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FAQ: Lahontan Gold Corp.'s BLM Approval for Expanded Santa Fe Mine Exploration
TL;DR
Lahontan Gold gains regulatory approval to expand Santa Fe Mine exploration, positioning the company to potentially increase its gold and silver resources ahead of competitors.
The approved Exploration Plan permits drilling across 12.2 km² targeting 700+ holes to test geologic anomalies, historic intercepts, and untested zones beyond current resources.
Advancing the Santa Fe Mine project creates economic opportunities through responsible mineral development while adhering to environmental assessment standards for sustainable resource extraction.
The Santa Fe Mine previously produced over 359,000 ounces of gold and now targets new discoveries across multiple high-priority zones including the Pinnacles area.
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Lahontan Gold Corp. has received BLM approval for its Exploration Plan of Operations for the Santa Fe Mine project, concluding the NEPA Environmental Assessment process and authorizing expanded drilling and development.
This approval allows the company to advance a significantly expanded drilling program across a 12.2 km² area, targeting new geologic anomalies, historic high-grade intercepts, and multiple untested zones beyond current resources.
The approved plan permits exploration with more than 700 drill holes targeting new geologic and geochemical anomalies, historic high-grade intercepts, and untested zones including high-priority targets like the Pinnacles area and Guzzler zone.
The Santa Fe Mine project is located in the Walker Lane of mining-friendly Nevada and covers 26.4 km².
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 past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995.
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.
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.
Detailed technical information is available in the 'Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project' which is available on the Company's website and SEDAR+.
Lahontan Gold Corp. trades under TSX.V: LG and OTCQB: LGCXF.
For more information, visit the company's website at www.lahontangoldcorp.com.
Curated from InvestorBrandNetwork (IBN)
