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Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the “Firm” or “Lahontan”) is happy to announce that the Firm has submitted a Discover of Operations (the “Discover”) to the Federal Bureau of Land Administration (the “BLM”) for its proposed exploration drilling program at Lahontan’s West Santa Fe Challenge, situated solely 13 kilometres southwest of the Firm’s Flagship Santa Fe Mine Challenge. The Discover seeks to allow a number of drill websites on the West Santa Fe Challenge, plus the development of entry roads and sumps for drilling fluids. The Firm intends to drill a number of holes from every drill website, twining, drilling down-dip, and exploring the West Santa Fe system alongside strike from areas of recognized gold and silver mineralization. Historic drilling, totaling 171 drill holes for roughly 13,000 metres, defines shallow, oxidized, gold and silver mineralization close to the historic Mindora underground mine. Geologic mapping and sampling present that this zone of mineralization continues for over 1,000 metres to the east, an space marked by quite a few shallow adits, prospect pits, and outcrops of hydrothermally altered rock. (Please see Lahontan Gold Press Launch dated June 18, 2024).
Kimberly Ann, Lahontan Founder, Chair, CEO, and President commented: “Lahontan is happy to submit this Discover of Operation for drilling at West Santa Fe to the BLM. As soon as authorized, the Firm will have the ability to conduct its first drilling program on the challenge, in search of to validate the in depth historic drill gap knowledge base and broaden the footprint of disseminated gold and silver mineralization at West Santa Fe.”
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine improvement and mineral exploration firm that holds, via its US subsidiaries, 4 top-tier gold and silver exploration properties within the Walker Lane of mining pleasant Nevada. Lahontan’s flagship property, the 26.4 km2 Santa Fe Mine challenge, had previous manufacturing of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines using heap-leach processing. The Santa Fe Mine has a Canadian Nationwide Instrument 43-101 compliant Indicated Mineral Useful resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and seven.18 g/t Ag, collectively grading 0.99 g/t Au Eq) and an Inferred Mineral Useful resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and three.25 g/t Ag, collectively grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of restoration, please see Santa Fe Challenge Technical Report and notice under*). The Firm plans to proceed advancing the Santa Fe Mine challenge in direction of manufacturing, replace the Santa Fe Preliminary Financial Evaluation, and drill take a look at its satellite tv for pc West Santa Fe challenge throughout 2025. For extra data, please go to our web site: www.lahontangoldcorp.com
* Please see the “Preliminary Financial Evaluation, NI 43-101 Technical Report, Santa Fe Challenge”, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Younger, SME-RM; Efficient Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is offered on the Firm’s web site and SEDAR+. Mineral sources are reported utilizing a cut-off grade of 0.15 g/t AuEq for oxide sources and 0.60 g/t AuEq for non-oxide sources. AuEq for the aim of cut-off grade and reporting the Mineral Assets relies on the next assumptions gold worth of US$1,950/oz gold, silver worth of US$23.50/oz silver, and oxide gold recoveries starting from 28% to 79%, oxide silver recoveries starting from 8% to 30%, and non-oxide gold and silver recoveries of 71%.
Certified Individual
Brian J. Maher, M.Sc., CPG-12342, is a “Certified Individual” as outlined below Canadian Nationwide Instrument 43-101, Requirements of Disclosure for Mineral Tasks, and has reviewed and authorized the content material of this information launch in respect of all disclosure apart from the Mineral Useful resource Estimate as famous above. Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the information disclosed on this information launch, together with the sampling, analytical and take a look at knowledge underlying the disclosure.
On behalf of the Board of Administrators
Kimberly Ann
Founder, CEO, President, and Government Chair
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Government Officer, President, and Government Chair
Telephone: 1-530-414-4400
E mail: Kimberly.ann@lahontangoldcorp.com
Web site: www.lahontangoldcorp.com
Cautionary Word Concerning Ahead-Trying Statements:
Neither TSX Enterprise Trade(“TSXV”) nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch. Aside from statements of historic truth, this information launch incorporates sure “forward-looking data” throughout the which means of relevant securities regulation. Ahead-looking data is steadily characterised by phrases corresponding to “plan”, “count on”, “challenge”, “intend”, “consider”, “anticipate”, “estimate” and different comparable phrases, or statements that sure occasions or circumstances “could” or “will” happen. Ahead-looking statements are primarily based on the opinions and estimates on the date the statements are made and are topic to a wide range of dangers and uncertainties and different elements that would trigger precise occasions or outcomes to vary materially from these anticipated within the forward-looking statements together with, however not restricted to delays or uncertainties with regulatory approvals, together with that of the TSXV. There are uncertainties inherent in forward-looking data, together with elements past the Firm’s management. The Firm undertakes no obligation to replace forward-looking data if circumstances or administration’s estimates or opinions ought to change besides as required by regulation. The reader is cautioned to not place undue reliance on forward-looking statements. Further data figuring out dangers and uncertainties that would have an effect on monetary outcomes is contained within the Firm’s filings with Canadian securities regulators, which filings can be found at www.sedarplus.com
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