Lahontan Santa Fe Mine Development and Exploration Update
Lahontan Gold (TSX.V: LG)
Provided an update on mine development and exploration activities at its flagship Santa Fe Mine Project located in mining friendly Nevada’s Walker Lane.
Highlights include an updated MRE expected within weeks, and a revised PEA targeted for completion by the end of August 2026.
.
Santa Fe vista – With kind permission of Lahontan Gold
.
| Lahontan Gold | TSX.V: LG | |
| Stage | Exploration / Development | |
| Metals | Gold | |
| Market cap | C$154m @ C$0.36 | |
| Location | Nevada | |
| Website | www.lahontangoldcorp.com |
.
LAHONTAN PROVIDES SANTA FE MINE DEVELOPMENT and EXPLORATION
UPDATE
Toronto Ontario, June 30, 2026 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the “Company” or “Lahontan”) is pleased to provide an update on mine development and exploration activities at its flagship Santa Fe Mine Project located in mining friendly Nevada’s Walker Lane.
Highlights:
• Updated MRE expected within weeks.
• Revised PEA targeted for completion by the end of August 2026.
• 87 drill holes (7,751 m) completed year-to-date.
• New Slab West discovery remains open in all directions.
• Historic heap leach pad drilling underway to evaluate potential reprocessing
The mine permitting team continues to make timely progress on the waste rock geochemical characterization program and ground water modeling, part of the Nevada state mine permitting process.
The preparation of an updated Mineral Resource Estimate (“MRE”) for Santa Fe is nearly complete, a crucial step in developing an open pit mine plan for the restart of gold and silver production at the project.
With an updated MRE, the Company will also complete a revised Preliminary Economic Assessment (“PEA”), which will include detailed description of key mine infrastructure including heap leach pads, open pits, and locations for waste rock storage.
With the PEA in hand, the Company will be able to submit a Mine Plan of Operations (“MPOO”) to the Federal Bureau of Land Management (“BLM”).
Despite the fluid nature of Federal and State mine permitting, Lahontan remains on track for breaking ground at the Santa Fe Mine Project in 2027.
.
Kimberly Ann, Lahontan Gold Corp. Chair, CEO, President, and Founder commented:
“The pace of activity at Santa Fe continues to accelerate:
“We are advancing permitting activities, making new gold and silver discoveries, while evaluating the economic potential of reprocessing the historic heap leach pads,
potentially producing very significant and low-cost recoverable ounces.
“Lahontan has completed 87 drill holes totaling 7,751 metres so far in 2026 with more to come.
“We remain on track to break ground in 2027:
“The Santa Fe Mine is a classic brownfields restart, leveraging existing infrastructure and technical knowledge allowing us to restart production at lower capital cost, on a shorter development timeline, and with a substantially lower execution risk than a comparable greenfield project, benefiting all stakeholders.”
.
——-
.
The live Spot gold price can be found HERE
.
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
Disclosure
At the time of writing the author holds shares in Lahontan Gold.
.