- Phase One drilling at Santa Fe delivers shallow oxide intercepts including 89.9 meters grading 0.23 g/t Au at York and 39.6 meters grading 0.30 g/t Au at Slab
- Second high-grade York zone discovered 18.3 meters grading 0.73 g/t Au, including 12.2 meters at 1.0 g/t Au, confirming new structural controls
- Warrant acceleration could provide $1.7 million in proceeds, reinforcing Lahontan’s ability to fund ongoing exploration and development
The gold development sector continues to walk a fine line between exploration success and financial strength. Investors look for companies that can expand resources while maintaining the capital to move projects toward production. Nevada, with its mining-friendly jurisdiction and extensive infrastructure, remains a prime location for this balancing act. Lahontan Gold (TSX.V: LG) (OTCQB: LGCXF) is currently exemplifying this dynamic through positive drill results at its Santa Fe Mine project and a concurrent warrant acceleration that bolsters its balance sheet.
Drilling Extends Santa Fe’s Resource Potential
Lahontan’s Phase One 2025 reverse-circulation drilling program at Santa Fe tested both the York and Slab zones, returning multiple intercepts that validate and extend the project’s…
NOTE TO INVESTORS: The latest news and updates relating to LGCXF are available in the company’s newsroom at ibn.fm/LGCXF
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