# Lahontan Mobilizes Drill Rig to West Santa Fe, Grants Stock Options

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lahontan-mobilizes-drill-rig-to-west-santa-fe-grants-stock-options--125b07fc-c769-4c34-bf1b-c96239a2e9ed

Original source: https://www.globenewswire.com/news-release/2026/09/21/3365456/0/en/lahontan-mobilizes-drill-rig-to-west-santa-fe-grants-stock-options.html

Publisher: globenewswire

Original announcement: 2026-09-21T00:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Lahontan Gold Corp.

- Ticker: LG

- Exchange: Unavailable

- Region: Nevada

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Drill results, Resource update, Other

- Extracted: 2026-09-21 12:37:37 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Lahontan Gold Corp. has mobilized a reverse-circulation drill rig to its West Santa Fe project in Nevada for a 3,500-metre drilling program targeting gold and silver resource definition. The company also provided updated resource figures for its flagship Santa Fe Mine and announced a grant of 3,000,000 stock options to officers and consultants.

Reasoning: The announcement focuses on mobilizing a new drilling campaign at the West Santa Fe project to support resource definition, while also providing a summary of existing resource status at the flagship Santa Fe Mine.

- Positive factor: Mobilization of new RC drill rig for West Santa Fe

- Positive factor: Successful maiden drilling in 2025 confirmed high-grade mineralization

- Positive factor: Existing Indicated and Inferred resources at flagship Santa Fe Mine

Facts used in scoring: 4

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The drilling program is explicitly focused on resource definition and step-out targets.

Evidence · text

> focused on gold and silver resource definition and step-out targets

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release mentions a Qualified Person \(Brian J. Maher\) has verified the sampling, analytical and test data.

Evidence · text

> has verified the data disclosed in this news release, including the sampling, analytical and test data underlying the disclosure

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The document reports an Inferred Mineral Resource for the Santa Fe Mine.

Evidence · text

> an Inferred Mineral Resource of 1,190,000 oz Au Eq

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The document reports an Indicated Mineral Resource for the Santa Fe Mine.

Evidence · text

> an Indicated Mineral Resource of 1,195,000 oz Au Eq

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The source explicitly discloses a revised resource estimate

Evidence · text

> Updated Mineral Resource Estimate

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Drill Results (2)

### WSF25-04R

[Link to this fact](https://atlas-extractions.minestarters.com/news/lahontan-mobilizes-drill-rig-to-west-santa-fe-grants-stock-options--125b07fc-c769-4c34-bf1b-c96239a2e9ed#fact-drill-facts-0)

West Santa Fe · gold

#### Identity

- Hole ID: WSF25-04R
- Project: West Santa Fe
- Commodity: gold
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: LG

#### Geometry

- Grade: 1.47
- Grade Unit: g/t
- Intercept: 36.6 m
- From: 0 m
- To: 36.6 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: WSF25-04R:0-36.6
- Mining Method: open\_pit

#### Location

- Location: surface
- Loc. Source: document

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: Historical/maiden drill result reported as context for the new program.

- Positive factor: High-grade gold mineralization confirmed from surface

Evidence · text

> 36.6 metres grading 3.11 g/t AuEq \(1.47 g/t Au and 140.1 g/t Ag\) from surface in drill hole WSF25-04R

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### WSF25-04R

[Link to this fact](https://atlas-extractions.minestarters.com/news/lahontan-mobilizes-drill-rig-to-west-santa-fe-grants-stock-options--125b07fc-c769-4c34-bf1b-c96239a2e9ed#fact-drill-facts-1)

West Santa Fe · silver

#### Identity

- Hole ID: WSF25-04R
- Project: West Santa Fe
- Commodity: silver
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: LG

#### Geometry

- Grade: 140.1
- Grade Unit: g/t
- Intercept: 36.6 m
- From: 0 m
- To: 36.6 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: WSF25-04R:0-36.6
- Mining Method: open\_pit

#### Location

- Location: surface
- Loc. Source: document

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: Historical/maiden drill result reported as context for the new program.

- Positive factor: High-grade silver mineralization confirmed from surface

Evidence · text

> 140.1 g/t Ag

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## Resource Estimates (2)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/lahontan-mobilizes-drill-rig-to-west-santa-fe-grants-stock-options--125b07fc-c769-4c34-bf1b-c96239a2e9ed#fact-resource-facts-2)

Santa Fe Mine · gold

#### Identity

- Project: Santa Fe Mine
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: LG

#### Resource scope

- Estimate type: resource
- Effective date: 2026-08-13T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Brian J. Maher
- Resource group id: resource:d7e6188d8a888697b6b8
- Deposit or zone: Santa Fe Mine
- Mining method: open\_pit
- Material type: oxide
- Resource basis: attributable

#### Resource Data

- Category: indicated
- Tonnes: 47532000
- Grade: 0.72
- Grade Unit: g/t
- Contained Metal: 1195000
- Contained Unit: oz au eq

#### Prior Estimate

- Resource Date: 2026-08-13

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: Summary of existing resource for the flagship project.

- Positive factor: NI 43-101 compliant Indicated resource

Evidence · text

> Santa Fe Mine has a NI 43-101 compliant Indicated Mineral Resource of 1,195,000 oz Au Eq \(47,532,000 tonnes grading 0.72 g/t Au and 5.55 g/t Ag, together grading 0.78 g/t Au Eq\)

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/lahontan-mobilizes-drill-rig-to-west-santa-fe-grants-stock-options--125b07fc-c769-4c34-bf1b-c96239a2e9ed#fact-resource-facts-3)

Santa Fe Mine · gold

#### Identity

- Project: Santa Fe Mine
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: LG

#### Resource scope

- Estimate type: resource
- Effective date: 2026-08-13T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Brian J. Maher
- Resource group id: resource:bdde201c0052aaf8abad
- Deposit or zone: Santa Fe Mine
- Mining method: open\_pit
- Material type: oxide
- Resource basis: attributable

#### Resource Data

- Category: inferred
- Tonnes: 60605000
- Grade: 0.59
- Grade Unit: g/t
- Contained Metal: 1190000
- Contained Unit: oz au eq

#### Prior Estimate

- Resource Date: 2026-08-13

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: Summary of existing resource for the flagship project.

- Negative factor: Inferred resource component

Evidence · text

> an Inferred Mineral Resource of 1,190,000 oz Au Eq \(60,605,000 tonnes grading 0.59 g/t Au and 2.40 g/t Ag, together grading 0.61 g/t Au Eq\)

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

## 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.