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Lahontan Gold Corp. ( (TSE:LG) ) just unveiled an update.
Lahontan Gold Corp. reported encouraging first assay results from its 2025 maiden reverse-circulation drilling program at the West Santa Fe Project, 13 km from its Santa Fe Mine in Nevada, highlighted by a shallow 54.9-metre intercept grading 1.00 g/t gold equivalent, including 16.8 metres at 1.75 g/t gold equivalent in hole WSF25-06R. The results validate historic drilling data, confirm the presence of thick, near-surface oxide gold and silver mineralization, and support the company’s internal modeling of a potential shallow, oxidized disseminated deposit at West Santa Fe, reinforcing the project’s strategic role as a satellite source of mineral resources that could, in the future, complement development of processing infrastructure at the flagship Santa Fe Mine.
More about Lahontan Gold Corp.
Lahontan Gold Corp. is a Nevada-focused precious metals exploration company with a flagship Santa Fe Mine Project in the Walker Lane trend and a nearby satellite project at West Santa Fe. The company is targeting shallow, oxide gold and silver deposits that could potentially leverage shared mineral processing infrastructure to build a district-scale gold-silver resource base.
Average Trading Volume: 1,159,277
Technical Sentiment Signal: Buy
Current Market Cap: C$91.31M
For an in-depth examination of LG stock, go to TipRanks’ Overview page.