Lahontan Drills 10.7m Grading 1.81 g/t Au and 64.8 g/t Ag, Completes Santa Fe Mine Stockpile Drill Program
Original announcement by globenewswire on
- Company
- Lahontan Gold Corp.
- Ticker
- LG
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Drill results, Other
- Extracted
- 2026-09-01 12:43:41 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lahontan Gold has completed a Sonic drilling program at the Santa Fe Mine stockpile, reporting intercepts such as 10.7m at 1.81 g/t Au and 64.8 g/t Ag. The results confirm mineralization grades are higher than anticipated, supporting the potential for low-cost heap leach reprocessing.
Reasoning: Drilling confirms gold and silver mineralization in a historic stockpile at grades higher than the 'low-grade' classification suggested, providing a low-cost reprocessing opportunity.
Positive factors
- higher than anticipated grades
- readily accessible stockpile
- amenable to heap leach
Negative factors
- some results previously reported
Facts used in scoring: 2
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: Release details specific QA/QC protocols including blanks, CRMs, and laboratory (AAL) details.
Evidence · text
“Lahontan conducts an industry standard QA/QC program”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program is evaluating historic stockpiles and pads to define resources for reprocessing.
Evidence · text
“evaluating historic heap leach pads and stockpiles to define gold and silver resources”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1Santa Fe Mine Project · goldGrade: 1.81Grade Unit: g/tIntercept: 10.7 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Santa Fe Mine Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 1.81
- Grade Unit
- g/t
- Intercept
- 10.7 m
Classification
- Sample Type
- drill
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: 1.81 g/t Au in a historic low-grade stockpile is a significant positive result for reprocessing economics.
Positive factors
- higher than anticipated grade
Evidence · text
“Lahontan Drills 10.7m Grading 1.81 g/t Au and 64.8 g/t Ag”
Fact 2Santa Fe Mine Project · silverGrade: 64.8Grade Unit: g/tIntercept: 10.7 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Santa Fe Mine Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 64.8
- Grade Unit
- g/t
- Intercept
- 10.7 m
Classification
- Sample Type
- drill
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: 64.8 g/t Ag accompanies the gold intercept, enhancing the value of the stockpile.
Positive factors
- significant silver mineralization
Evidence · text
“Lahontan Drills 10.7m Grading 1.81 g/t Au and 64.8 g/t Ag”
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.