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Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the “Firm” or “Lahontan“) is happy to announce that the Federal Bureau of Land Administration (“BLM“) has printed its Resolution Document (“DR“), Discovering of No Important Influence (“FONSI“), and approval of the Firm’s Exploration Plan of Operations (“EPOO“) for the Santa Fe Mine undertaking, on the BLM’s web site: https://eplanning.blm.gov/eplanning-ui/dwelling. This resolution concludes the Nationwide Environmental Coverage Act (“NEPA“) Environmental Evaluation (“EA“) course of and authorizes Lahontan to maneuver ahead with its enormously expanded exploration drilling and mine improvement program at Santa Fe.
The just lately accepted Exploration Plan of Operations (“EPOO”) permits Lahontan to conduct exploration drilling throughout a 12.2 km² space of the Santa Fe Mine undertaking, enabling the Firm to check a number of new targets, properly past the presently outlined gold and silver assets (see map under)*. Earlier Lahontan drilling applications targeted on validating historic drill outcomes, defining and increasing assets adjoining to the past-producing open pits, and accumulating information to assist detailed mine planning and scheduling.
With the EPOO in place, Lahontan can now provoke true exploration applications throughout the broader undertaking space. The EPOO encompasses over 700 permitted drill holes concentrating on well-defined geologic and geochemical anomalies, in addition to beforehand drilled areas that returned important gold and silver intercepts that require follow-up drilling. Precedence targets embrace the Pinnacles space, hosted in the same geologic setting to Fortitude Gold’s close by Isabella Pearl Mine, in addition to essential historic drilling on the Guzzler goal south of the Santa Fe open pit, together with a number of untested zones between the identified useful resource areas at Santa Fe (see map under).
Map of the just lately accepted EPOO for Santa Fe. The yellow shading outlines the realm included within the EPOO, darkish crimson signifies the historic pits together with the Isabella Pearl pit west of the undertaking boundary, the crimson strains exhibits the floor projection of identified gold and silver assets*.
Kimberly Ann, Lahontan Gold Corp. Government Chair, Founder, CEO, and President commented: “Receiving approval of the Santa Fe Mine undertaking EPOO represents a landmark milestone for Lahontan. Till now, the Firm’s exploration actions had been restricted to a five-acre disturbance space, considerably limiting its means to step out from identified assets and totally assess the exploration potential of the Santa Fe Mine Mission. With the approval of the EPOO, Lahontan can now discover a 12.2 km² space encompassing a number of well-defined geological and geochemical targets situated between and adjoining to present gold and silver assets. The expanded allow space additionally permits for drill testing of the historic heap leach pads, which can include remnant mineralization of potential financial curiosity. This approval positions the Firm to judge the broader gold and silver endowment of the Santa Fe Mine undertaking and to unlock the complete potential of its strategic land place in Nevada’s Walker Lane. Lahontan would additionally prefer to thank the employees of the Carson Metropolis workplace of the BLM for his or her environment friendly and well timed completion of the EPOO.”
Map of exploration targets on the Santa Fe Mine Mission.
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine improvement and mineral exploration firm that holds, by way of its US subsidiaries, 4 gold and silver exploration properties within the Walker Lane of mining pleasant Nevada. Lahontan’s flagship property, the 28.3 km2 Santa Fe Mine undertaking, 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 Mission Technical Report and be aware under*). The Firm plans to proceed advancing the Santa Fe Mine undertaking in direction of manufacturing, replace the Santa Fe Preliminary Financial Evaluation, and drill check its satellite tv for pc West Santa Fe undertaking throughout 2025. For extra info, please go to our web site: www.lahontangoldcorp.com
* Please see the “Preliminary Financial Evaluation, NI 43-101 Technical Report, Santa Fe Mission”, 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 accessible on the Firm’s web site and SEDAR+. Mineral assets are reported utilizing a cut-off grade of 0.15 g/t AuEq for oxide assets and 0.60 g/t AuEq for non-oxide assets. AuEq for the aim of cut-off grade and reporting the Mineral Assets is predicated on the next assumptions gold value of US$1,950/oz gold, silver value 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 Particular person
Brian J. Maher, M.Sc., CPG-12342, is a “Certified Particular person” as outlined beneath Canadian Nationwide Instrument 43-101, Requirements of Disclosure for Mineral Initiatives, and has reviewed and accepted the content material of this information launch in respect of all technical disclosure apart from the Mineral Useful resource Estimate as famous above. Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the info disclosed on this information launch, together with the sampling, analytical and check information underlying the disclosure.
On behalf of the Board of Administrators
Kimberly Ann
Founder, CEO, President, and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Government Officer, President, Director
Cellphone: 1-530-414-4400
E mail:
Kimberly.ann@lahontangoldcorp.com
Web site: www.lahontangoldcorp.com
Cautionary Notice Concerning Ahead-Wanting Statements:
Neither TSX Enterprise Trade 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 reality, this information launch incorporates sure “forward-looking info” throughout the which means of relevant securities legislation. Ahead-looking info is incessantly characterised by phrases similar to “plan”, “anticipate”, “undertaking”, “intend”, “consider”, “anticipate”, “estimate” and different comparable phrases, or statements that sure occasions or circumstances “might” or “will” happen. Ahead-looking statements are based mostly 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 components 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 info, together with components past the Firm’s management. The Firm undertakes no obligation to replace forward-looking info if circumstances or administration’s estimates or opinions ought to change besides as required by legislation. The reader is cautioned to not place undue reliance on forward-looking statements. Further info 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.sedar.com
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