FAQ: Lahontan Gold Corp.'s Santa Fe Mine Project Environmental Assessment and Progress
Summary
Lahontan Gold Corp.'s Santa Fe Mine Project in Nevada has advanced to full environmental assessment under NEPA after the BLM deemed its Exploration Plan complete, with final approval expected in Q4 2025 to enable a 2026 drilling campaign.
What is the main announcement from Lahontan Gold Corp.?
The Federal Bureau of Land Management has deemed the company’s Exploration Plan of Operations complete, allowing the Santa Fe Mine Project to advance into full environmental assessment under the National Environmental Protection Act (NEPA).
Why is this advancement significant for the Santa Fe Mine Project?
This determination confirms completion of all baseline biological, cultural, and historical studies, which can also support future mine planning and moves the project closer to operational approval.
How extensive is the exploration plan for the Santa Fe Mine Project?
The plan provides for exploration across 12 square kilometers with more than 700 drill sites, indicating a substantial scope for resource evaluation.
When is the NEPA process expected to be completed and final approval received?
Lahontan anticipates completing the NEPA process and receiving final approval of the plan in Q4 2025, enabling a robust drilling campaign in 2026.
Where is the Santa Fe Mine Project located?
The Santa Fe Mine Project is located in the Walker Lane of mining-friendly Nevada, USA, covering 26.4 km².
What are the mineral resources at the Santa Fe Mine Project?
The project has an Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained, with detailed grading and recovery assumptions provided in the Technical Report.
Who reviewed and approved the technical content of this announcement?
The technical content was 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.
What are Lahontan Gold Corp.’s plans for 2025 regarding the Santa Fe Mine Project?
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.
Where can I find more information about Lahontan Gold Corp. and its projects?
For more information, visit the company’s website at www.lahontangoldcorp.com or check the latest news and updates at http://ibn.fm/LGCXF.
What is the historical production background of the Santa Fe Mine?
The Santa Fe Mine 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.
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