Northwire Canada EditionThursday, August 6, 2026
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ARTG 37.67 +7.3% SAGE 0.120 +4.3% NTR 93.88 −0.3% ERO 42.71 +4.6% EDR 12.55 +7.1% IFOS 2.23 −0.5% URE 1.80 −2.2% AAUC 27.50 +4.3% IMR 0.145 +3.6% EQX 14.50 +7.4% OGC 37.67 +6.8% TFPM 43.89 +4.4% SGD 15.42 +5.4% BKM 2.55 +3.2% OR 45.20 +4.4% CDE 24.46 +7.2% ARTG 37.67 +7.3% SAGE 0.120 +4.3% NTR 93.88 −0.3% ERO 42.71 +4.6% EDR 12.55 +7.1% IFOS 2.23 −0.5% URE 1.80 −2.2% AAUC 27.50 +4.3% IMR 0.145 +3.6% EQX 14.50 +7.4% OGC 37.67 +6.8% TFPM 43.89 +4.4% SGD 15.42 +5.4% BKM 2.55 +3.2% OR 45.20 +4.4% CDE 24.46 +7.2%
Drill Results

Lahontan Gold begins drilling at West Santa Fe

By The Northwire Desk — AI Analysis Dec 16, 2025 · 17:11 LG · 0.20 Lahontan Gold Corp.
LG · Price

Executive Summary

  • Lahontan Gold Corp. has commenced its maiden drill campaign at the West Santa Fe project, located 13 km from its flagship Santa Fe mine in Nevada, aiming to validate historical drill data from the 1980s.
  • The company completed its 2025 Phase 2 drilling program at the Santa Fe mine, completing 20 reverse circulation (RC) drill holes in the Slab and York Resource areas to expand gold and silver resources at depth.
  • Management plans to update the Santa Fe mine Mineral Resource Estimate (MRE) in early 2026 using the new data, followed by a Preliminary Economic Assessment (PEA) in the first half of 2026.

Key Details

  • West Santa Fe Project:
    • Drilling commenced using a Foremost MPD-1500 track-mounted reverse circulation (RC) drill rig.
    • Primary objective is to twin multiple historical drill holes from the 1980s to validate the historical database.
    • Historical context: Prior operators completed 171 drill holes totaling 13,107 metres between 1980 and 1995.
    • Validation of this database may enable its use in future mineral resource estimates (MRE).
  • Santa Fe Mine Project (2025 Phase 2 Drilling):
    • Total holes completed: 20 reverse circulation drill holes.
    • Target areas: Slab and York Resource areas.
    • Objectives: Expand gold and silver resources at depth below the south end of the Slab pit; step out and grow mineral resources in the York area.
    • Technical details: All Slab area drill holes were up to 194 metres deep and remained in oxidized and hydrothermally altered rock to their final depth.
    • Historical context: These 20 holes represent the largest number of drill holes completed in a single year since drilling began in 2021.
    • Cumulative drilling at Santa Fe since 2021: 99 diamond and RC drill holes totaling 22,431 metres.
  • Future Plans:
    • Update Santa Fe mine MRE in early 2026 utilizing new drill hole data.
    • Incorporate the updated MRE into a Preliminary Economic Assessment (PEA) in H1 2026.
  • Santa Fe Mine Resource Estimates (as of Dec 10, 2024 / Jan 24, 2025):
    • Indicated Resource: 1,539,000 oz AuEq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t AuEq).
    • Inferred Resource: 411,000 oz AuEq (16.76 million tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t AuEq).
    • All resources are pit-constrained.
    • Cut-off grades: 0.15 g/t AuEq for oxide resources; 0.60 g/t AuEq for non-oxide resources.
    • Price assumptions: $1,950/oz Au and $23.50/oz Ag.
    • Recovery assumptions: Oxide gold 28-79%, oxide silver 8-30%, non-oxide gold/silver 71%.

Notable Quotes

  • "Lahontan is excited to begin our maiden drill campaign at West Santa Fe. The historic drill hole data are very encouraging, and we look forward to drill testing this important gold and silver resource exploration target." — Kimberly Ann, Executive Chair, President, CEO, and Founder.
  • "At the Santa Fe mine project, the 20 drill holes completed this year represent the largest number of drill holes completed in a single year since the company began drilling the project in 2021." — Kimberly Ann.
Read the original news release →

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