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B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Production / Operations

Lahontan Gold moves Super 90 core drill rig to Santa Fe

By The Northwire Desk — AI Analysis Jan 26, 2026 · 17:49 LG · 0.215 Lahontan Gold Corp.
LG · Price

Executive Summary

  • Lahontan Gold Corp. has mobilized a Super 90 track-mounted core drill rig to its Santa Fe mine project in Nevada to support the state-level mine-permitting process.
  • The drilling program aims to collect core samples for waste-rock geochemical characterization and to define groundwater distribution, both critical components for obtaining permits to resume open-pit mining and heap-leach processing.
  • Management expects to secure necessary hydrologic and geochemical data to maintain the timeline for breaking ground at Santa Fe in 2027.

Key Details

  • Equipment Mobilized: Super 90 track-mounted core drill rig.
  • Location: Santa Fe mine project, Walker Lane, Nevada.
  • Primary Objective: Support mine development and state-level permitting for the resumption of open-pit mining and heap-leach processing.
  • Specific Drilling Goals:
    • Collect core samples for waste-rock geochemical characterization.
    • Define the distribution of groundwater in the area of the proposed open pit.
  • Timeline: Drilling mobilization occurred in early 2026; target for breaking ground is 2027.
  • Historical Context: The Santa Fe project had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995.

Notable Quotes

  • "Lahontan is excited to take this important next step in the permitting process for the resumption of open pit mining and heap leach processing at Santa Fe. By mobilizing drilling equipment early in 2026, we expect to get both the hydrologic data and waste-rock geochemical data needed to keep the company on track for breaking ground at Santa Fe in 2027." — Kimberly Ann, Executive Chair, President, CEO, and Founder
Read the original news release →

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Production / Operations