Lahontan Gold Corp. reports developments tied to its Nevada gold-silver exploration and mine-development portfolio. Company updates center on the Santa Fe Mine Project and the nearby West Santa Fe project in the Walker Lane, including reverse-circulation and sonic drilling, assay results, oxide mineralization, heap-leach pad evaluation, metallurgical recovery testing, permitting activity, and mineral-resource work.
Recurring news also covers capital-structure actions such as warrant acceleration, board composition changes, and technical disclosures prepared under Canadian mining standards. The company’s releases focus on advancing past-producing open-pit, heap-leach gold and silver assets and documenting exploration, processing, and project-development progress.
Lahontan Gold (LGCXF) announced an updated preliminary economic assessment for its Santa Fe project with base-case post-tax value of US$820 million.
The net present value uses a 5% discount rate and assumes gold at US$3,600/oz and silver at US$49/oz. The assessment projects a 40.1% post-tax internal rate of return, US$1,317.7 million in after-tax net cash flow and US$3,680.1 million in revenue. The plan covers 11 active mining years followed by one year of residual leaching, with approximately 91,900 gold-equivalent ounces of average annual production. Estimated pre-production capital is US$172.0 million, with base-case payback of 3.68 years.
Environmental baseline studies are complete; Lahontan expects construction permits in 2027. The assessment is preliminary, includes inferred resources and has no certainty of realization. No mineral reserves have been defined at Santa Fe.
Lahontan Gold (LGCXF) has mobilized a track‑mounted reverse‑circulation drill rig to its West Santa Fe Project in Nevada’s Walker Lane for a 3,500‑metre, 20‑hole program focused on gold and silver resource definition and step‑out targets.
The Foremost MPD‑1500 rig’s track configuration is expected to reduce surface disturbance by allowing multiple holes from single pads. This follows Lahontan’s December 2025 maiden program, which reproduced historic high‑grade oxide mineralization, including 36.6 metres grading 3.11 g/t AuEq from surface in hole WSF25‑04R. The company expects assay results from the new program later in 2026 and targets a maiden resource estimate for West Santa Fe by year‑end.
Lahontan also granted 3,000,000 stock options to officers and consultants, exercisable at C$0.40 for five years, vesting over 18 months and subject to a four‑month hold. The flagship Santa Fe Mine hosts NI 43‑101 Indicated resources of 1,195,000 oz AuEq and Inferred resources of 1,190,000 oz AuEq, with an updated PEA planned in 2026 and a construction objective in 2027.
Lahontan Gold (LGCXF) agreed to acquire all shares of Emergent Metals via a court-approved plan of arrangement, with Emergent shareholders receiving one Lahontan share for every 3.21 Emergent shares, implying about $0.115 per Emergent share and a 47.8% 30‑day VWAP premium.
Post‑closing, Lahontan and Emergent holders are expected to own approximately 95.3% and 4.7% of the combined company. The deal gives Lahontan 100% ownership of the West Santa Fe project and eliminates about $2.39M (US$1.73M) in future payments plus 1% NSR royalties on West Santa Fe and 27 York claims. Lahontan also regains 2,000,000 of its shares previously issued for York claims (valued at roughly $770,000), acquires the New York Canyon claims south of Santa Fe, and assumes a US$3.5M Fairchild promissory note, 12.5M Fairchild shares, a 0.5% NSR on Golden Arrow, and additional royalties and properties in Nevada and Quebec, subject to shareholder, court and regulatory approvals.
Lahontan Gold Corp (LGCXF) reported new 2026 Sonic core drill results from Heap Leach Pad Two at the Santa Fe Mine Project in Nevada.
Ten vertical drill holes totaling 168.9 m were completed on HLP Two, with intervals of 0.76 m, including a highlight intercept of 16.5 m grading 2.72 g/t Au and 2.8 g/t Ag. Historic records show that 3.76M tonnes at 0.55 g/t Au and 2.9 g/t Ag (0.58 g/t Au Eq) were originally placed on the pad, with expected residual grades of about 0.29 g/t Au and 2.5 g/t Ag (0.32 g/t Au Eq). Based on the first ten holes, the weighted average grade of all samples is 0.50 g/t Au and 3.3 g/t Ag (0.54 g/t Au Eq), above the estimated residual grade. Cyanide leach (CN) analyses range from 5% to 82% of corresponding fire assay Au and average 40%, which the company says suggests potential amenability to conventional CN reprocessing.
Lahontan Gold Corp. (LGCXF) appointed Billy Choi as its new Chief Financial Officer, with full CFO responsibilities expected to transition to him in October 2026.
Choi previously served as Vice President of Finance at Lithium Royalty Corp., where he helped lead its IPO, public-company reporting, internal controls, and post-acquisition integration by Altius Minerals. Lahontan links his public-market and transaction experience to its plans to advance permitting and target a restart of production at the Santa Fe Mine in 2027.
The Nevada-focused company’s flagship 28.3 km² Santa Fe Mine has a NI 43-101 Indicated Mineral Resource of 1,195,000 oz AuEq (47,532,000 t grading 0.72 g/t Au and 5.55 g/t Ag) and an Inferred Mineral Resource of 1,190,000 oz AuEq (60,605,000 t grading 0.59 g/t Au and 2.40 g/t Ag), all pit constrained.
Lahontan Gold Corp (LGCXF) has expanded its management team with three senior hires as it advances the Santa Fe Mine toward a targeted 2027 restart.
The company appointed Tony Gesualdo as Vice President – Exploration, Michael Kubel as Senior Mine Engineer, and Jen Earle to lead Investor Relations & Business Development. Gesualdo, a structural and economic geologist and Certified Professional Geologist, previously served as Lahontan’s Exploration Manager and contributed to Santa Fe’s initial Mineral Resource Estimate. Kubel brings more than a decade of Nevada open‑pit gold mining and heap‑leach experience, including mine planning and technical studies. Earle adds two decades of natural resources investor relations and capital markets experience across LSE, ASX and TSX.
Lahontan is focused on restarting the 28.3 km² Santa Fe Mine, which has a NI 43‑101 compliant Indicated resource of 1,195,000 oz Au Eq and an Inferred resource of 1,190,000 oz Au Eq. Objectives for 2026 include an updated PEA, advancing permitting toward 2027 construction, and drilling to expand and add resources.
Lahontan Gold (OTCQB:LGCXF) reported further results from its 2026 Sonic core drilling program at the Santa Fe Mine, targeting historic heap leach pads and stockpiles for potential low-cost reprocessing. At a historic “low-grade” stockpile beside Heap Leach Pad Two, nine vertical holes averaged 1.96 g/t AuEq, including 1.64 g/t Au and 36.2 g/t Ag, at grades described as substantially higher than expected for the stockpile’s classification. A highlighted interval graded 10.7 m of 1.81 g/t Au and 64.8 g/t Ag. Cyanide-extractable gold ranged from 5% to 93% of fire assay, averaging 43%, indicating possible amenability to conventional heap leach processing.
Lahontan also reiterated Santa Fe’s NI 43-101 pit-constrained Mineral Resources: 1.195 Moz AuEq Indicated and 1.190 Moz AuEq Inferred. 2026 objectives include an updated PEA incorporating sulfide resources, advancing permits toward a targeted 2027 construction start, continued exploration at West Santa Fe, and Sonic drilling across four historic heap leach pads.
Lahontan Gold (OTC: LGCXF) disclosed that investor Lawrence Lepard filed an early warning report after disposing of 1,121,500 common shares of Lahontan Gold between August 12 and August 21, 2026, through the TSX Venture Exchange.
According to Lawrence Lepard, his beneficial ownership decreased from 44,264,550 common shares (about 10.23% of outstanding shares, undiluted and partially diluted) to 43,143,050 common shares (about 9.97%). As a result of falling below the 10% threshold, he has ceased to be an insider of Lahontan Gold. Lepard stated he may increase or reduce his holdings in the future depending on market conditions. Further details are available in his early warning report on SEDAR+.
Lahontan Gold (OTCQB:LGCXF, TSXV:LG) reported an updated NI 43-101 Mineral Resource Estimate for its Santa Fe Mine in Nevada. Project-wide pit-constrained Indicated resources are 1,195,000 gold-equivalent (Au Eq) ounces and Inferred resources are 1,190,000 Au Eq ounces, a total increase of 435,000 ounces, or 22%, over the 2024 MRE.
Average grades are 0.78 g/t Au Eq (Indicated) and 0.61 g/t Au Eq (Inferred. Santa Fe deposit resources alone rose over 26%, while Slab and York oxide resources increased over 37%. The new MRE will underpin an updated Preliminary Economic Assessment and ongoing permitting, with mine construction at Santa Fe targeted for 2027. Lahontan also granted 1,466,000 deferred share units to officers and directors.
Lahontan Gold (OTCQB:LGCXF, TSXV:LG) reported additional 2026 RC drill results from its Santa Fe Mine Project in Nevada, covering seven holes totaling 1,990m across the Calvada East resource area, the Slab West exploration target, and a deep geophysical test between Slab and Santa Fe.
At Calvada East, hole CAL26-12R intersected 12.2m grading 1.26 g/t AuEq oxide (1.25 g/t Au, 0.8 g/t Ag) near the base of the current resource pit shell, including 1.5m samples up to 3.29 g/t Au. Hole CAL26-11R cut 13.7m grading 1.10 g/t AuEq (1.01 g/t Au, 7.1 g/t Ag) in Tertiary volcanic rocks along the Summit Fault, described as the first significant gold intercept in this host rock at Santa Fe and establishing a new exploration target.
At Slab West, CAL26-13R returned 35.1m of shallow mineralization grading 0.21 g/t AuEq and CAL26-15R intersected 18.3m grading 0.22 g/t AuEq, both oxidized and remaining open for expansion. Lahontan highlights Santa Fe’s pit-constrained NI 43-101 Indicated resource of 1.539Moz AuEq and Inferred resource of 0.411Moz AuEq and aims in 2026 to deliver an updated MRE and PEA, advance permitting toward a targeted 2027 construction start, and continue exploration and drilling programs.