Lahontan Announces 22% Increase in Mineral Resources at Santa Fe: 1,195,000 Au Eq oz Indicated, and 1,190,000 Au Eq oz Inferred
Original announcement by globenewswire on
- Company
- Lahontan Gold Corp.
- Ticker
- LG
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update
- Extracted
- 2026-08-20 17:30:57 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lahontan Gold has announced an updated Mineral Resource Estimate for the Santa Fe Mine in Nevada, reporting a 22% increase in total gold equivalent ounces. The update includes 1,195,000 oz Au Eq Indicated and 1,190,000 oz Au Eq Inferred, with significant growth noted in the shallow oxide deposits.
Reasoning: The update shows a substantial 22% increase in total gold equivalent ounces, driven by both project-wide growth and specific expansion in the oxide deposits.
Positive factors
- Significant tonnage and contained metal growth (22% increase)
- Expansion of shallow oxide resources (>37%)
- High-grade sulfide component identified
- QP/CP sign-off provided
Negative factors
- Large portion of resource remains in Inferred category
Facts used in scoring: 12
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Total resource ounces increased by 435,000 ounces or 22% over the 2024 MRE.
Evidence · text
“a total increase of 435,000 ounces or 22% over the 2024 MRE”
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: Michael S. Lindholm, C.P.G. and Thomas Dyer, PE are named as independent Qualified Persons.
Evidence · text
“The independent Qualified Persons responsible for the MRE disclosure... are Michael S. Lindholm, C.P.G., and Thomas Dyer, PE”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Cut-off grades of 0.10 g/t Au Eq for oxide/transitional and 0.30 g/t Au Eq for sulfide are stated.
Evidence · text
“Mineral resources are reported using a cut-off grade of 0.10 g/t Au Eq for oxide and transitional resources... and 0.30 g/t Au Eq for sulfide resources.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The MRE is classified in accordance with CIM Standards and a technical report will be filed per NI 43-101.
Evidence · text
“The MRE’s were classified in accordance with the 2014 CIM Definition Standards.”
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Resource Estimates (12)
indicatedgoldTonnes: 47532000Grade: 0.72Grade Unit: g/tContained Metal: 1195000Contained Unit: oz Au EqView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LG
Resource Data
- Category
- indicated
- Tonnes
- 47532000
- Grade
- 0.72
- Grade Unit
- g/t
- Contained Metal
- 1195000
- Contained Unit
- oz Au Eq
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Indicated resource shows strong scale and significant growth over the 2024 estimate.
Positive factors
- Significant tonnage and metal growth
Evidence · text
“Indicated Mineral Resources of 1,195,000 contained gold equivalent (“ Au Eq ”) ounces”
indicatedsilverTonnes: 47532000Grade: 5.55Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- LG
Resource Data
- Category
- indicated
- Tonnes
- 47532000
- Grade
- 5.55
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Silver grade is reported as part of the gold equivalent calculation.
Evidence · text
“47,532,000 tonnes grading 0.72 g/t Au and 5.55 g/t Ag”
inferredgoldTonnes: 60605000Grade: 0.59Grade Unit: g/tContained Metal: 1190000Contained Unit: oz Au EqView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LG
Resource Data
- Category
- inferred
- Tonnes
- 60605000
- Grade
- 0.59
- Grade Unit
- g/t
- Contained Metal
- 1190000
- Contained Unit
- oz Au Eq
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Large inferred component provides significant upside but lacks geological certainty.
Positive factors
- Large scale of inferred resource
Negative factors
- Inferred category carries higher geological risk
Evidence · text
“Inferred Mineral Resources of 1,190,000 contained Au Eq ounces”
inferredsilverTonnes: 60605000Grade: 2.4Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- LG
Resource Data
- Category
- inferred
- Tonnes
- 60605000
- Grade
- 2.4
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Silver grade reported for the inferred resource.
Evidence · text
“60,605,000 tonnes grading 0.59 g/t Au and 2.40 g/t Ag”
indicatedgoldTonnes: 12090000Grade: 0.33Grade Unit: g/t Au EqContained Metal: 128000Contained Unit: Au Eq ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LG
Resource Data
- Category
- indicated
- Tonnes
- 12090000
- Grade
- 0.33
- Grade Unit
- g/t Au Eq
- Contained Metal
- 128000
- Contained Unit
- Au Eq ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Strong growth in the shallow oxide deposits.
Positive factors
- Significant expansion (>37%) in oxide resources
Evidence · text
“Indicated oxide Resources for the two deposits total 12.09 Mt grading 0.33 g/t Au Eq for 128,000 Au Eq ounces”
inferredgoldTonnes: 8340000Grade: 0.36Grade Unit: g/t Au EqContained Metal: 96000Contained Unit: Au Eq ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LG
Resource Data
- Category
- inferred
- Tonnes
- 8340000
- Grade
- 0.36
- Grade Unit
- g/t Au Eq
- Contained Metal
- 96000
- Contained Unit
- Au Eq ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Growth in the oxide resource area.
Positive factors
- Expansion of oxide resources
Evidence · text
“Inferred oxide Resources total 8.34 Mt grading 0.36 g/t Au Eq for 96,000 Au Eq ounces”
indicatedgoldTonnes: 31150000Grade: 0.99Grade Unit: g/t Au EqContained Metal: 993000Contained Unit: Au Eq ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LG
Resource Data
- Category
- indicated
- Tonnes
- 31150000
- Grade
- 0.99
- Grade Unit
- g/t Au Eq
- Contained Metal
- 993000
- Contained Unit
- Au Eq ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Significant growth in the Santa Fe deposit specifically.
Positive factors
- Resource increase of over 26%
Evidence · text
“Indicated Mineral Resources of 31.15 Mt grading 0.99 g/t Au Eq totaling 993,000 Au Eq ounces”
inferredgoldTonnes: 41600000Grade: 0.71Grade Unit: g/t Au EqContained Metal: 954000Contained Unit: Au Eq ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LG
Resource Data
- Category
- inferred
- Tonnes
- 41600000
- Grade
- 0.71
- Grade Unit
- g/t Au Eq
- Contained Metal
- 954000
- Contained Unit
- Au Eq ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Substantial inferred resource in the Santa Fe deposit.
Positive factors
- Resource increase of over 26%
Evidence · text
“Inferred Mineral Resources of 41.60 Mt grading 0.71 g/t Au Eq totaling 954,000 Au Eq ounces”
indicatedgoldTonnes: 15900000Grade: 0.59Grade Unit: g/t Au EqView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LG
Resource Data
- Category
- indicated
- Tonnes
- 15900000
- Grade
- 0.59
- Grade Unit
- g/t Au Eq
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Indicated oxide component of the Santa Fe deposit.
Evidence · text
“Indicated oxide Resources for the Santa Fe deposit total 15.90 Mt grading 0.59 g/t Au Eq”
inferredgoldTonnes: 13180000Grade: 0.41Grade Unit: g/t Au EqView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LG
Resource Data
- Category
- inferred
- Tonnes
- 13180000
- Grade
- 0.41
- Grade Unit
- g/t Au Eq
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Inferred oxide component of the Santa Fe deposit.
Evidence · text
“Inferred oxide Resources total 13.18 Mt grading 0.41 g/t Au Eq”
indicatedgoldTonnes: 15250000Grade: 1.41Grade Unit: g/t Au EqContained Metal: 692000Contained Unit: Au Eq ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LG
Resource Data
- Category
- indicated
- Tonnes
- 15250000
- Grade
- 1.41
- Grade Unit
- g/t Au Eq
- Contained Metal
- 692000
- Contained Unit
- Au Eq ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: High-grade sulfide resource provides significant value.
Positive factors
- Higher grade sulfide portion
Evidence · text
“Indicated sulfide Resources for the Santa Fe deposit total 15.25 Mt grading 1.41 g/t Au Eq for 692,000 Au Eq ounces”
inferredgoldTonnes: 28420000Grade: 0.86Grade Unit: g/t Au EqContained Metal: 782000Contained Unit: Au Eq ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LG
Resource Data
- Category
- inferred
- Tonnes
- 28420000
- Grade
- 0.86
- Grade Unit
- g/t Au Eq
- Contained Metal
- 782000
- Contained Unit
- Au Eq ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Substantial inferred sulfide resource.
Positive factors
- Large scale sulfide resource
Evidence · text
“Inferred sulfide Resources total 28.42 Mt grading 0.86 g/t Au Eq for 782,000 Au Eq ounces”
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.