Lahontan Drills High Grade Oxide Gold from the Surface at West Santa Fe: 37m Grading 3.11 g/t Au Eq Including 11m Grading 5.75 g/t Au Eq

Original announcement by tmx on Feb 24, 2026

Bullish

Company: Lahontan Gold Corp.
Ticker: LG
Exchange: TSX
Region: Nevada
Primary commodity: Gold
Secondary commodities: Silver
Document categories: Drill results
Extracted: 2026-08-25 18:47:18 UTC

Minestarters Atlas analysis

Summary

Lahontan Gold Corp. has announced successful maiden RC drilling results at its West Santa Fe project in Nevada. The drilling confirmed high-grade oxide gold and silver mineralization, including an intercept of 36.6m at 3.11 g/t Au Eq, validating historic data and supporting potential for open-pit heap-leach mining.

Reasoning: Maiden RC drilling at West Santa Fe returned strong gold-equivalent grades that validate historic mineralization and confirm a high-grade core.

Positive factors

High-grade gold and silver intercepts from maiden RC drilling
Intercepts correlate with historic high-grade zones
QA/QC protocols clearly disclosed
Potential for low-cost open pit and heap leach mining

Negative factors

True width is only estimated (75-90% of drilled interval)

Facts used in scoring: 5

Atlas analysis — Lahontan Gold Corp.: Lahontan Drills High Grade Oxide Gold from the Surface at West Santa Fe: 37m Grading 3.11 g/t Au Eq Including 11m Grading 5.75 g/t Au Eq. 3.11 g/t Au Eq over 36.6 m

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, standards, and duplicates, and names American Assay Laboratories.

Evidence · text

“Lahontan conducts an industry standard QA/QC program for its core and RC drilling programs.”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The 1.52m intercept at 4.48 g/t Au and 648 g/t Ag represents a high-grade zone.

Evidence · text

“Individual intercepts range up to 12.04 g/t Au Eq (1.52m, 27.43 – 28.96m, 4.48 g/t Au, 648 g/t Ag).”

Extracted facts

Stored fact records: 5. Some facts used in scoring do not have a stored record.

Drill Results (5)

WSF25-04RWest Santa Fe · goldGrade: 3.11Grade Unit: g/t Au EqIntercept: 36.6 mView all details

Link to this fact

Identity

Hole ID: WSF25-04R
Project: West Santa Fe
Commodity: gold
Region: usa_nv
Reported Region: Nevada
Ticker: LG

Geometry

Grade: 3.11
Grade Unit: g/t Au Eq
Intercept: 36.6 m
From: 0 m
To: 36.6 m

Classification

Sample Type: drill
Group ID: WSF25-04R:0.0-36.6
Mining Method: open_pit

QA/QC

Laboratory: American Assay Laboratories
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-02-24T00:00:00.000Z

Reasoning: 36.6m at 3.11 g/t Au Eq is a robust maiden intercept.

Positive factors

Strong grade and width for maiden RC drilling

Evidence · text

“WSF25-04R: 36.6 metres (0.0 – 36.6m) grading 3.11 g/t Au Eq”

WSF25-04RWest Santa Fe · goldGrade: 5.75Grade Unit: g/t Au EqIntercept: 10.7 mView all details

Link to this fact

Identity

Hole ID: WSF25-04R
Project: West Santa Fe
Commodity: gold
Region: usa_nv
Reported Region: Nevada
Ticker: LG

Geometry

Grade: 5.75
Grade Unit: g/t Au Eq
Intercept: 10.7 m
From: 1.5 m
To: 12.2 m

Classification

Sample Type: drill
Group ID: WSF25-04R:1.5-12.2
Mining Method: open_pit

QA/QC

Laboratory: American Assay Laboratories
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-02-24T00:00:00.000Z

Reasoning: High-grade intercept within the main hole.

Positive factors

High-grade sub-interval

Evidence · text

“10.7 metres (1.5 – 12.2m) grading 5.75 g/t Au Eq”

WSF25-04RWest Santa Fe · goldGrade: 3.67Grade Unit: g/t Au EqIntercept: 12.2 mView all details

Link to this fact

Identity

Hole ID: WSF25-04R
Project: West Santa Fe
Commodity: gold
Region: usa_nv
Reported Region: Nevada
Ticker: LG

Geometry

Grade: 3.67
Grade Unit: g/t Au Eq
Intercept: 12.2 m
From: 22.9 m
To: 35.1 m

Classification

Sample Type: drill
Group ID: WSF25-04R:22.9-35.1
Mining Method: open_pit

QA/QC

Laboratory: American Assay Laboratories
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-02-24T00:00:00.000Z

Reasoning: Significant secondary intercept.

Positive factors

Secondary high-grade zone

Evidence · text

“12.2m (22.9 – 35.1m) grading 3.67 g/t Au Eq”

WSF25-04RWest Santa Fe · goldGrade: 4.48Grade Unit: g/t AuIntercept: 1.52 mView all details

Link to this fact

Identity

Hole ID: WSF25-04R
Project: West Santa Fe
Commodity: gold
Region: usa_nv
Reported Region: Nevada
Ticker: LG

Geometry

Grade: 4.48
Grade Unit: g/t Au
Intercept: 1.52 m
From: 27.43 m
To: 28.96 m

Classification

Sample Type: drill
Group ID: WSF25-04R:27.43-28.96
Mining Method: open_pit

QA/QC

Laboratory: American Assay Laboratories
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-02-24T00:00:00.000Z

Reasoning: High grade but narrow interval.

Positive factors

High grade intercept

Evidence · text

“12.04 g/t Au Eq (1.52m, 27.43 – 28.96m, 4.48 g/t Au, 648 g/t Ag)”

WSF25-04RWest Santa Fe · silverGrade: 648Grade Unit: g/t AgIntercept: 1.52 mView all details

Link to this fact

Identity

Hole ID: WSF25-04R
Project: West Santa Fe
Commodity: silver
Region: usa_nv
Reported Region: Nevada
Ticker: LG

Geometry

Grade: 648
Grade Unit: g/t Ag
Intercept: 1.52 m
From: 27.43 m
To: 28.96 m

Classification

Sample Type: drill
Group ID: WSF25-04R:27.43-28.96
Mining Method: open_pit

QA/QC

Laboratory: American Assay Laboratories
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-02-24T00:00:00.000Z

Reasoning: High silver grade in a narrow interval.

Positive factors

High silver grade

Evidence · text

“12.04 g/t Au Eq (1.52m, 27.43 – 28.96m, 4.48 g/t Au, 648 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.