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LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8% LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8%
Drill Results

Emergent releases drilling results from West Santa Fe

By The Northwire Desk — AI Analysis Feb 23, 2026 · 17:48 EMR · 0.09 Emergent Metals Corp.
EMR · Price

Executive Summary

  • Emergent Metals Corp. reports positive initial assay results from the first three reverse circulation (RC) drill holes at its West Santa Fe property in Nevada, marking the first modern drilling on the site since the 1990s.
  • The results are part of Lahontan Gold Corp.'s 2025 maiden drilling program, which holds an option to acquire a 100% interest in the property through $3.2 million in cash/share payments and work expenditures over seven years.
  • The company also announced an agreement with Winning Media LLC for investor relations and digital marketing services, contingent upon TSX Venture Exchange acceptance.

Key Details

  • Drilling Program: Lahontan Gold completed the first three of six RC holes in late 2025, totaling 593 metres.
  • Mineralization Characteristics: Gold and silver mineralization is hosted by limestone of the Triassic Pamlico formation, characterized by iron oxides, minor quartz veining, and decalcification. Bedding and fault structures control higher-grade zones.
  • Dimensions: Surface expression is 500m x 350m. Mineralized intervals vary from 35m to nearly 60m, with potential for increased thickness due to folding.
  • Historical Context: The property has 171 historic drill holes (~13,000m) from the 1980s and 1990s. This is the first modern drilling since that era.
  • Metallurgy: Historic 1982 testwork suggested 70% gold and 50% silver recovery via cyanide heap leach; however, these are unverified historical data points requiring modern verification.
  • Option Agreement: Lahontan can acquire 100% of West Santa Fe by completing $1.8M (cash/share) and $1.4M (work) over seven years.
  • Investor Relations Agreement: Emergent engaged Winning Media LLC for $100,000 USD over a three-month term. Payment is contingent on TSX Venture Exchange acceptance of the agreement. No securities were issued as compensation.
  • Qualified Person: Technical data reviewed by David Watkinson, PEng. Lahontan's data reviewed by their respective qualified person.

Notable Quotes

  • No direct quotes from the CEO/President were included in the provided text.
Read the original news release →

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