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An announcement from Lahontan Gold Corp. ( (TSE:LG) ) is now available.
Lahontan Gold Corp. reported final assay results from its 2025 maiden reverse-circulation drilling program at the West Santa Fe satellite project, 13 km from its Santa Fe Mine in Nevada. Key hole WSF25-04R returned 36.6 metres of oxide mineralization from surface grading 3.11 g/t gold equivalent, including 10.7 metres at 5.75 g/t, confirming a high-grade core in the South Zone that closely matches historic drilling.
Combined historic and recent drilling now outline a 500-by-350-metre, 35–60-metre-thick oxide gold-silver zone starting at surface, reinforcing the potential for low-cost open-pit mining and heap-leach processing. Lahontan’s technical team is refining models and planning a spring follow-up drilling campaign to test possible 1,000-metre strike extensions and down-dip targets, positioning West Santa Fe as a promising source of additional shallow oxide ounces to bolster the company’s resource base.
More about Lahontan Gold Corp.
Lahontan Gold Corp. is a mineral exploration company focused on advancing gold and silver projects in Nevada’s Walker Lane trend. Its flagship asset is the Santa Fe Mine project, complemented by nearby satellite targets such as the West Santa Fe project, where the company is targeting shallow, oxide mineralization amenable to low-cost open-pit and heap-leach development.
Average Trading Volume: 1,289,290
Technical Sentiment Signal: Buy
Current Market Cap: C$96.79M
Learn more about LG stock on TipRanks’ Stock Analysis page.