Northwire Canada EditionWednesday, November 11, 2026
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Gold 3,992.50 −0.9% Silver 51.70 +0.9% Copper 6.27 +0.6% Oil 86.48 +0.5% Palladium 1,029.50 +0.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% CDE 21.43 −1.2% AEM 265.03 −2.0% WDO 27.75 −2.0% BEA 0.090 +0.0% GAU 3.41 −4.2% BTO 7.38 −2.2% IMG 25.75 −2.2% BOL 0.050 −16.7% Gold 3,992.50 −0.9% Silver 51.70 +0.9% Copper 6.27 +0.6% Oil 86.48 +0.5% Palladium 1,029.50 +0.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% CDE 21.43 −1.2% AEM 265.03 −2.0% WDO 27.75 −2.0% BEA 0.090 +0.0% GAU 3.41 −4.2% BTO 7.38 −2.2% IMG 25.75 −2.2% BOL 0.050 −16.7%
Drill Results

Lahontan Drills Thick, Shallow Oxide Gold at West Santa Fe: 55m Grading 1.00 g/t AuEq Including 17m Grading 1.75 g/t AuEq

Lahontan Validates Satellite Project Potential as Market Pivots Toward Flagship Economic Re-Rating

By The Northwire Desk — AI Analysis Feb 05, 2026 · 07:00 LG · 0.25 Lahontan Gold Corp.
Executive Summary

The most recent news release (February 5, 2026) reports the first assay results from a maiden Reverse-Circulation (RC) drilling program at the West Santa Fe project in Nevada. Key results from hole WSF25-06R include 54.9 metres grading 1.00 g/t AuEq (Gold Equivalent) starting from 24.4 metres depth, including a higher-grade interval of 16.8 metres at 1.75 g/t AuEq. The release emphasizes that these results validate a historical database of 171 drill holes and confirm the existence of thick, shallow oxide gold mineralization.

Material Impact

The impact is positive but categorized as routine for several reasons: - Validation vs. Discovery: The results largely confirm what was indicated in the 13,000-metre historical database. While essential for building a NI 43-101 compliant resource, it is not a "new" discovery in the traditional sense. - Satellite Focus: West Santa Fe is a satellite project 13km from the flagship Santa Fe Mine. While it adds to the district-scale story, the market is currently more focused on the updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) for the flagship project. - Grade and Scale: 1.00 g/t over 55m is a respectable oxide intercept in Nevada, but it aligns with previous expectations for the project's "exploration target" of 0.5–1.0M ounces. It does not yet necessitate a fundamental re-valuation of the company beyond its current trajectory.

LG · Price
Company Overview

Lahontan Gold Corp. is focused on the Walker Lane gold belt in Nevada. - Flagship Project: The Santa Fe Mine, a past-producing open-pit heap leach operation (1988–1995). - Resources: Currently hosts an Indicated Resource of 1.11M oz AuEq and an Inferred Resource of 0.54M oz AuEq (2022 estimate). - Strategy: Aggressively expanding oxide gold resources at the flagship and nearby satellite projects (West Santa Fe, Moho, Redlich) to restart mining operations.

Read the original news release →

More from Lahontan Gold Corp.

Nov 09, 2026 · 07:30

Lahontan tests 9 million tonnes of historic waste rock for low-cost heap leach upside at its project.

Drill Results Oct 27, 2026 · 07:30

Lahontan Gold Provides Corporate Update on Santa Fe and West Santa Fe Drill Programs

Drill Results Oct 14, 2026 · 10:55

Lahontan’s Santa Fe project post-tax NPV5 jumps 14 times to US$820 million, significantly exceeding its current market capitalization.

Resource Estimate Sep 21, 2026 · 08:28

Lahontan mobilizes a drill rig for a 3,500m campaign at West Santa Fe alongside granting management options.

Drill Results Sep 16, 2026 · 09:36

Lahontan consolidates West Santa Fe, eliminates royalties, and adds the New York Canyon project to its portfolio.

M&A / Property Sep 15, 2026 · 07:00

Lahontan’s Pad Two re-drill intersected a 16.5m wide 2.75 g/t AuEq pocket within a bulk pad averaging 0.5 g/t Au and 40% cyanide solubility.

Drill Results