Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has submitted a Notice of Operations to the U.S. Bureau of Land Management for its planned exploration drilling program at the West Santa Fe Project, located 13 kilometers southwest of the Company's flagship Santa Fe Mine Project. The submission represents a critical regulatory milestone that could unlock new mineral potential in a historically productive mining district.
The Notice covers multiple drill sites, access roads, and drilling sumps as Lahontan prepares to twin historic holes, drill down-dip, and test mineralization along strike. Historical work totaling 171 drill holes over 13,000 meters outlined shallow, oxidized gold and silver mineralization near the historic Mindora underground mine, providing a substantial foundation for the company's exploration efforts.
Kimberly Ann, Lahontan Founder, Chair, CEO, and President, stated that once approved, the Company will be able to conduct its first drilling program at the project, seeking to validate the extensive historic drill hole database and expand the footprint of disseminated gold and silver mineralization at West Santa Fe. This validation process is crucial for converting historical data into compliant mineral resources that meet modern regulatory standards.
The West Santa Fe Project represents a strategic expansion opportunity for Lahontan, which holds four top-tier gold and silver exploration properties in the Walker Lane of mining-friendly Nevada. The company's flagship Santa Fe Mine project had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing, demonstrating the region's proven mineral endowment.
According to technical documentation available through the company's website at https://www.lahontangoldcorp.com, the Santa Fe Mine currently hosts a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained. The technical content of the company's disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.
The significance of this regulatory submission extends beyond corporate development, potentially impacting regional economic development and global gold supply. Successful exploration at West Santa Fe could contribute to Nevada's position as one of the world's premier gold-producing regions while adding to the company's resource base during a period of sustained gold price strength. 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.
Investors and stakeholders can access the latest news and updates relating to LGCXF through the company's newsroom at http://ibn.fm/LGCXF, providing ongoing transparency about project development. The regulatory approval process now underway with the Bureau of Land Management represents a critical path item that could enable the company to commence field work and begin converting historical mineralization data into modern mineral resource estimates.
