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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 accomplished the Buy (the “Buy“) of 27 unpatented lode mining claims (the “York claims“) from Emergent Metals Corp (“Emergent“). The York claims are contiguous with the southeast nook of the Santa Fe Mine Mission and supply a compelling alternative to considerably increase oxide gold and silver mineral sources beforehand outlined on the York deposit*. Modeling of drill knowledge throughout the mineral useful resource estimation course of means that gold and silver mineralization seemingly extends onto the York claims. This concentrating on idea was partly validated by Lahontan’s latest drilling marketing campaign the place reverse-circulation drill gap YOR25-001R reduce 89.9 metres (45.7 – 135.6m) grading 0.23 g/t gold (please see Lahontan Gold Information Launch dated September 2, 2025). The Firm is at the moment planning further drilling on the York goal space for this Fall. With the addition of the York claims, the Firm now owns or controls 415 unpatented lode mining claims, 67 unpatented millsite claims, and 24 patented lode mining claims encompassing over 2,832 ha or 28.3 km2 of mineral rights in one of many World’s premier gold belts: Nevada’s Walker Lane.
Kimberly Ann, Lahontan Founder, Chair, CEO, and President commented: “Lahontan is worked up to have accomplished the Buy of the York claims. The gold and silver useful resource growth potential, mixed with the flexibility to additional layback the York pit in potential future mining operations, makes the Buy a strategic acquisition for the Firm. Lahontan now controls a district-scale land package deal that, regardless of prolific previous manufacturing and the completion of over 1,200 drill holes, stays largely unexplored with a number of targets for useful resource growth and new discoveries.”
Phrases of the Buy embrace:
- Lahontan has paid Emergent’s U.S. subsidiary, Golden Arrow Mining Company (“GAMC“), a sum of US$10,000.
- Lahontan has issued GAMC a US$50,000 promissory be aware, with a 1% monthly rate of interest, and payable inside six months of signing this announcement.
- Lahontan has issued 2,000,000 frequent shares of Lahontan Gold Corp. to Emergent.
- GAMC will facilitate the switch of the York Claims to Lahontan or its designee, to be accomplished inside 30 days of right now’s date.
- As a part of the switch, Lahontan has granted GAMC a 1% NSR royalty (the “Royalty“) on the York Claims. At any time earlier than the third anniversary of the Settlement, Lahontan could buy the Royalty for US$500,000. After the third and earlier than the seventh anniversary of the Settlement, Lahontan could buy the Royalty for US$1,000,000.
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 top-tier gold and silver exploration properties within the Walker Lane of mining pleasant Nevada. Lahontan’s flagship property, the 28.3 km2 Santa Fe Mine venture, 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 venture 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 venture 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 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 Sources 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 beneath Canadian Nationwide Instrument 43-101, Requirements of Disclosure for Mineral Initiatives, and has reviewed and authorised the content material of this information launch in respect of all disclosure aside 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 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 Alternate(“TSXV”) nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch. Aside from statements of historic reality, this information launch accommodates sure “forward-looking info” throughout the which means of relevant securities legislation. Ahead-looking info is incessantly characterised by phrases akin to “plan”, “anticipate”, “venture”, “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 quite a lot of dangers and uncertainties and different elements that might 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 elements 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 might 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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