# Lahontan to Drill Historic Santa Fe Heap Leach Pads for Residual Gold & Silver Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lahontan-to-drill-historic-santa-fe-heap-leach-pads-for-residual-gold-silver--7c9eec72-8ed5-42d6-8f7a-ee53187893d2 Original source: https://money.tmx.com/en/quote/LG/news/6715739931558123/lahontan-to-drill-historic-santa-fe-heap-leach-pads-for-residual-gold-silver Publisher: tmx Original announcement: 2026-04-20T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Lahontan Gold Corp. - Ticker: LG - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Drill results, Resource update - Extracted: 2026-08-25 18:42:57 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Lahontan Gold Corp. plans to commence a 95-hole sonic drill program to evaluate residual gold and silver within historic heap leach pads at the Santa Fe Gold Mine in Nevada. The program aims to potentially define a new Inferred mineral resource from material that is already crushed and requires no stripping. Reasoning: The announcement of a new drill program to evaluate historic heap leach pads for residual gold and silver represents a significant exploration upside with low-cost reprocessing potential. - Positive factor: exploration of low-cost residual material - Positive factor: potential for resource expansion - Positive factor: existing infrastructure \(crushed material\) - Negative factor: pending permits for drilling Facts used in scoring: 5 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document restates the existing Santa Fe Mineral Resource to provide context for the new drill program. Evidence · text > The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The document explicitly states the mineral resource is NI 43-101 compliant. Evidence · text > The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Brian J. Maher is named as the Qualified Person who has reviewed and approved the content. Evidence · text > Qualified Person Brian J. Maher, M.Sc., CPG-12342, is a “Qualified Person” as defined under Canadian National Instrument 43-101 ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-to-drill-historic-santa-fe-heap-leach-pads-for-residual-gold-silver--7c9eec72-8ed5-42d6-8f7a-ee53187893d2#fact-drill-facts-0) #### Identity - Ticker: LG #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-20T00:00:00.000Z Reasoning: Planned drill program to test historic pads. - Positive factor: defined drill density ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-to-drill-historic-santa-fe-heap-leach-pads-for-residual-gold-silver--7c9eec72-8ed5-42d6-8f7a-ee53187893d2#fact-drill-facts-1) gold #### Identity - Commodity: gold - Ticker: LG #### Geometry - Grade: 0.92 - Grade Unit: g/t #### Classification - Group ID: Santa-Fe-Indicated #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-20T00:00:00.000Z Reasoning: Existing indicated resource component. - Positive factor: large tonnage - Positive factor: indicated category Evidence · table > 0.92 Context: 48.393 ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-to-drill-historic-santa-fe-heap-leach-pads-for-residual-gold-silver--7c9eec72-8ed5-42d6-8f7a-ee53187893d2#fact-drill-facts-2) silver #### Identity - Commodity: silver - Ticker: LG #### Geometry - Grade: 7.18 - Grade Unit: g/t #### Classification - Group ID: Santa-Fe-Indicated #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-20T00:00:00.000Z Reasoning: Existing indicated resource component. Evidence · table > 7.18 Context: 48.393 ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-to-drill-historic-santa-fe-heap-leach-pads-for-residual-gold-silver--7c9eec72-8ed5-42d6-8f7a-ee53187893d2#fact-drill-facts-3) gold #### Identity - Commodity: gold - Ticker: LG #### Geometry - Grade: 0.74 - Grade Unit: g/t #### Classification - Group ID: Santa-Fe-Inferred #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-20T00:00:00.000Z Reasoning: Existing inferred resource component. - Negative factor: inferred category Evidence · table > 0.74 Context: 16.760 ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/lahontan-to-drill-historic-santa-fe-heap-leach-pads-for-residual-gold-silver--7c9eec72-8ed5-42d6-8f7a-ee53187893d2#fact-drill-facts-4) silver #### Identity - Commodity: silver - Ticker: LG #### Geometry - Grade: 3.25 - Grade Unit: g/t #### Classification - Group ID: Santa-Fe-Inferred #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-20T00:00:00.000Z Reasoning: Existing inferred resource component. - Negative factor: inferred category Evidence · table > 3.25 Context: 16.760 ## 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.