Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is advancing its flagship Santa Fe Mine project in Nevada with a strategic drill campaign focused on upgrading and expanding shallow oxide reserves. The company is organizing a reverse-circulation drill rig to conduct a program that marks a shift from broad resource definition to technical groundwork preceding mine planning and permitting.
The current program consists of 25 drill holes totaling approximately 4,000 meters, with particular focus on the York and Slab zones. These areas contain near-surface oxidation mineralization where previous drilling has demonstrated extensive silver-gold potential. The reverse-circulation campaign is designed to transform resources from the inferred to the indicated category while expanding the overall resource base.
This technical advancement sets the company up for economic and engineering evaluation in 2026, representing a significant step toward mineral exploitation at the Santa Fe Mine. The project is located within Nevada's Walker Lane trend, one of the world's most productive and mining-friendly regions. Lahontan Gold maintains a portfolio of gold and silver assets in the area, with four properties in Nevada, three of which are 100%-owned and one controlled via a low-cost option to acquire full ownership.
The company's strategic focus on unlocking oxide gold and silver value from past-producing, infrastructure-rich projects demonstrates a clear near-term path to production. The latest news and updates relating to Lahontan Gold are available through the company's communications channels, including detailed coverage of mining industry developments. For comprehensive information about the company's operations and progress, interested parties can visit www.LahontanGoldCorp.com.
The mining industry continues to evolve with companies like Lahontan Gold implementing targeted technical programs to advance project development. The shift from resource definition to preparatory work for mine planning represents a critical phase in bringing mineral projects to production. This approach allows for more precise resource estimation and better preparation for the permitting process that precedes actual mining operations.
For stakeholders and industry observers, the progress at Santa Fe Mine illustrates how junior mining companies are advancing projects through methodical, phased approaches. The focus on upgrading resource categories from inferred to indicated provides greater confidence in project economics and reduces technical risk as projects move closer to production decisions. The mining sector's continued development in Nevada contributes to regional economic activity while adhering to the regulatory frameworks governing mineral extraction in the state.
