Lahontan Drills 9.9m Grading 2.40 g/t Au and 50.7 g/t Ag in Santa Fe Mine Stockpile
Original announcement by tmx on
- Company
- Lahontan Gold Corp.
- Ticker
- LG
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Drill results
- Extracted
- 2026-09-18 06:32:42 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lahontan Gold Corp. has reported the first results from its 2026 Sonic drilling program at the Santa Fe Mine in Nevada. The results from a historic 'low-grade' stockpile show grades of 2.40 g/t Au and 50.7 g/t Ag over 9.9m, which are significantly higher than previously anticipated.
Reasoning: The drill results confirm higher-than-expected grades in a historic stockpile, providing a potential low-cost feed source for future reprocessing.
Positive factors
- Grades significantly higher than anticipated for a 'low-grade' stockpile
- Confirms mineralization in accessible historic heap leach pads/stockpiles
- Suggests material is amenable to conventional heap leach processing
- QA/QC protocols and certified lab (AAL) disclosed
Facts used in scoring: 2
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release includes detailed QA/QC protocols, including CRM insertion rates and use of blanks.
Evidence · text
“Lahontan conducts an industry standard QA/QC program for its core, Sonic, and RC drilling programs.”
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: Document states true thickness is approximately 100% of the drilled interval for vertical holes.
Evidence · text
“All drill holes are vertical, true thickness of the intercepts are approximately 100% of the drilled interval.”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1Santa Fe Mine · goldGrade: 2.4Grade Unit: g/tIntercept: 9.9 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- LG
Geometry
- Grade
- 2.4
- Grade Unit
- g/t
- Intercept
- 9.9 m
- True Width
- 9.9 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- unknown:0-9.9
- Mining Method
- open_pit
Location
- Location
- Santa Fe Mine Stockpile
- Dip
- -90 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-23T00:00:00.000Z
Reasoning: High-grade intercept in a previously classified low-grade stockpile.
Positive factors
- Grade is higher than anticipated for this stockpile
Evidence · text
“9.9m Grading 2.40 g/t Au and 50.7 g/t Ag in Santa Fe Mine Stockpile”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 9.9
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 2Santa Fe Mine · silverGrade: 50.7Grade Unit: g/tIntercept: 9.9 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- LG
Geometry
- Grade
- 50.7
- Grade Unit
- g/t
- Intercept
- 9.9 m
- True Width
- 9.9 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- unknown:0-9.9
- Mining Method
- open_pit
Location
- Location
- Santa Fe Mine Stockpile
- Dip
- -90 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- Laboratory
- American Assay Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-23T00:00:00.000Z
Reasoning: Strong silver grade accompanying the gold intercept.
Positive factors
- Significant silver mineralization confirmed
Evidence · text
“9.9m Grading 2.40 g/t Au and 50.7 g/t Ag”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 9.9
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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.