Video - CEO Clips: Lahontan Gold Advances Santa Fe Toward Restart in Nevada

Rhea-AI Summary

Lahontan Gold (OTCQB: LGCXF) is advancing its Santa Fe project in Nevada toward a potential restart, supported by permitting progress and targeted drilling to add mineable ounces. The company is also evaluating silver potential at nearby West Santa Fe as exploration continues.

Positive

• Permitting progress toward a potential Santa Fe restart
• Targeted drilling focused on adding mineable ounces at Santa Fe
• Evaluation of silver potential at the nearby West Santa Fe project

Negative

• Restart is described as potential; no confirmed restart date or production guidance
• No financial or production metrics provided to quantify project impact

News Market Reaction

+16.50%

1 alert

+16.50% News Effect

On the day this news was published, LGCXF gained 16.50%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - February 9, 2026) - Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) is advancing its Santa Fe project in Nevada toward a potential restart, supported by permitting progress and drilling focused on adding mineable ounces. The company is also evaluating silver potential at its nearby West Santa Fe project as exploration continues.

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Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF)
https://lahontangoldcorp.com/

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283078

FAQ

What progress did Lahontan Gold (LGCXF) report on the Santa Fe restart on February 9, 2026?

They reported permitting progress and active drilling aimed at adding mineable ounces. According to the company, permitting work is advancing while drilling targets are focused on converting resources into mineable ounces ahead of any restart.

Does Lahontan Gold (LGCXF) confirm a restart date for Santa Fe mine operations?

No, the company did not provide a restart date and described the restart as potential. According to the company, work is focused on permitting and drilling; a formal restart timeline or production guidance was not announced.

What exploration activities is Lahontan Gold (LGCXF) doing at West Santa Fe for silver potential?

The company is evaluating silver potential at West Santa Fe through continued exploration work. According to the company, evaluations are ongoing to assess silver mineralization near Santa Fe while drilling proceeds at the main project.

How should investors view Lahontan Gold's (LGCXF) Santa Fe permitting and drilling news?

The update is an early-stage operational progress signal rather than production confirmation. According to the company, permitting and drilling aim to de-risk a potential restart but do not guarantee timelines or near-term cash flow.

Will Lahontan Gold (LGCXF) provide financial metrics or production guidance with this Santa Fe update?

No financial metrics or production guidance were included in the update. According to the company, the announcement focused on permitting progress, drilling objectives, and silver evaluation, without disclosing production or financial projections.