Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is advancing its flagship Santa Fe Mine project in Nevada with a strategic drill campaign focused on upgrading and expanding shallow oxide reserves. The company is organizing a reverse-circulation drill rig to conduct a program that shifts focus from broad resource definition to technical groundwork preceding mine planning and permitting.
The current program consists of 25 drill holes totaling approximately 4,000 meters, concentrating on the York and Slab zones where previous drilling has demonstrated extensive silver-gold potential in near-surface oxidation mineralization. This campaign is designed to transform resources from the inferred to the indicated category while expanding the overall resource base, positioning the company for economic and engineering evaluation by 2026.
Lahontan Gold's position within Nevada's Walker Lane trend places it in one of the world's most productive and mining-friendly regions. The company controls four gold and silver properties in Nevada through its U.S. subsidiaries, with three properties 100%-owned and one controlled via a low-cost option to acquire full ownership. The Santa Fe Mine represents a past-producing, infrastructure-rich project with clear near-term production potential.
The strategic importance of this drill campaign lies in its potential to unlock oxide gold and silver value through systematic resource upgrading. Moving resources from inferred to indicated categories represents a critical step in mine development, as indicated resources carry higher confidence levels for economic evaluation and mine planning. This technical advancement could significantly enhance the project's valuation and attractiveness to potential partners or investors.
For investors and industry observers, the company's progress can be tracked through its newsroom at http://ibn.fm/LGCXF, while additional information about Lahontan Gold Corp. is available at https://www.LahontanGoldCorp.com. The mining industry communications platform Rocks & Stocks, which featured the original article about Lahontan's developments, provides specialized coverage of mining sector news at https://RocksAndStocks.news.
The transition from exploration to development-focused drilling represents a maturation phase for the Santa Fe project, potentially reducing technical risk and increasing the likelihood of eventual mine development. As global demand for precious metals continues amid economic uncertainty, successful resource expansion in mining-friendly jurisdictions like Nevada could position Lahontan Gold for increased market attention and potential value creation for stakeholders.
