Lahontan Mobilizes Core Drill Rig to Santa Fe
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE
LAHONTAN MOBILIZES CORE DRILL RIG TO SANTA FE
Toronto Ontario, January 26, 2026 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F)
(the "Company" or "Lahontan") is pleased to announce that it has mobilized a Super 90 track-mounted
core drill rig to the Company’s flagship Santa Fe Mine Project located in Nevada’s prolific Walker Lane.
The core drilling is part of the Company’s ongoing mine development program, focusing on collecting core
samples for waste rock geochemical characterization as part of the State level mine permitting process. The
drill holes will also be used to further define the distribution of ground water in the area of proposed open
pit mining, another key component of the permitting process.
Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder commented: “Lahontan is excited
to take this important next step in the permitting process for the resumption of open pit mining and heap
leach processing at Santa Fe. By mobilizing drilling equipment early in 2026, we expect to get both the
hydrologic data and waste rock geochemical data needed to keep the Company on track for breaking ground
at Santa Fe in 2027.”
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds,
through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining
friendly Nevada. Lahontan’s flagship property, the 28.3 km2 Santa Fe Mine project, had past production
of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines
utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant
Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t
Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000
grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is
inclusive of recovery, please see Santa Fe Project Technical Report and note below*). 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. For more information,
please visit our website: www.lahontangoldcorp.com
* Please see the “Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project”, Authors: Kenji Umeno, P.
Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM;
Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website
and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for
non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following
assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to
79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.
Qualified Person
Brian J. Maher, M.Sc., CPG-12342, is a “Qualified Person” as defined under Canadian National Instrument
43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this
news release in respect of all technical disclosure other than the Mineral Resource Estimate as noted above.
Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news
release, including the sampling, analytical and test data underlying the disclosure.
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email:
Website: www.lahontangoldcorp.com
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Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news
release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking
information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate",
"estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking
statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and
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There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The
Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or
opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking
statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the
Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com