Lahontan Gold Corp. has released initial analytical results from its 2025 Phase Two drilling program at the Santa Fe Mine Project in Nevada's Walker Lane region, reporting significant gold intercepts that expand mineralization at both the York and Slab zones. The company completed six reverse-circulation drill holes totaling 994 metres, with highlights including a broad intercept of 114.3 metres grading 0.33 g/t gold equivalent at the York zone, including higher-grade mineralization of 18.3 metres grading 0.90 g/t gold equivalent. These results expand mineralization north of the current resource pit shell.
At the Slab zone, the drilling program delivered both shallow and deeper oxide gold intercepts that may support a deeper conceptual pit design and additional resources. These findings are expected to contribute to an updated Mineral Resource Estimate scheduled for later this year. The Santa Fe Mine Project represents Lahontan's flagship property, covering 26.4 km² with a history of past production totaling 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing.
The project currently holds a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained. The company plans to continue advancing the Santa Fe Mine project toward production while updating the Santa Fe Preliminary Economic Assessment and drilling its satellite West Santa Fe project during 2025. The technical content of the announcement has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.
For business and technology leaders monitoring the mining sector, these results demonstrate continued resource expansion potential in established mining districts. The Walker Lane region of Nevada represents one of North America's most productive mining jurisdictions, and successful exploration results like these can significantly impact project economics and development timelines. The expansion of mineralization beyond current pit shells suggests potential for increased mine life or improved production profiles, factors that directly influence investment decisions and strategic planning in the resource sector.
The company's focus on oxide gold mineralization is particularly relevant given current processing technologies and market conditions. Oxide resources typically offer lower capital and operating costs compared to sulfide deposits, making them attractive development targets in various gold price environments. The upcoming Mineral Resource Estimate will provide crucial data for assessing the project's economic viability and strategic positioning within the competitive gold mining landscape. Additional information about the company's technical reports and disclosures is available through their corporate communications channels.
