# Lahontan Mobilizes Drill Rig to West Santa Fe, Grants Stock Options Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lahontan-mobilizes-drill-rig-to-west-santa-fe-grants-stock-options--36e7539c-fe61-4ac4-94f6-a483db2fed61 Original source: https://www.globenewswire.com/news-release/2026/09/21/3365456/0/en/lahontan-mobilizes-drill-rig-to-west-santa-fe-grants-stock-options.html Publisher: globenewswire Original announcement: 2026-09-21T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-21T12:34:22.872Z Atlas analysis updated: 2026-09-21T12:34:22.872Z - Company: Lahontan Gold Corp. - Ticker: LG - Exchange: Unavailable - Region: Nevada - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Drill results, Other - Extracted: 2026-09-21 12:34:23 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Lahontan Gold has mobilized a reverse-circulation drill rig to its West Santa Fe Project in Nevada to conduct 3,500 metres of drilling for gold and silver resource definition. The company also announced the granting of 3,000,000 stock options to officers and consultants. Reasoning: The announcement focuses on the mobilization of a drill rig for exploration/resource definition at West Santa Fe, which is a routine but positive operational update. It also includes a secondary corporate update regarding stock options. - Positive factor: mobilization of drill rig for resource definition - Positive factor: successful maiden drilling campaign in 2025 - Positive factor: step-out targets identified Facts used in scoring: 2 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The drilling program is focused on resource definition and step-out targets. Evidence · text > focused on gold and silver resource definition and step-out targets ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### WSF25-04R [Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-mobilizes-drill-rig-to-west-santa-fe-grants-stock-options--36e7539c-fe61-4ac4-94f6-a483db2fed61#fact-drill-facts-0) West Santa Fe · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: WSF25-04R - Project: West Santa Fe - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: LG #### Geometry - Grade: 1.47 - Grade Unit: g/t - Intercept: 36.6 m - From: 0 m - To: 36.6 m - Intercept Depth: 0 m #### Classification - Program: resource - Sample Type: drill - Group ID: WSF25-04R:0-36.6 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-24T00:00:00.000Z #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: Historical intercept reported as part of context for the new drilling program. - Positive factor: high-grade gold mineralization Evidence · text > 36.6 metres grading 3.11 g/t AuEq \(1.47 g/t Au and 140.1 g/t Ag\) from surface in drill hole WSF25-04R #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "We expect results from this program later in 2026.” West Santa Fe is located approximately 13 kilometres from Lahontan’s" ### WSF25-04R [Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-mobilizes-drill-rig-to-west-santa-fe-grants-stock-options--36e7539c-fe61-4ac4-94f6-a483db2fed61#fact-drill-facts-1) West Santa Fe · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: WSF25-04R - Project: West Santa Fe - Commodity: silver - Region: usa\_nv - Reported Region: usa\_nv - Ticker: LG #### Geometry - Grade: 140.1 - Grade Unit: g/t - Intercept: 36.6 m - From: 0 m - To: 36.6 m - Intercept Depth: 0 m #### Classification - Program: resource - Sample Type: drill - Group ID: WSF25-04R:0-36.6 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-24T00:00:00.000Z #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: Historical intercept reported as part of context for the new drilling program. - Positive factor: high-grade silver mineralization Evidence · text > 36.6 metres grading 3.11 g/t AuEq \(1.47 g/t Au and 140.1 g/t Ag\) from surface in drill hole WSF25-04R #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "We expect results from this program later in 2026.” West Santa Fe is located approximately 13 kilometres from Lahontan’s" ## 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.