Northwire Canada EditionWednesday, September 16, 2026
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GOLD 4373.60 +0.9% SILVER 64.56 +1.1% COPPER 6.50 +0.9% OIL 102.18 −3.5% PALLADIUM 1310.00 +0.6% AUEN 0.240 −5.9% LVG 0.300 +1.7% OOR 0.050 +0.0% MJS 0.100 −4.8% EMR 0.100 +17.6% LMCU 10.35 −0.5% SXL 0.060 +0.0% EQTY 0.155 −31.1% LG 0.360 −2.7% MGG 0.320 −1.5% CTV 0.115 +0.0% ORCL 0.030 +0.0% PHNM 0.365 +2.8% ADZ 0.195 −2.5% WHY 0.290 −1.7% KTN 1.16 +0.0% GOLD 4373.60 +0.9% SILVER 64.56 +1.1% COPPER 6.50 +0.9% OIL 102.18 −3.5% PALLADIUM 1310.00 +0.6% AUEN 0.240 −5.9% LVG 0.300 +1.7% OOR 0.050 +0.0% MJS 0.100 −4.8% EMR 0.100 +17.6% LMCU 10.35 −0.5% SXL 0.060 +0.0% EQTY 0.155 −31.1% LG 0.360 −2.7% MGG 0.320 −1.5% CTV 0.115 +0.0% ORCL 0.030 +0.0% PHNM 0.365 +2.8% ADZ 0.195 −2.5% WHY 0.290 −1.7% KTN 1.16 +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.

Sep 16, 2026 · 09:36

Lahontan Consolidates Ownership of West Santa Fe, Eliminates Royalties, and Adds Strategic New York Canyon Project Through Acquisition of Emergent Metals

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 Aug 05, 2026 · 07:00

Lahontan’s Calvada East intercepts confirm oxide gold and a new volcanics target, though grades and widths remain incremental for bulk-tonnage open-pit mining.

Drill Results Jul 23, 2026 · 07:00

Lahontan’s stockpile grades exceed historic labels despite a low 30% cyanide recovery rate.

Drill Results Jul 22, 2026 · 07:00

Lahontan’s Calvada Central oxide intercept adds incremental ounces, though low grades keep the result in an encouraging band rather than being transformational.

Drill Results