InvestorNewsBreaks - Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) Reports Encouraging Gold, Silver Results From Santa Fe Heap Leach Pad
Original announcement by orestocks on
- Company
- Lahontan Gold Corp.
- Ticker
- LG
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Drill results
- Extracted
- 2026-09-15 16:20:27 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Lahontan Gold Corp. reported encouraging sonic drill results from the Santa Fe Mine Project in Nevada, with 10 holes from Heap Leach Pad Two returning a weighted average of 0.50 g/t gold and 3.3 g/t silver. These grades exceed the estimated residual grades of the pad and suggest the material may be amenable to conventional cyanide leaching.
Reasoning: Drill results from historic heap leach pad show higher-than-expected grades (0.50 g/t Au vs 0.29 g/t Au residual) and suggest good metallurgical amenability via cyanide leaching.
Positive factors
- Grades exceed estimated residual grades
- Cyanide leach amenability suggested
- Sonic drilling program progressing
Negative factors
- Low absolute grades (0.50 g/t Au)
- Additional drilling required for resource calculation
Facts used in scoring: 6
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release mentions cyanide gold analyses and refers to a NI 43-101 compliant technical report.
Evidence · text
“The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael Lindholm, CPG... who is a Qualified Person”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The company explicitly states its mineral resources are NI 43-101 compliant.
Evidence · text
“has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1Santa Fe Mine · goldGrade: 0.5Grade Unit: g/tIntercept: 168.9 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- LG
Geometry
- Grade
- 0.5
- Grade Unit
- g/t
- Intercept
- 168.9 m
Classification
- Program
- exploration
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Weighted average grade of 0.50 g/t Au from 10 holes exceeds the estimated residual grade of 0.29 g/t Au.
Positive factors
- Exceeds residual grade
Negative factors
- Low absolute grade
Evidence · text
“all samples returned a weighted average grade of 0.50 g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 2Santa Fe Mine · silverGrade: 3.3Grade Unit: g/tIntercept: 168.9 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- LG
Geometry
- Grade
- 3.3
- Grade Unit
- g/t
- Intercept
- 168.9 m
Classification
- Program
- exploration
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Weighted average grade of 3.3 g/t Ag from 10 holes exceeds the estimated residual grade of 2.5 g/t Ag.
Positive factors
- Exceeds residual grade
Evidence · text
“and 3.3 g/t silver”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (4)
indicatedSanta Fe Mine Project · goldTonnes: 48393000Grade: 0.92Grade Unit: g/tContained Metal: 1539000Contained Unit: oz au eqView all detailsHide details
Identity
- Project
- Santa Fe Mine Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Resource scope
- Estimate type
- resource
- Effective date
- 2024-12-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:34d79629bbb0567fb009
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 48393000
- Grade
- 0.92
- Grade Unit
- g/t
- Contained Metal
- 1539000
- Contained Unit
- oz au eq
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Large Indicated resource at Santa Fe Mine.
Positive factors
- NI 43-101 compliant
Evidence · text
“Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq)”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedSanta Fe Mine Project · silverTonnes: 48393000Grade: 7.18Grade Unit: g/tView all detailsHide details
Identity
- Project
- Santa Fe Mine Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Resource scope
- Estimate type
- resource
- Effective date
- 2024-12-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:34d79629bbb0567fb009
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 48393000
- Grade
- 7.18
- Grade Unit
- g/t
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Silver component of Indicated resource.
Evidence · text
“48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSanta Fe Mine Project · goldTonnes: 16760000Grade: 0.74Grade Unit: g/tContained Metal: 411000Contained Unit: oz au eqView all detailsHide details
Identity
- Project
- Santa Fe Mine Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Resource scope
- Estimate type
- resource
- Effective date
- 2024-12-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:907ddec929d778c12a96
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 16760000
- Grade
- 0.74
- Grade Unit
- g/t
- Contained Metal
- 411000
- Contained Unit
- oz au eq
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Inferred resource component.
Negative factors
- Inferred category
Evidence · text
“Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredSanta Fe Mine Project · silverTonnes: 16760000Grade: 3.25Grade Unit: g/tView all detailsHide details
Identity
- Project
- Santa Fe Mine Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Resource scope
- Estimate type
- resource
- Effective date
- 2024-12-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:907ddec929d778c12a96
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 16760000
- Grade
- 3.25
- Grade Unit
- g/t
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Silver component of Inferred resource.
Negative factors
- Inferred category
Evidence · text
“16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.