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Lahontan Gold to Drill Historic Santa Fe Heap Leach Pads for Residual Gold & Silver
TORONTO, April 20, 2026 (GLOBE NEWSWIRE) -- Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that the
About this update from Lahontan Gold Corp.
[{"type":"text","content":" TORONTO, April 20, 2026 (GLOBE NEWSWIRE) -- Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the \"Company\" or \"Lahontan\") is pleased to announce that the Company will soon commence drill testing the historic heap leach (“HL”) pads at the Company’s Santa Fe Gold Mine Project, located in Nevada’s prolific Walker Lane. Full permits to drill the HL pads are expected shortly, when received, Lahontan will mobilize a Boart Longyear LS 450 sonic core drill rig and support crew to the Santa Fe Mine. From 1988 through 1994, the Santa Fe Mine produced approximately 359,000 ounces of gold and 700,000 ounces of silver from 16.0 million tonnes of mineralized material*. Factoring in estimated gold and silver recovery, the historic HL pads may contain a significant gold and silver resource. The potential of reprocessing the historic HL material at very low cost, already crushed and requiring no stripping, may augment the robust preliminary mine economics already demonstrated for the Santa Fe Mine Project*. Lahontan plans to drill 95 sonic core holes totalling 1,740 metres across the four historic HL pads. Core drill hole spacing will be approximately 30 metres, sufficient to generate an Inferred mineral resource if core drilling confirms historic production data. HL pads, created by crushing and stacking relatively uniform grade material, tend to show less variability in gold and silver grade distribution than naturally occurring materials. Kimberly Ann, Founder, Chair, CEO, and President of Lahontan Gold Corp commented: “We are excited to begin the resource evaluation of the historic Santa Fe HL pads, yet another potentially exploitable gold and silver resource that can enhance future mine economics at Santa Fe. We are proud of the results of our 2025 Preliminary Economic Assessment (“PEA”) of the Santa Fe Mine*, but for Lahontan, the PEA was just a starting point, a benchmark from which we could grow the Company, both in terms of potential future gold and silver production, but more importantly, potential cash flow and profits that reward our shareholders. This drill program, which will evaluate the upside potential of the historic HL pads, is a classic example of our disciplined approach: We take advantage of every opportunity, be it resource expansion drilling, growing our property position, metallurgical testing, and of course, hi...