TORONTO, ON — January 13, 2026 — Leads & Copy — Lahontan Gold Corp. has announced the initial results from its 2025 Phase Two drilling program at the Santa Fe Mine Project in Nevada’s Walker Lane. The company received analytical results for six reverse-circulation rotary drill holes totaling 994 meters.
Significant results include an intercept of 114.3 meters grading 0.33 g/t Au Eq in drill hole YOR25-004R at the York zone, including 18.3 meters grading 0.90 g/t Au Eq. This intercept expands the footprint of the York gold zone to the north of the current mineral resource pit shell, leaving gold mineralization open to the north.
At the Slab zone, drill hole CAL25-009R intercepted 22.9 meters grading 0.42 g/t Au Eq. Additionally, drill hole CAL25-010R intercepted 29.0 meters grading 0.26 g/t Au Eq. These results may deepen the Slab pit shell in an updated Mineral Resource Estimate expected later this year.
Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder, stated that the drill results at York reinforce the interpretation that the York deposit continues to the north of the previously defined MRE and provides an opportunity to further expand gold Mineral Resources at York. She also noted that the drill results at Slab will be incorporated into an updated MRE for the entire Santa Fe Mine project, expected in the coming months. Additional analytical results for seven drill holes at Santa Fe and six drill holes at the West Santa Fe project are expected in the coming weeks.
Gold mineralization at York occurs as a bedding plane-controlled zone within the Triassic Luning Formation Limestone. The deep, high-grade intercept occurs along the York Fault and correlates with high-grade gold cut by YOR25-002R (18.3 meters grading 0.73 g/t Au including 12.2m grading 1.00 g/t Au; please Lahontan Press Release dated September 2, 2025). This high-grade zone extends to the north of the current York MRE and correlates with gold mineralization seen on the surface in jasperoid outcrops.
Drill holes CAL25-008R and -010R were designed to test for deeper, stacked zones of oxide gold mineralization at the south end of the Slab pit. Both drill holes successfully cut oxide gold zones with gold grades similar to that reported in this portion of the Slab pit MRE. The other drill holes reported herein (CAL25-006R, -007R, and -009R) were needed to define the suspected limits to shallow gold mineralization along the margin and bottom of the Slab deposit and better constrain potential pit boundaries for future mine planning.
Lahontan conducts an industry standard QA/QC program for its core and RC drilling programs. All drill samples were sent to American Assay Laboratories (AAL) in Sparks, Nevada, USA for analyses.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds four gold and silver exploration properties in Nevada. The Santa Fe Mine project had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq.
Brian J. Maher, M.Sc., CPG-12342, is a Qualified Person and has reviewed and approved the content of this news release in respect of all technical disclosure other than the Mineral Resource Estimate.
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:Kimberly.ann@lahontangoldcorp.com
Source: Lahontan Gold Corp.
