classified, suggesting potential for low-cost reprocessing and advancing the company's goal of restarting production in 2027.
Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has 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 exceed the material’s original classification, according to a company press release.
The stockpile, adjacent to Heap Leach Pad Two, contains readily accessible material that the company believes may be suitable for low-cost future reprocessing. Cyanide-extractable gold assays averaging more than 30% indicate favorable heap-leach characteristics, the company said.
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 that could provide a lower-cost source of future processing material as the company advances its goal of restarting production at the Santa Fe Mine in 2027.
The Santa Fe Mine 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 currently hosts a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.
For more information, please visit the company’s website at www.lahontangoldcorp.com. The full press release is available at https://ibn.fm/a0odu.
Source Statement
This news article relied primarily on a press release disributed by InvestorBrandNetwork (IBN). You can read the source press release here,
