Lahontan Drills 12.2m Grading 1.25 g/t Au Oxide at Calvada East
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
- 2026-08-20 18:57:36 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lahontan Gold reported significant drill results from its Santa Fe Mine Project, including the first gold mineralization hosted in Tertiary volcanic rocks along the Summit Fault. The program also identified high-grade oxide mineralization at Calvada East and broad oxide gold-silver intervals at the Slab West exploration target.
Reasoning: The results establish a new exploration target in previously untested Tertiary volcanic rocks and show high-grade oxide intercepts at Calvada East.
Positive factors
- new exploration target along Summit Fault
- first significant gold in Tertiary volcanic rocks
- high-grade oxide mineralization at Calvada East
Facts used in scoring: 9
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 includes detailed QA/QC protocols, including blanks, CRMs, and duplicate sampling.
Evidence · text
“Lahontan conducts an industry standard QA/QC program for its core and RC drilling programs.”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The CAL26-11R intercept establishes a new exploration target along the Summit Fault in previously untested volcanic rocks.
Evidence · text
“establishes a new exploration target along the Summit Fault.”
Extracted facts
Stored fact records: 9. Some facts used in scoring do not have a stored record.
Drill Results (9)
CAL26-12RSanta Fe Mine Project · goldGrade: 1.25Grade Unit: g/tIntercept: 12.2 mView all detailsHide details
Identity
- Hole ID
- CAL26-12R
- Project
- Santa Fe Mine Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 1.25
- Grade Unit
- g/t
- Intercept
- 12.2 m
- From
- 166.1 m
- To
- 178.3 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-12R:166.1-178.3
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-05T00:00:00.000Z
Reasoning: 1.25 g/t Au over 12.2m is a solid oxide intercept near the current pit shell.
Positive factors
- high-grade oxide mineralization
Evidence · text
“CAL26-12R... intersected 12.2 metres (166.1 – 178.3m) grading 1.26 g/t Au Eq oxide (1.25 g/t Au, 0.8 g/t Ag)”
CAL26-12RSanta Fe Mine Project · silverGrade: 0.8Grade Unit: g/tIntercept: 12.2 mView all detailsHide details
Identity
- Hole ID
- CAL26-12R
- Project
- Santa Fe Mine Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 0.8
- Grade Unit
- g/t
- Intercept
- 12.2 m
- From
- 166.1 m
- To
- 178.3 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-12R:166.1-178.3
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-05T00:00:00.000Z
Reasoning: Silver is reported as a byproduct credit.
Evidence · text
“1.26 g/t Au Eq oxide (1.25 g/t Au, 0.8 g/t Ag)”
CAL26-12RSanta Fe Mine Project · goldGrade: 3.29Grade Unit: g/tIntercept: 1.5 mView all detailsHide details
Identity
- Hole ID
- CAL26-12R
- Project
- Santa Fe Mine Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 3.29
- Grade Unit
- g/t
- Intercept
- 1.5 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-12R:166.1-178.3
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-05T00:00:00.000Z
Reasoning: High-grade 1.5m sample within the larger intercept.
Positive factors
- high-grade sub-interval
Evidence · text
“individual 1.5 metre samples ranging up to 3.29 g/t Au”
CAL26-11RSanta Fe Mine Project · goldGrade: 1.01Grade Unit: g/tIntercept: 13.7 mView all detailsHide details
Identity
- Hole ID
- CAL26-11R
- Project
- Santa Fe Mine Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 1.01
- Grade Unit
- g/t
- Intercept
- 13.7 m
- From
- 176.8 m
- To
- 190.5 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-11R:176.8-190.5
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-05T00:00:00.000Z
Reasoning: Significant discovery potential as it establishes a new target in previously untested volcanic rocks.
Positive factors
- new exploration target
- first significant gold in Tertiary volcanic rocks
Evidence · text
“CAL26-11R... intersected 13.7 metres (176.8 – 190.5m) grading 1.10 g/t Au Eq (1.01 g/t Au, 7.1 g/t Ag)”
CAL26-11RSanta Fe Mine Project · silverGrade: 7.1Grade Unit: g/tIntercept: 13.7 mView all detailsHide details
Identity
- Hole ID
- CAL26-11R
- Project
- Santa Fe Mine Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 7.1
- Grade Unit
- g/t
- Intercept
- 13.7 m
- From
- 176.8 m
- To
- 190.5 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-11R:176.8-190.5
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-05T00:00:00.000Z
Reasoning: Silver byproduct credit in a new target zone.
Evidence · text
“1.10 g/t Au Eq (1.01 g/t Au, 7.1 g/t Ag)”
CAL26-13RSanta Fe Mine Project · goldGrade: 0.19Grade Unit: g/tIntercept: 35.1 mView all detailsHide details
Identity
- Hole ID
- CAL26-13R
- Project
- Santa Fe Mine Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 0.19
- Grade Unit
- g/t
- Intercept
- 35.1 m
- From
- 57.9 m
- To
- 93 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-13R:57.9-93.0
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-05T00:00:00.000Z
Reasoning: Low grade but broad interval at a new exploration target (Slab West).
Positive factors
- broad interval
Evidence · text
“CAL26-13R intercepted 35.1m (57.9 – 93.0m) of shallow mineralization grading 0.21 g/t Au Eq (0.19 g/t Au, 1.5 g/t Ag)”
CAL26-13RSanta Fe Mine Project · silverGrade: 1.5Grade Unit: g/tIntercept: 35.1 mView all detailsHide details
Identity
- Hole ID
- CAL26-13R
- Project
- Santa Fe Mine Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 1.5
- Grade Unit
- g/t
- Intercept
- 35.1 m
- From
- 57.9 m
- To
- 93 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-13R:57.9-93.0
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-05T00:00:00.000Z
Reasoning: Silver byproduct credit.
Evidence · text
“0.21 g/t Au Eq (0.19 g/t Au, 1.5 g/t Ag)”
CAL26-15RSanta Fe Mine Project · goldGrade: 0.21Grade Unit: g/tIntercept: 18.3 mView all detailsHide details
Identity
- Hole ID
- CAL26-15R
- Project
- Santa Fe Mine Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 0.21
- Grade Unit
- g/t
- Intercept
- 18.3 m
- From
- 144.8 m
- To
- 163.1 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-15R:144.8-163.1
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-05T00:00:00.000Z
Reasoning: Low grade intercept at Slab West target.
Evidence · text
“CAL26-15R cut 18.3m (144.8 – 163.1m) grading 0.22 g/t Au Eq (0.21 g/t Au, 0.8 g/t Ag)”
CAL26-15RSanta Fe Mine Project · silverGrade: 0.8Grade Unit: g/tIntercept: 18.3 mView all detailsHide details
Identity
- Hole ID
- CAL26-15R
- Project
- Santa Fe Mine Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 0.8
- Grade Unit
- g/t
- Intercept
- 18.3 m
- From
- 144.8 m
- To
- 163.1 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-15R:144.8-163.1
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-05T00:00:00.000Z
Reasoning: Silver byproduct credit.
Evidence · text
“0.22 g/t Au Eq (0.21 g/t Au, 0.8 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.