Northwire Canada EditionSaturday, August 22, 2026
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RCK 0.720 +2.9% SGML 16.03 +8.1% BKM 2.80 +0.0% CGNT 1.25 +2.5% TTS 2.10 −17.6% SVRS 0.500 +0.0% FMM 0.050 +0.0% GSPR 0.105 −4.5% MKO 14.50 +0.2% EVER 0.510 −1.9% HSTR 2.32 +0.0% MERG 0.880 +4.8% THM 1.20 −0.8% MON 0.660 +3.1% ELEF 0.145 +7.4% FAIR 0.065 +8.3% RCK 0.720 +2.9% SGML 16.03 +8.1% BKM 2.80 +0.0% CGNT 1.25 +2.5% TTS 2.10 −17.6% SVRS 0.500 +0.0% FMM 0.050 +0.0% GSPR 0.105 −4.5% MKO 14.50 +0.2% EVER 0.510 −1.9% HSTR 2.32 +0.0% MERG 0.880 +4.8% THM 1.20 −0.8% MON 0.660 +3.1% ELEF 0.145 +7.4% FAIR 0.065 +8.3%
Resource Estimate

Lahontan Selects RESPEC and Kappes Cassiday to Update Santa Fe Mineral Resource Estimate and PEA

Lahontan Formalizes Transition from Explorer to Developer as Santa Fe Permitting Triggers PEA Update

By The Northwire Desk — AI Analysis Feb 03, 2026 · 07:30 LG · 0.225 Lahontan Gold Corp.
Executive Summary

The most recent news release (February 3, 2026) announces that Lahontan Gold has retained RESPEC Company LLC and Kappes, Cassiday & Associates (KCA) to update the Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) for the Santa Fe Mine Project in Nevada. The updated MRE will incorporate all drilling conducted since October 2024, a new 3D geologic model, and revised metallurgical data. The MRE is expected in the "coming months," with the PEA slated for completion in Q2 2026. This follows recent drilling success at the Slab and York zones and the mobilization of core rigs for geochemical and hydrological data collection required for state-level permitting.

Material Impact

The news is a Routine - Positive development. While the hiring of consultants is a standard procedural step for a junior miner, it signals the formal conclusion of the 2025 exploration phase and the pivot toward economic modeling and mine construction planning.

  • Materiality: The impact is moderate. It confirms the company is adhering to its timeline for a 2027 ground-breaking. By incorporating higher metal prices and the expanded footprint from the York claim acquisition (October 2025), the updated PEA is likely to show improved project scale compared to the January 2025 report.
  • Project De-risking: The focus on hydrologic and waste rock data (January 26, 2026 news) is a critical path item for Nevada permitting. The market now has a clear 6-month window (Q2 2026) to see the "new" economics of the project.
  • Grade Reality: While the scale is growing, recent drill results (0.45 g/t AuEq over 68.6m) remind investors that this is a bulk-tonnage, low-grade oxide play. The profitability will be highly sensitive to the metallurgical recovery rates KCA is currently analyzing.
LG · Price
Company Overview

Lahontan Gold Corp. is a junior explorer/developer focused on the Walker Lane trend in Nevada. Its flagship is the Santa Fe Mine, a past-producing open-pit heap leach mine (1988-1995). The project currently hosts 1.54M oz AuEq Indicated and 0.41M oz AuEq Inferred resources. The project is characterized by shallow oxide mineralization, excellent infrastructure (on-site substation, year-round access), and a clear pathway to resuming production by 2027.

Read the original news release →

More from Lahontan Gold Corp.

Aug 17, 2026 · 07:00

Lahontan’s Santa Fe resource model shows an Indicated ounce miss offset by a surge in Inferred material that masks a decline in overall ore quality.

Resource Estimate Aug 05, 2026 · 07:00

Lahontan’s Calvada East intercepts confirm oxide gold and a new volcanics target, though grades and widths remain incremental for bulk-tonnage open-pit mining.

Drill Results 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