Lahontan Drills 91m of 0.43 g/t Gold Oxide at Calvada, New Zone at Slab West

Lahontan Gold Corp. announced the first drill results from its 2026 program at the Santa Fe Mine Project in Nevada, highlighting a 91-meter intercept grading 0.43 grams per tonne gold oxide at the Calvada target and a new gold zone discovery at Slab West.

The company completed four diamond core holes totaling 953 meters for geotechnical data related to mine permitting, which also encountered significant gold mineralization. Additionally, five reverse-circulation holes totaling 1,530 meters identified a previously unrecognized gold zone west of the Slab open pit, which remains open in all directions. These results expand the known mineralization footprint and support ongoing feasibility work.

For gold and precious metals traders, exploration success at advanced-stage projects like Santa Fe can signal potential future supply additions, though near-term production impact is limited. The discovery of a new open zone suggests further resource growth, which may support the company's valuation. Traders can track gold price movements and their effect on mining equities using NowPrice's live gold dashboard.

Investors will watch for additional drill results from the 2026 program, as well as updates on mine permitting and feasibility studies. The Santa Fe project's proximity to existing infrastructure in Nevada's mining-friendly jurisdiction remains a key advantage. Further assays from the Slab West zone are expected to define the extent of the new discovery.