Lahontan Gold Corp. has mobilized a Super 90 track-mounted core drill rig to its flagship Santa Fe Mine Project in Nevada's Walker Lane. The drilling program is focused on collecting samples for waste rock geochemical characterization and further defining groundwater distribution in areas proposed for open pit mining. These activities are key components of the state-level permitting process required for the project's advancement.
The company expects the data generated to support its plans for the resumption of open pit mining and heap leach processing at Santa Fe. The objective is to remain on schedule to break ground at the project in 2027. The Santa Fe Mine project covers 26.4 km² and 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.
According to the company's technical disclosure, the Santa Fe Mine has 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 announcement 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.
For more detailed technical information, the Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project is available on the Company's website and SEDAR+. 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. Additional company information can be found at www.lahontangoldcorp.com.
