RockBreaks – Proven Past, Strategic Future: Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) Advances Santa Fe Toward Restart

Lahontan Gold’s (TSX.V: LG) (OTCQB: LGCXF) competitive advantage lies in controlling an asset with demonstrated production capabilities rather than theoretical potential. “The Santa Fe Mine operated successfully from 1988 to 1995, producing 359,202 ounces of gold and 702,067 ounces of silver through open-pit mining and heap leach processing, the lowest-cost production method available for oxide gold deposits. The mine’s closure in 1995 resulted purely from economics, as gold prices at $340 per ounce made operations uneconomical. However, the cessation of mining left substantial mineralization in the ground, creating the foundation for Lahontan’s current development strategy,” reads a recent article.

“We have enough to have mine again now and we’re fast tracking it,” said Lahontan CEO Kimberly Ann during a recent interview. “We started this process about two and a half years ago because we all know permitting takes a long time. We need to do it responsibly. We’re now deep in the weeds of it and we’ll be breaking ground in early 2027, if not sooner.”

To view the full article, visit https://ibn.fm/JR76Z

About Lahontan Gold Corp.

Lahontan Gold is a Canadian mine development and mineral exploration company that holds, through its U.S. subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 26.4 km 2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing*. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report*). The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.

For more information, visit the company’s website at https://lahontangoldcorp.com.

*Please see the “Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project,” Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: Dec. 10, 2024, Report Date: Jan. 24, 2025. The Technical Report is available on the company’s website and SEDAR+.

NOTE TO INVESTORS: The latest news and updates relating to LGCXF are available in the company’s newsroom at http://ibn.fm/LGCXF

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