Lahontan Gold Corp. announced final analytical results from its 2025 maiden drilling program at the West Santa Fe project, located 13 kilometers from its flagship Santa Fe Mine project in Nevada's Walker Lane. The final reverse-circulation drill hole, WSF25-04R, returned 36.6 meters grading 3.11 g/t gold equivalent from surface, including 10.7 meters at 5.75 g/t gold equivalent, all oxide, with additional high-grade intervals up to 12.04 g/t gold equivalent.
The results correlate with historic drilling and define a near-surface oxide gold and silver zone measuring approximately 500 by 350 meters, supporting potential for low-cost open pit and heap-leach development. Management is advancing geologic modeling and planning a follow-up spring drilling campaign targeting extensions of the mineralized system. For more detailed technical information, the company's full technical disclosure is available through their corporate communications.
This development holds significance for mining industry leaders as it demonstrates the expansion potential of established mining districts. The Walker Lane region of Nevada is recognized for its mining-friendly jurisdiction and proven mineral endowment. The West Santa Fe project's proximity to Lahontan's flagship Santa Fe Mine project creates operational synergies and infrastructure advantages that could accelerate development timelines.
The Santa Fe Mine project itself contains substantial resources, with a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces gold equivalent and an Inferred Mineral Resource of 411,000 ounces gold equivalent, all pit constrained. The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.
For investors and industry observers, these results from West Santa Fe represent a strategic expansion of Lahontan's asset base in a proven mining district. The oxide mineralization identified suggests potentially lower processing costs through heap-leach methods compared to more complex sulfide ores. The near-surface nature of the mineralization further supports the economic viability of potential open-pit development.
The technical content of this news release and the company's technical disclosure 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. Additional corporate information and updates are available through the company's investor relations channels. The latest news and updates relating to Lahontan Gold are available through specialized industry communications platforms that provide mining sector insights.
