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Lahontan Drills High Grade Oxide Gold from the Surface at West Santa Fe: 37m Grading 3.11 g/t Au Eq Including 11m Grading 5.75 g/t Au Eq
TORONTO, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) &...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"Lahontan Drills High Grade Oxide Gold from the Surface at West Santa Fe: 37m Grading 3.11 g/t Au Eq Including 11m Grading 5.75 g/t Au Eq\nTORONTO, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F)  (the \"Company\" or \"Lahontan\") is pleased to announce the final analytical results from our 2025 maiden drilling program at the Company’s satellite West Santa Fe project, located only 13 km from Lahontan’s flagship asset, the Santa Fe Mine project, in Nevada’s prolific Walker Lane. The assay results are from the final reverse-circulation rotary (“RC”) drill are summarized below: WSF25-04R: 36.6 metres (0.0 – 36.6m) grading 3.11 g/t Au Eq including 10.7 metres (1.5 – 12.2m) grading 5.75 g/t Au Eq from the surface, all oxide.  The drill hole emphasizes the high gold and silver grades associated with the South Zone at West Santa Fe. Also included in the intercept is a second high grade zone: 12.2m (22.9 – 35.1m) grading 3.67 g/t Au Eq.Individual intercepts range up to 12.04 g/t Au Eq (1.52m, 27.43 – 28.96m, 4.48 g/t Au, 648 g/t Ag).The grade and geometry of these intercepts correlate well with adjacent historic drill holes, further validating the historic drill hole database (please see cross section below). Notes: Au Eq equals Au (g/t) + ((Ag g/t/60)*0.70). Silver grade for calculating Au Eq is adjusted to consider estimated metallurgical recovery reported by Kappes Cassiday (1982). True thickness of the intercepts is estimated to be 75-90% of the drilled interval. Numbers may not total precisely due to rounding. Historic drilling, coupled with the 2025 Lahontan RC drilling, defines a gold and silver mineralized zone with a surface expression of 500 by 350 metres with a true thickness from 35 to over 60 metres. With oxide mineralization starting at the surface, there is good potential to exploit this system utilizing low-cost open pit mining and heap-leach processing. Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder commented: “The robust assay results from WSF25-04R confirm the high-grade core of the South Zone as defined by historic drilling and underground mine workings. We are continuing to model the West Santa Fe system to better understand the geology and geometry of gold and silver mineralizati...