Key Highlights
- LAC Gold shares rose 14.58% to $0.275 in the 3 November 2026 trading session, while the S&P/ASX 200 gained 0.14%.
- Assays from a further 20 drillholes at Rouyn contained higher-grade gold mineralisation within broad envelopes.
- The company plans a resource update for Rouyn in Q1 2027, from an existing resource of 1.66 million ounces.
During the Trading session on 3 November 2026, LAC Gold Ltd (ASX:LAC) shares rose 14.58% to $0.275. The S&P/ASX 200 (ASX:XJO) was up 0.14%, or 12.50 points, at 8,869.00 at 2:42 pm (GMT+11) on the same day. LAC Gold is a gold explorer and developer with the Rouyn Gold Project in Quebec, Canada. Its latest update is the quarterly activities report for the period ended 30 September 2026, released on 30 October 2026.
Drilling results
Assays from 20 further drillholes contained higher-grade gold within broad mineralised envelopes. The report highlighted results including 7.50 metres at 11.17 grams per tonne gold and 2.00 metres at 17.08 grams per tonne gold. Drilling at the Astoria deposit within Rouyn comprised 19 diamond holes for 8,969 metres during the quarter.
Resource and scale
The company said the Rouyn resource stands at 1.66 million ounces, and continuous drilling is targeting open mineralisation to grow it. Work has commenced on an updated Rouyn mineral resource estimate, which is expected in Q1 2027.
Sector context
The S&P/ASX 200 gained 0.14% during the session. The report describes Rouyn as located in the Abitibi region, which it says is surrounded by existing mines.
Risks
Drilling results are not yet part of a revised resource, and the updated estimate could differ from the current figure. Gold grades in the report vary widely from hole to hole, and the company notes that broad envelopes include lower-grade material.
What lies ahead
The main next step is the updated Rouyn mineral resource estimate in Q1 2027, with drilling continuing to target open mineralisation.
Final Word
The quarter focused on delivering drilling results that the company said extend known mineralisation.
_11_12_2026_10_36_35_483404.jpg)


_11_12_2026_10_36_50_897036.jpg)


Please wait processing your request...