Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) is advancing its past-producing, open-pit heap leach gold-silver assets in Nevada's Walker Lane region, where nearly 2 million ounces of gold equivalent have been outlined. The company's flagship Santa Fe Mine project, which produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995, now holds 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, all pit constrained. These resources are detailed in the "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project" available on the company's website and SEDAR+.
With active drilling at the West Santa Fe satellite project, ongoing permitting, and metallurgical work supporting upcoming economic studies, Lahontan Gold is entering a pivotal phase as it moves closer to potential production. The company plans to continue advancing the Santa Fe Mine project toward production, update the Santa Fe Preliminary Economic Assessment, and drill test its West Santa Fe project during 2025. This development work is crucial for establishing the economic viability of the project and determining the timeline for potential mine development.
The technical content of the company's disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101. The mineral resources are reported using specific cut-off grades and assumptions including a gold price of US$1,950/oz and silver price of US$23.50/oz, with varying recovery rates for oxide and non-oxide materials.
For business and technology leaders monitoring resource development, Lahontan's progress represents a significant development in the mining sector, particularly given the project's location in mining-friendly Nevada and its substantial historical production. The advancement toward production could have implications for gold and silver supply chains, investment opportunities in the mining sector, and regional economic development in Nevada. The company's four top-tier gold and silver exploration properties in the Walker Lane position it as a notable player in North American precious metals development.
Investors and industry observers can find additional information through the company's communications channels, including updates available in the company's newsroom at http://ibn.fm/LGCXF. The technical report referenced in company disclosures provides detailed information about resource calculations and economic assumptions that will be critical for stakeholders evaluating the project's potential. As Lahontan moves through permitting and economic studies, the mining industry will be watching closely to see how this substantial resource base translates into viable production.
