Northwire Canada EditionFriday, July 31, 2026
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NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0% NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0%
Drill Results

Lahontan Gold drills 49 m of 0.83 g/t AuEq at Santa Fe

By The Northwire Desk — AI Analysis Feb 18, 2026 · 17:30 LG · 0.265 Lahontan Gold Corp.
LG · Price

Executive Summary

  • Lahontan Gold Corp. released additional assay results from its 2025 maiden drilling program at the West Santa Fe project, a satellite asset located 13 km from its flagship Santa Fe mine in Nevada.
  • The results confirm the northern extent of precious metal mineralization, defining a surface expression of 500 by 350 meters with mineralization thickness varying from 35 to nearly 60 meters.
  • The shallow oxide nature of the mineralization suggests potential for low-cost, open-pit mining, with follow-up drilling planned for the near future.

Key Details

  • Hole WSF25-02R:
    • Intercepted 48.8 meters grading 0.83 g/t AuEq, including 10.7 meters grading 1.83 g/t AuEq.
    • Individual high-grade intercepts include 1.52 meters at 3.21 g/t AuEq (1.52 g/t Au, 72.5 g/t Ag).
    • Demonstrates excellent continuity with adjacent and historic drilling.
  • Hole WSF25-05R:
    • Intercepted 45.7 meters grading 0.64 g/t AuEq, with mineralization beginning at the surface.
    • Includes 9.2 meters grading 1.29 g/t AuEq.
    • Identified as the northernmost completed hole; mineralization remains open to the north and west.
  • Geological Context:
    • The mineralized zone has a surface expression of 500 by 350 meters.
    • Geometry is gently dipping, potentially allowing for inexpensive, low strip-ratio open pit mining.
    • Multiple drill sites are permitted west, north, and east of the central outcropping zone.
  • QA/QC Protocols:
    • Samples analyzed by American Assay Laboratories (AAL) in Sparks, Nevada.
    • Methods included 30-gram fire assay with ICP finish for Au, 36-element geochemistry via ICP-AES, and cyanide leach tests on select holes.
    • QA/QC included coarse blanks (1 per 65 samples), CRMs (1 per 20 samples), and duplicate samples (1 per 20 intervals).

Notable Quotes

  • Kimberly Ann (Executive Chair, President, CEO, and Founder): "The drill results reported today confirm the northern extent of precious metal mineralization at West Santa Fe... The company has multiple drill sites permitted west, north and east of this central, outcropping, mineralized zone. Its early days and we are just beginning to identify the extents of the West Santa Fe system... We look forward to releasing the final results from the 2025 drill program shortly; planning is under way for follow-up drilling."
Read the original news release →

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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 Jul 21, 2026 · 21:00

Lahontan Provides Corporate Update

Regulatory Jun 30, 2026 · 07:00

Lahontan’s Santa Fe project faces challenges from low-grade oxide resources and a going-concern warning that test faith in its 2027 production timeline.

Drill Results Jun 09, 2026 · 07:00

Lahontan confirms the Slab West discovery and Calvada extension, supporting the planned 2027 restart of the Santa Fe mine.

Drill Results May 20, 2026 · 07:00

Lahontan Gold Fully Funded Through 2027 as Santa Fe Permitting Advances

Production / Operations