Northwire Canada EditionFriday, July 31, 2026
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NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0% NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0%
Drill Results Routine +

Lahontan Drills More Shallow Oxide Gold at West Santa Fe: 49m Grading 0.83 g/t Au Eq Including 11m Grading 1.83 g/t Au Eq

Nevada District Consolidation Marred by Significant Dilution and Complex Royalty Burdens

By The Northwire Desk — AI Analysis Feb 18, 2026 · 07:02 LG · 0.243 Lahontan Gold Corp.
Executive Summary

The news release dated February 18, 2026, reports additional drill results from the West Santa Fe (WSF) project in Nevada. Key results include hole WSF25-02R, which intercepted 48.8 metres grading 0.83 g/t Au Eq, and WSF25-05R, which returned 45.7 metres of 0.64 g/t Au Eq starting from surface. These results follow a series of releases in early February 2026 (Feb 10 and Feb 5) that highlighted higher-grade intercepts, such as 41.2m at 1.94 g/t Au Eq. The current news confirms that the mineralized zone at West Santa Fe now covers a surface expression of 500 by 350 metres and remains open in multiple directions.

Material Impact

The impact of this specific news release is routine. While it confirms the continuity and northern extent of the West Santa Fe system, the grades (0.64 - 0.83 g/t Au Eq) are lower than the high-grade results reported just eight days prior (1.94 g/t Au Eq). - Validation of Strategy: The results confirm that West Santa Fe is a viable satellite deposit that could provide supplemental feed to the primary Santa Fe Mine project. - Resource Potential: The consistency of "thick, shallow oxide" mineralization is positive for future open-pit economics, but these results are exploration-stage and do not yet contribute to a compliant Mineral Resource Estimate (MRE). - Market Sentiment: The stock price had already surged from $0.03 in early 2025 to over $0.30 by February 2026. This news serves to support the current valuation rather than drive a new breakout.

LG · Price
Company Overview

Lahontan Gold Corp. is a junior explorer/developer focused on the Walker Lane trend in Nevada. - Flagship Project: The Santa Fe Mine, a past producer (1988–1995) with a current Indicated Resource of 1.54M oz Au Eq and an Inferred Resource of 0.41M oz Au Eq. - Project Scope: The project includes multiple deposits (Santa Fe, Slab, Calvada, York). The strategy is to restart open-pit, heap-leach operations. - Recent Progress: A December 2024 PEA showed an after-tax NPV5% of US$200M, but used a spot gold price of $2,705/oz. At more conservative base-case prices ($2,025/oz), the NPV drops significantly to $56.5M.

Read the original news release →

More from Lahontan Gold Corp.

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 Jun 09, 2026 · 07:00

Lahontan confirms the Slab West discovery and Calvada extension, supporting the planned 2027 restart of the Santa Fe mine.

Drill Results May 20, 2026 · 07:00

Lahontan Gold Fully Funded Through 2027 as Santa Fe Permitting Advances

Production / Operations