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NNX 0.035 +0.0% ABX 51.92 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.70 +9.1% TUNG 1.74 +3.0% LGO 1.00 −3.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.49 +0.9% SGZ 0.045 +0.0% S 0.160 +33.3% GRSL 0.305 −4.7% DEX 0.390 +1.3% WMS 0.040 +0.0% NNX 0.035 +0.0% ABX 51.92 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.70 +9.1% TUNG 1.74 +3.0% LGO 1.00 −3.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.49 +0.9% SGZ 0.045 +0.0% S 0.160 +33.3% GRSL 0.305 −4.7% DEX 0.390 +1.3% WMS 0.040 +0.0%
Drill Results Routine +

Lahontan to Drill Historic Santa Fe Heap Leach Pads for Residual Gold & Silver

Lahontan Gold Advances Santa Fe Heap Leach Strategy with Historic Pad Drilling Following Metallurgical Validation

By The Northwire Desk — AI Analysis Apr 20, 2026 · 07:00 LG · 0.44 Lahontan Gold Corp.
Executive Summary
  • Date: April 20, 2026
  • Headline: Lahontan to Drill Historic Santa Fe Heap Leach Pads for Residual Gold & Silver
  • Program Details: Commencement of a drilling program targeting historic heap leach (HL) pads at the Santa Fe Gold Mine Project in Nevada.
  • Scope: 95 sonic core holes totaling 1,740 metres across four historic HL pads.
  • Objective: Generate an Inferred mineral resource from residual material within the historic pads.
  • Economic Rationale: Material is already crushed and requires no stripping, allowing for low-cost reprocessing to enhance mine economics established in the 2025 Preliminary Economic Assessment (PEA).
  • Historical Context: Historic production (1988–1994) included ~359,000 ounces of gold and ~700,000 ounces of silver from 16.0 million tonnes processed.
  • Current Resources: Santa Fe Mine holds an Indicated Resource of 1,539,000 oz Au Eq and Inferred Resource of 411,000 oz Au Eq.
Material Impact
  • Rating Justification: The news is categorized as Routine - Positive. While the potential for low-cost resource expansion is significant, this announcement represents the execution of a previously announced strategy rather than new unexpected information.
  • Prior Expectations: The November 13, 2025 BLM approval explicitly enabled "drill testing of historic heap-leach pads." This April 20 update confirms the mobilization phase of that approved plan.
  • Financing Context: The program is funded by the $13.6M CAD private placement closed on April 8, 2026. Management stated proceeds would support "upcoming updates to the MRE/PEA and district-scale drilling campaigns." This drill program fits directly within that budgeted scope.
  • Metallurgical Validation: The preceding news release (April 13, 2026) confirmed high cyanide recoveries (81% Au), validating the technical feasibility of processing this material. This reduces execution risk but does not guarantee resource tonnage until assay results are released.
  • Market Impact: As an operational update following a financing close and metallurgical validation, the market likely anticipated this step. It reinforces the production timeline (2027) but does not immediately alter valuation without resource estimates or assay results.
LG · Price
Company Overview
  • Company Name: Lahontan Gold Corp.
  • Ticker: TSX.V: LG / OTCQB: LGCXF
  • Flagship Project: Santa Fe Mine Project, Walker Lane, Nevada.
  • Project Status: Past Producer (1988–1994) and Exploration/Development Stage.
  • Mine Type: Open-pit heap leach processing for gold and silver.
  • Current Resources:
    • Indicated: 1,539,000 oz Au Eq (48.4 Mt @ 0.92 g/t Au & 7.18 g/t Ag).
    • Inferred: 411,000 oz Au Eq (16.8 Mt @ 0.74 g/t Au & 3.25 g/t Ag).
  • Historical Production: ~359,200 oz Gold and ~702,000 oz Silver.
  • Satellite Projects: West Santa Fe (high-grade oxide gold), York Claims (recently acquired adjacent land).
Read the original news release →

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Financings Apr 02, 2026 · 17:15

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