Lahontan Drills 9.9m Grading 2.40 g/t Au and 50.7 g/t Ag in Santa Fe Mine Stockpile
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 20:31:42 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lahontan Gold has reported the first drill results from its 2026 Sonic drilling program at the Santa Fe Mine, targeting historic heap leach pads and stockpiles. The results show a 9.9m intercept grading 2.40 g/t Au and 50.7 g/t Ag, which is significantly higher than the anticipated grades for this 'low-grade' stockpile.
Reasoning: The drill results confirm higher-than-expected gold and silver grades in a historic stockpile, providing a low-cost reprocessing opportunity.
Positive factors
- Grades higher than anticipated for a low-grade stockpile
- Confirms mineralization in historic heap leach pads
- Amenable to conventional heap leach processing
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 insertion rates of blanks and CRMs and names American Assay Laboratories.
Evidence · text
“The QA/QC program consisted of the insertion of coarse blanks and Certified Reference Materials (CRM)”
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: Document states true thickness is approximately 100% of drilled interval.
Evidence · text
“true thickness of the intercepts are approximately 100% of the drilled interval”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1Santa Fe Mine · goldGrade: 2.4Grade Unit: g/tIntercept: 9.9 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 2.4
- Grade Unit
- g/t
- Intercept
- 9.9 m
- True Width
- 9.9 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- null:0-9.9
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories (AAL)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-23T00:00:00.000Z
Reasoning: 2.40 g/t Au is noted as being substantially higher than anticipated for this historic low-grade stockpile.
Positive factors
- Grade higher than anticipated for stockpile
Evidence · text
“9.9m Grading 2.40 g/t Au and 50.7 g/t Ag”
Fact 2Santa Fe Mine · silverGrade: 50.7Grade Unit: g/tIntercept: 9.9 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Geometry
- Grade
- 50.7
- Grade Unit
- g/t
- Intercept
- 9.9 m
- True Width
- 9.9 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- null:0-9.9
- Mining Method
- open_pit
QA/QC
- Laboratory
- American Assay Laboratories (AAL)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-23T00:00:00.000Z
Reasoning: Silver grade accompanies high gold grade in a confirmed mineralized stockpile.
Positive factors
- Confirms silver mineralization in stockpile
Evidence · text
“9.9m Grading 2.40 g/t Au and 50.7 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.