Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) announced that cyanide extraction testing from its 2025 reverse-circulation drilling program at the West Santa Fe project demonstrated high recovery rates, with gold averaging 81% and silver 60%, exceeding prior metallurgical projections and supporting heap leach processing potential. The results validate historical and recent testing, reinforce the project’s amenability to cost-effective recovery methods and support continued exploration aimed at expanding the mineralized footprint ahead of a planned Mineral Resource Estimate later this year.
The tests were conducted on core samples from the company’s 2025 drilling program at West Santa Fe, a satellite project adjacent to Lahontan’s flagship Santa Fe Mine project in Nevada. The Santa Fe Mine has a history of past production, with 359,202 ounces of gold and 702,067 ounces of silver produced between 1988 and 1995 from open pit mines utilizing heap-leach processing. The company holds a NI 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Resource of 411,000 oz Au Eq at Santa Fe.
Kimberly Ann, CEO of Lahontan Gold, stated in the press release that the results confirm the project’s potential for low-cost recovery. The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content has been reviewed by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in NI 43-101.
The positive cyanide extraction results are significant for Lahontan Gold as they de-risk the West Santa Fe project and enhance its economic viability. Heap leaching is a well-established, low-capital-cost method for gold and silver recovery, often used for lower-grade deposits. The high recoveries suggest that West Santa Fe could be developed as a satellite operation feeding into the Santa Fe Mine infrastructure, potentially improving overall project economics.
Investors and stakeholders can view the full press release at https://ibn.fm/sSC3E. For more information about Lahontan Gold Corp., visit their website at www.lahontangoldcorp.com. The latest news and updates relating to LGCXF are available in the company’s newsroom at http://ibn.fm/LGCXF.
