Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) is featured in a new BTV – Business Television video where CEO Kimberly Ann outlines the company’s path to production at its Santa Fe gold project in Nevada. Ann said the company expects to receive a key mine permit in the first quarter of next year, positioning the project for construction and potential initial gold production before year-end. The announcement underscores the company's progress in advancing a project that already has a history of past production and significant resources.
The Santa Fe project, covering 26.4 km², produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines using heap-leach processing. According to a NI 43-101 technical report, the project has 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 resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag). The company plans to update the preliminary economic assessment and drill test its satellite West Santa Fe project in 2025.
Ann highlighted Nevada's established infrastructure, mining workforce, and favorable regulatory environment as key advantages. She also pointed to silver upside through the West Santa Fe asset and noted projected cash costs of approximately $1,100 to $1,200 per ounce, which she said position the project favorably amid strong precious metals prices. The company's focus on cost efficiency and resource expansion could make it a significant player in the Nevada gold sector.
The full press release is available at https://ibn.fm/J7GcM. Investors seeking updates on LGCXF can access the company's newsroom at http://ibn.fm/LGCXF.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company holding four gold and silver properties in Nevada's Walker Lane. The Santa Fe project's past production and current resources provide a strong foundation for the company's production timeline. With permits expected soon, the company is moving closer to becoming a gold producer in one of the world's most mining-friendly jurisdictions.
The technical content of this news release has been reviewed by Michael Lindholm, CPG, a Qualified Person under NI 43-101. The company's website is www.lahontangoldcorp.com.
