# Lahontan Announces CFO Transition on Anticipation of Santa Fe Mine Development

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lahontan-announces-cfo-transition-on-anticipation-of-santa-fe-mine-development--039a93b9-8fa0-4793-ac1c-4d7da715b5a6

Original source: https://orestocks.com/company/LG.V/press-releases/4801485514636565

Publisher: orestocks

Original announcement: 2026-09-10T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Lahontan Gold Corp.

- Ticker: LG

- Exchange: Unavailable

- Region: Nevada

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Resource update, Other, Drill results

- Extracted: 2026-09-10 11:59:40 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Lahontan Gold Corp. has appointed Billy Choi as its new Chief Financial Officer, effective October 2026. The transition occurs as the company advances permitting and development for the Santa Fe Mine project.

Reasoning: The announcement is a routine corporate administrative update regarding a CFO transition, though it provides context for upcoming mine development.

- Positive factor: Experienced CFO hire

- Positive factor: Strategic timing ahead of mine development

- Negative factor: Management transition

Facts used in scoring: 4

## Classification and evidence

**Resource Update**

Polarity: neutral

Story-specific tag

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document contains a restatement of the Santa Fe Mine Mineral Resource Estimate.

Evidence · text

> Current Resources: The Santa Fe Mine has a NI 43-101 compliant Indicated Mineral Resource...

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap\_leach route \("heap-leach"\)

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: the document describes a mill\_cil route \("CIP"\)

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Drill Results (2)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-announces-cfo-transition-on-anticipation-of-santa-fe-mine-development--039a93b9-8fa0-4793-ac1c-4d7da715b5a6#fact-drill-facts-1)

Santa Fe Mine · silver

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Santa Fe Mine
- Commodity: silver
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: LG

#### Geometry

- Grade: 5.55
- Grade Unit: g/t

#### Classification

- Sample Type: drill
- Group ID: Santa Fe:Indicated

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Metal Equivalent

- Metal Eq. Grade: 0.78
- Metal Eq. Unit: g/t Au Eq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t AuEq

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-10T00:00:00.000Z

Reasoning: Indicated resource component of the Santa Fe Mine.

- Positive factor: NI 43-101 compliant

Evidence · text

> 47,532,000 tonnes grading 0.72 g/t Au and 5.55 g/t Ag, together grading 0.78 g/t Au Eq

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-announces-cfo-transition-on-anticipation-of-santa-fe-mine-development--039a93b9-8fa0-4793-ac1c-4d7da715b5a6#fact-drill-facts-3)

Santa Fe Mine · silver

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Santa Fe Mine
- Commodity: silver
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: LG

#### Geometry

- Grade: 2.4
- Grade Unit: g/t

#### Classification

- Sample Type: drill
- Group ID: Santa Fe:Inferred

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Metal Equivalent

- Metal Eq. Grade: 0.61
- Metal Eq. Unit: g/t Au Eq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t AuEq

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-10T00:00:00.000Z

Reasoning: Inferred resource component of the Santa Fe Mine.

- Positive factor: NI 43-101 compliant

- Negative factor: Inferred category

Evidence · text

> 60,605,000 tonnes grading 0.59 g/t Au and 2.40 g/t Ag, together grading 0.61 g/t Au Eq

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

## Resource Estimates (2)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-announces-cfo-transition-on-anticipation-of-santa-fe-mine-development--039a93b9-8fa0-4793-ac1c-4d7da715b5a6#fact-resource-facts-0)

Santa Fe Mine · gold

#### Identity

- Project: Santa Fe Mine
- Commodity: gold
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: LG

#### Resource Data

- Category: indicated
- Tonnes: 47532000
- Grade: 0.72
- Grade Unit: g/t
- Cutoff Grade: 0.1

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-10T00:00:00.000Z

Reasoning: Indicated resource component of the Santa Fe Mine.

- Positive factor: NI 43-101 compliant

Evidence · text

> Indicated Mineral Resource of 1,195,000 oz Au Eq \(47,532,000 tonnes grading 0.72 g/t Au and 5.55 g/t Ag, together grading 0.78 g/t Au Eq\)

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-announces-cfo-transition-on-anticipation-of-santa-fe-mine-development--039a93b9-8fa0-4793-ac1c-4d7da715b5a6#fact-resource-facts-2)

Santa Fe Mine · gold

#### Identity

- Project: Santa Fe Mine
- Commodity: gold
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: LG

#### Resource Data

- Category: inferred
- Tonnes: 60605000
- Grade: 0.59
- Grade Unit: g/t
- Cutoff Grade: 0.1

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-10T00:00:00.000Z

Reasoning: Inferred resource component of the Santa Fe Mine.

- Positive factor: NI 43-101 compliant

- Negative factor: Inferred category

Evidence · text

> Inferred Mineral Resource of 1,190,000 oz Au Eq \(60,605,000 tonnes grading 0.59 g/t Au and 2.40 g/t Ag, together grading 0.61 g/t Au Eq\)

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

## 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.