Lahontan Gold Corp. Advances Santa Fe Mine Revival in Nevada's Walker Lane
TL;DR
Lahontan Gold Corp. offers investors a strategic advantage with its Santa Fe Mine project, boasting 2 million ounces of gold and a favorable regulatory environment in Nevada.
Lahontan Gold Corp. plans to revive the Santa Fe Mine by leveraging its low-cost open-pit heap leach history and updating its Preliminary Economic Assessment for 2025.
Reviving the Santa Fe Mine contributes to economic growth and job creation in Nevada, aligning with global efforts to secure critical minerals like gold.
Discover how Lahontan Gold Corp. is tapping into Nevada's rich mining history to unlock the potential of the Santa Fe Mine's 2 million ounces of gold.
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Lahontan Gold Corp. CEO Kimberly Ann recently detailed the company's strategy to fast-track the revival of the past-producing Santa Fe Mine during an appearance on The MiningNewsWire Podcast. The Santa Fe Mine, located in Nevada's Walker Lane region, represents a substantial opportunity with its reported 2 million ounces of gold and history of low-cost open-pit heap leach operations. This positioning in one of the world's most prolific mining districts provides Lahontan Gold Corp. with significant advantages as it moves toward renewed production.
The company benefits from Nevada's favorable economic and regulatory environment, which Ann highlighted as crucial factors in the development timeline. Additionally, gold's inclusion on the critical minerals list further enhances the project's strategic importance. These elements combine to create an optimal setting for advancing the Santa Fe Mine toward production, with the company focused on maximizing shareholder value through efficient project execution.
Lahontan Gold Corp. maintains ambitious operational targets, including updating the Santa Fe Preliminary Economic Assessment and conducting drill testing at the satellite West Santa Fe project by 2025. The project's substantial resource base includes a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces gold equivalent and an Inferred Mineral Resource of 411,000 ounces gold equivalent. These figures underscore the significant potential for both gold and silver production at the Santa Fe Mine.
The company's approach leverages the mine's established infrastructure and proven operational history, which previously demonstrated successful low-cost open-pit heap leach operations. This historical performance, combined with current resource estimates, positions the Santa Fe Mine as a compelling development opportunity in the North American mining landscape. For additional information about Lahontan Gold Corp.'s development plans and the Santa Fe Mine project, visit https://ibn.fm/5zSkM.
Curated from InvestorBrandNetwork (IBN)
