Lahontan Drills 91m Grading 0.43 g/t Au Oxide at Calvada, Discovers New Gold Zone at Slab West
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, Other
- Extracted
- 2026-09-18 06:38:55 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lahontan Gold Corp. has announced significant drill results from its 2026 program at the Santa Fe Mine Project in Nevada. The program includes the discovery of a new, unconstrained gold mineralization zone at Slab West and geotechnical drilling at Calvada that intercepted gold below the existing pit shell.
Reasoning: The announcement reports a genuine discovery of a new mineralized zone (Slab West) and significant geotechnical/resource-extension intercepts at Calvada, both of which provide high novelty and expansion potential for the Santa Fe Mine Project.
Positive factors
- Discovery of a new gold zone (Slab West) that is unconstrained in all directions
- Drilling at Calvada confirmed mineralization below the current resource pit shell
- Robust QA/QC protocols disclosed including CRM and blanks
- Significant RC drilling results at Slab West
Facts used in scoring: 4
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Mineralization at Calvada was found below the current resource pit shell.
Evidence · text
“cut 90.8 metres (194.2 – 285.0 m) grading 0.44 g/t Au Eq oxide near the bottom and below the current resource pit shell”
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 laboratory names.
Evidence · text
“Lahontan conducts an industry standard QA/QC program for its core and RC drilling programs.”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The Slab West discovery is located west of the existing Slab open pit resource.
Evidence · text
“discovered a previously unrecognized zone of gold mineralization located west of the Slab open pit”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Drill Results (4)
CAL26-02CSanta Fe Mine · goldGrade: 0.44Grade Unit: g/tIntercept: 90.8 mView all detailsHide details
Identity
- Hole ID
- CAL26-02C
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- LG
Geometry
- Grade
- 0.44
- Grade Unit
- g/t
- Intercept
- 90.8 m
- From
- 194.2 m
- To
- 285 m
- Intercept Depth
- 194.2 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-02C:194.2-285
- Mining Method
- open_pit
Location
- Location
- Calvada
- Loc. Source
- document
QA/QC
- Laboratory
- American Assay Laboratories (AAL)
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Metal Eq. Grade
- 0.44
- Metal Eq. Unit
- g/t Au Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-09T00:00:00.000Z
Reasoning: Significant width and depth extension below the current pit shell.
Positive factors
- Intercept extends below the current resource pit shell
Evidence · text
“CAL26-02C... cut 90.8 metres (194.2 – 285.0 m) grading 0.44 g/t Au Eq oxide”
Tags used in scoring
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
CAL26-02CSanta Fe Mine · goldGrade: 1.22Grade Unit: g/tIntercept: 12.3 mView all detailsHide details
Identity
- Hole ID
- CAL26-02C
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- LG
Geometry
- Grade
- 1.22
- Grade Unit
- g/t
- Intercept
- 12.3 m
- From
- 212.4 m
- To
- 223.7 m
- Intercept Depth
- 212.4 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-02C:212.4-223.7
- Mining Method
- open_pit
Location
- Location
- Calvada
- Loc. Source
- document
QA/QC
- Laboratory
- American Assay Laboratories (AAL)
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Metal Eq. Grade
- 1.22
- Metal Eq. Unit
- g/t Au Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-09T00:00:00.000Z
Reasoning: High-grade sub-interval within the Calvada hole.
Positive factors
- High-grade interval within a larger intercept
Evidence · text
“12.3 metre interval (212.4 -223.7 m) of high-grade material: 1.22 g/t Au Eq”
Tags used in scoring
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
CAL26-03RSanta Fe Mine · goldGrade: 0.34Grade Unit: g/tIntercept: 35 mView all detailsHide details
Identity
- Hole ID
- CAL26-03R
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- LG
Geometry
- Grade
- 0.34
- Grade Unit
- g/t
- Intercept
- 35 m
- From
- 164.6 m
- To
- 199.6 m
- Intercept Depth
- 164.6 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-03R:164.6-199.6
- Mining Method
- open_pit
Location
- Location
- Slab West
- Loc. Source
- document
QA/QC
- Laboratory
- American Assay Laboratories (AAL)
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Metal Eq. Grade
- 0.34
- Metal Eq. Unit
- g/t Au Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-09T00:00:00.000Z
Reasoning: Significant width in a new discovery zone.
Positive factors
- Part of a new discovery zone
Evidence · text
“35.0 metres grading 0.34 g/t Au Eq (CAL26-03R; 164.6 – 199.6 m)”
Tags used in scoring
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
CAL26-01RSanta Fe Mine · goldGrade: 0.26Grade Unit: g/tIntercept: 61 mView all detailsHide details
Identity
- Hole ID
- CAL26-01R
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- LG
Geometry
- Grade
- 0.26
- Grade Unit
- g/t
- Intercept
- 61 m
- From
- 184.4 m
- To
- 245.4 m
- Intercept Depth
- 184.4 m
Classification
- Sample Type
- drill
- Group ID
- CAL26-01R:184.4-245.4
- Mining Method
- open_pit
Location
- Location
- Slab West
- Loc. Source
- document
QA/QC
- Laboratory
- American Assay Laboratories (AAL)
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Metal Eq. Grade
- 0.26
- Metal Eq. Unit
- g/t Au Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-09T00:00:00.000Z
Reasoning: Wide intercept contributing to the Slab West discovery.
Positive factors
- Significant width in a new discovery zone
Evidence · text
“61.0 metres grading 0.26 g/t Au Eq (CAL26-01R; 184.4 – 245.4 m)”
Tags used in scoring
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.