Lahontan Gold Corp. is accelerating development of its flagship Santa Fe Mine in Nevada with a strategic drill campaign focused on upgrading and expanding the project's shallow oxide reserve. The company is organizing a reverse-circulation drill rig to conduct a program of 25 drill holes totaling 4,000 meters, with particular attention to the York and Slab zones where previous drilling has shown extensive silver-gold potential in near-surface oxidation mineralization. This shift from broad resource definition to more technical groundwork represents significant progress in Santa Fe's path toward mineral exploitation, as the work precedes mine planning and permitting.
The reverse-circulation campaign is specifically designed to transform resources from the inferred to the indicated category while expanding the overall resource base. This technical advancement sets the company up for comprehensive economic and engineering evaluation in 2026, moving the project closer to production. The Santa Fe Mine is located within Nevada's Walker Lane trend, one of the world's most productive and mining-friendly regions. Lahontan Gold controls four gold and silver properties in Nevada through its U.S. subsidiaries, with three properties 100%-owned and one controlled via a low-cost option to acquire full ownership.
The company's focus on unlocking oxide gold and silver value from past-producing, infrastructure-rich projects provides a clear near-term path to production. For additional information about the company, investors can visit https://www.LahontanGoldCorp.com. The latest news and updates relating to the company are available in its newsroom at http://ibn.fm/LGCXF. The original article discussing this development can be viewed at https://ibn.fm/RKtBn.
This strategic drilling initiative represents a critical phase in the Santa Fe Mine's development timeline. By focusing on resource category upgrades and expansion in areas with demonstrated mineralization potential, Lahontan Gold is systematically advancing the project toward production readiness. The company's position within the established mining jurisdiction of Nevada's Walker Lane provides additional confidence in the project's development potential, as the region offers proven infrastructure and regulatory frameworks for mineral exploitation.
