Northwire Canada EditionFriday, July 31, 2026
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FCI 0.415 −3.5% SGQ 0.350 +0.0% SASK 0.980 −3.9% WGX 4.57 −2.1% GMX 1.86 +1.6% DSV 8.81 −3.3% MQM 0.170 +0.0% MNO 1.51 −3.2% VIZ 0.190 +0.0% HBM 32.05 +0.7% CNC 1.53 −3.2% ALGR 0.490 −7.5% MSG 0.200 −2.4% ECU 1.73 +2.4% NAM 0.250 −2.0% FDY 5.59 +0.5% FCI 0.415 −3.5% SGQ 0.350 +0.0% SASK 0.980 −3.9% WGX 4.57 −2.1% GMX 1.86 +1.6% DSV 8.81 −3.3% MQM 0.170 +0.0% MNO 1.51 −3.2% VIZ 0.190 +0.0% HBM 32.05 +0.7% CNC 1.53 −3.2% ALGR 0.490 −7.5% MSG 0.200 −2.4% ECU 1.73 +2.4% NAM 0.250 −2.0% FDY 5.59 +0.5%
Drill Results

Lahontan drills 41.2m of 1.94 g/t AuEq at West Santa Fe

By The Northwire Desk — AI Analysis Feb 10, 2026 · 16:28 LG · 0.31 Lahontan Gold Corp.
LG · Price

Executive Summary

  • Lahontan Gold Corp. released 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.
  • Significant shallow oxide gold intercepts were reported, including a high-grade core of 9.1 meters at 4.14 g/t AuEq, validating historic drill data and highlighting the potential for the West Santa Fe project to augment resources at the Santa Fe Mine.
  • Additional results from the York deposit at the Santa Fe mine project were also released, including a condemnation hole that identified potentially economic gold grades in historic waste rock dumps.

Key Details

  • West Santa Fe Project (WSF25-03R):
    • Intercepted 41.2 meters grading 1.94 g/t AuEq, including 9.1 meters grading 4.14 g/t AuEq.
    • The intercept correlates with historic drill hole M81-61, validating the historic database.
    • Identified a high-grade core associated with an east-west-trending fault structure: 1.52 meters grading 11.30 g/t Au and 135.0 g/t Ag (equivalent to 12.88 g/t AuEq) at depths of 44.20 to 45.72 meters.
  • West Santa Fe Project (WSF25-01R):
    • Intercepted 6.1 meters grading 1.53 g/t AuEq at depths of 38.1 to 44.2 meters.
    • Targeted structure on the east end of the south mineralized zone, confirming fault-controlled mineralization.
    • The system remains open to the east, an area characterized by old underground workings and anomalous surface geochemistry.
  • York Deposit (Santa Fe Mine Project):
    • Analytical results received for five RC drill holes.
    • Holes YOR25-003R and YOR25-006R were abandoned due to difficult drilling conditions in a fault zone.
    • Holes YOR25-005R and YOR25-008R targeted margins for mine planning and open pit potential.
    • Condemnation Hole (YOR25-07R): Located on the historic York open pit waste rock dump. The upper 12.2 meters of mine dump material graded 0.27 g/t Au.
    • The historic cut-off grade at York was approximately 0.5 g/t Au; the presence of gold in the waste rock suggests potential for future processing of dump material.
  • QA/QC Protocols:
    • Samples analyzed by American Assay Laboratories (AAL) in Sparks, Nevada.
    • Methods included 30-gram fire assay with ICP finish for gold, 36-element geochemistry via two-acid digestion ICP-AES, and cyanide leach analyses 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

  • "The high-grade drill results seen in WSF25-03R confirm the tenor and distribution of gold and silver mineralization seen in historic drilling at West Santa Fe. The company is excited that these initial results are very similar to, in terms of both grade and geometry, assays reported for the older drilling. Given the apparent size of the hydrothermal system, Lahontan believes that there is significant upside to the West Santa Fe project and the project has the potential to augment mineral resources already defined at the nearby Santa Fe Mine project." — Kimberly Ann, Executive Chair, President, CEO, and Founder
Read the original news release →

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