Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) is featured in a new video by BTV – Business Television, where CEO Kimberly Ann outlines the company's timeline toward production at its flagship Santa Fe gold project in Nevada. Ann stated that Lahontan expects to receive a key mine permit in the first quarter of 2025, positioning the project for construction and potential initial gold production before the end of the year. The company leverages Nevada's established infrastructure, mining workforce, and favorable regulatory environment as key advantages.
The Santa Fe project, spanning 26.4 km², previously produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 via open-pit mining and heap-leach processing. Current NI 43-101 compliant resources include an 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) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag), all pit constrained. The company plans to update the Preliminary Economic Assessment and drill test its satellite West Santa Fe project during 2025.
Ann also highlighted silver upside from the West Santa Fe asset and projected cash costs of approximately $1,100 to $1,200 per ounce, which she said position the project favorably amid strong precious metals prices. For investors, the announcement signals a clear path to near-term production in a mining-friendly jurisdiction, potentially offering exposure to both gold and silver in a rising commodity price environment. The company's progress could also impact the broader junior mining sector by demonstrating a viable timeline from permitting to production.
BTV – Business Television, a capital markets-focused production agency with over 25 years of experience, distributes investor content through outlets including Bloomberg, CNBC, and FOX Business Network. The full press release is available at https://ibn.fm/J7GcM.
For more information about Lahontan Gold, visit www.lahontangoldcorp.com. The latest news and updates relating to LGCXF are available at http://ibn.fm/LGCXF.
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