Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has appointed Billy Choi as its new chief financial officer, with Choi expected to assume full CFO responsibilities in October 2026 following a transition period. The announcement comes as the company advances permitting for its flagship Santa Fe Mine and targets a restart of production in 2027.
Choi brings a wealth of financial experience to the role, most recently serving as vice president of finance at Lithium Royalty Corp. During his tenure there, he was involved in the company's initial public offering, public-company reporting, financial controls, and its subsequent acquisition by Altius Minerals. His background in the resource sector and capital markets is expected to be instrumental as Lahontan moves toward becoming a producer.
The appointment is a strategic step for Lahontan as it transitions from exploration and development to production. The Santa Fe Mine, located in the Walker Lane of mining-friendly Nevada, is the company's flagship property. It spans 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. The project hosts a Canadian National Instrument 43-101 compliant 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 Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag), all pit constrained.
Lahontan 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. The technical content of this news release 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 investors, the addition of a CFO with IPO and M&A experience signals a focus on financial discipline and readiness for the next phase of growth. As the company works towards a production decision, having a strong financial team in place is critical to securing funding, managing costs, and maximizing shareholder value. The Santa Fe Mine's substantial gold and silver resources, combined with the company's plans to update its economic assessment, position Lahontan as a potential mid-tier gold producer in a Tier-1 mining jurisdiction.
The news may also have implications for the broader mining industry, particularly in Nevada's Walker Lane trend, which is known for its high-grade gold and silver deposits. Successful restart of the Santa Fe Mine could attract further investment to the region and demonstrate the viability of overlooked brownfield projects. For readers in Halifax and surrounding areas, this announcement highlights the global reach of Canadian mining companies and the expertise of Canadian financial professionals in the resource sector.
To view the full press release, visit https://nnw.fm/BUdJ8. For more information about Lahontan Gold Corp., visit www.lahontangoldcorp.com.
