Lahontan Gold Corp. Advances Santa Fe Mine Revival in Nevada's Prolific Walker Lane Region

Lahontan Gold Corp. is moving forward with plans to revitalize the past-producing Santa Fe Mine located in Nevada's Walker Lane region, a significant development in one of the world's most productive mining areas. CEO Kimberly Ann recently detailed the company's strategy during an appearance on The MiningNewsWire Podcast, highlighting the substantial opportunity presented by the mine's reported 2 million ounces of gold and history of low-cost open-pit heap leach operations. The company aims to fast-track development of this valuable asset, leveraging Nevada's favorable economic and regulatory environment along with gold's designation as a critical mineral to advance the project efficiently.

The Santa Fe Mine project contains substantial mineral resources that support its development potential, with a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent. These robust resource estimates underscore the project's capacity for significant gold and silver production, making it an important asset in the current market environment where gold continues to demonstrate strong investment appeal. The company's focus on shareholder value drives its strategic approach to developing this substantial resource base in a jurisdiction known for mining-friendly policies and established infrastructure.

Lahontan Gold Corp. has outlined specific milestones for advancing the Santa Fe Mine project, including plans to update the Preliminary Economic Assessment and conduct drill testing at the satellite West Santa Fe project by 2025. This systematic approach to development reflects the company's commitment to methodically advancing the project while managing risk and maximizing value. The combination of substantial existing resources, historical production data, and strategic development timeline positions the Santa Fe Mine as a potentially significant contributor to North American gold production. For additional information about the company's development plans and the Santa Fe Mine project, visit https://ibn.fm/5zSkM.

The revival of the Santa Fe Mine represents more than just corporate growth for Lahontan Gold Corp.; it signifies the potential reactivation of a historically productive mining operation in a region renowned for mineral endowment. Nevada's Walker Lane has hosted numerous successful mining operations over decades, and the Santa Fe Mine's return to production could contribute to the state's position as a leading gold producer globally. The project's advancement comes at a time when secure, domestic sources of critical minerals are increasingly important for economic and strategic reasons, adding significance to the development of substantial gold resources within the United States.