Northwire Canada EditionTuesday, November 3, 2026
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Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
Drill Results Routine +

Lahontan Drills 16.5m Grading 2.72 g/t Au and 2.8 g/t Ag at Santa Fe Heap Leach Pad Two

Lahontan’s Pad Two re-drill intersected a 16.5m wide 2.75 g/t AuEq pocket within a bulk pad averaging 0.5 g/t Au and 40% cyanide solubility.

By The Northwire Desk — AI Analysis Sep 15, 2026 · 07:00 LG · 0.37 Lahontan Gold Corp.
Executive Summary

Lahontan Gold Corp. (LG) has released initial 2026 Sonic core results from Heap Leach Pad Two at its Santa Fe project, covering 10 holes for a total of 168.9 metres. The company reported a headline intercept of 16.5 metres grading 2.72 g/t Au and 2.8 g/t Ag, noting that nearly every 0.76-metre interval contains meaningful gold-silver mineralization.

The weighted average of all pad samples to date is 0.50 g/t Au, 3.3 g/t Ag, or 0.54 g/t AuEq. Historical feed for HLP Two was 3.76 million tonnes grading 0.55 g/t Au and 2.9 g/t Ag, with an expected residual grade of about 0.29 g/t Au. CN-extractable gold averages only 40% of fire-assay values, ranging from 5% to 82%.

Ten of 26 completed holes are reported, with 86 additional holes planned across four pads.

Material Impact

Lahontan Gold Corp. (LG) is a brownfields developer with a reported 2.385 moz AuEq resource and a C$151M market value. Heap leach pad reprocessing represents incremental feed upside rather than a discovery or a new deposit.

A rough size check indicates that HLP Two contains 3.76 Mt of historical feed. At 0.50 g/t Au fire-assay residual, that is roughly 60 koz in situ gold. At 40% CN recovery, recoverable gold is roughly 24 koz. Even if all four pads ultimately deliver several times that, it would be a modest addition relative to the existing 2.385 moz resource.

The market had not re-rated on the September 1 stockpile results, and the shares remain near C$0.37.

LG · Price
Company Overview

Lahontan Gold Corp. is a Nevada-focused gold-silver development company. Its flagship Santa Fe Mine project is a 28.3 km² past-producing open-pit heap-leach property with historic production of 359,202 oz Au and 702,067 oz Ag from 1988 to 1995.

The current NI 43-101 resource estimate is 1,195,000 oz AuEq Indicated at 0.78 g/t AuEq and 1,190,000 oz AuEq Inferred at 0.61 g/t AuEq. The company also holds the West Santa Fe satellite project and other Walker Lane targets.

Financials show no revenue, Q1 2026 cash of about C$11.96M, negative operating cash flow, and a going-concern warning. The company is dependent on future equity financing. Reported shares outstanding at Q1 2026 are 408.7M.

Read the original news release →

More from Lahontan Gold Corp.

Oct 27, 2026 · 07:30

Lahontan Gold Provides Corporate Update on Santa Fe and West Santa Fe Drill Programs

Drill Results Oct 14, 2026 · 10:55

Lahontan’s Santa Fe project post-tax NPV5 jumps 14 times to US$820 million, significantly exceeding its current market capitalization.

Resource Estimate Sep 21, 2026 · 08:28

Lahontan mobilizes a drill rig for a 3,500m campaign at West Santa Fe alongside granting management options.

Drill Results Sep 16, 2026 · 09:36

Lahontan consolidates West Santa Fe, eliminates royalties, and adds the New York Canyon project to its portfolio.

M&A / Property Sep 01, 2026 · 07:00

Lahontan’s incremental results feature good stockpile grade and low cyanide recovery without disclosed tonnage.

Drill Results Aug 17, 2026 · 07:00

Lahontan’s Santa Fe resource model shows an Indicated ounce miss offset by a surge in Inferred material that masks a decline in overall ore quality.

Resource Estimate