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FAQ: Lahontan Gold Corp. Santa Fe Project Update and 2027 Mine Restart Plans
Lahontan Gold Corp. is advancing its Santa Fe Mine Project in Nevada towards a planned 2027 mine restart, with key milestones including an updated mineral resource estimate and a revised preliminary economic assessment. The company completed 87 drill holes this year, made a new gold discovery at Slab West, and is evaluating reprocessing historic heap leach pads for low-cost production.
Lahontan Gold provided an update on its Santa Fe Mine Project, stating it remains on track to begin construction in 2027, with an updated mineral resource estimate expected in weeks and a revised preliminary economic assessment by end of August 2026.
The Santa Fe Mine has past production of 359,202 oz gold and 702,067 oz silver and currently hosts an NI 43-101 compliant Indicated Resource of 1,539,000 oz Au Eq and Inferred Resource of 411,000 oz Au Eq, making it a top-tier gold-silver project in Nevada.
The company completed 87 drill holes totaling 7,751 meters, leading to the new Slab West gold discovery which remains open in all directions, and is also drilling to evaluate reprocessing historic heap leach pads.
The company plans to begin construction in 2027, according to the update.
The Santa Fe Mine Project is located in the Walker Lane of Nevada, a mining-friendly jurisdiction, and covers 26.4 km².
Permitting work includes groundwater studies and waste rock characterization, with state and federal permitting expected to follow the updated resource estimate and revised preliminary economic assessment.
Michael Lindholm, CPG, an independent consulting geologist, reviewed and approved the technical content of the news release.
Visit the company's website at www.lahontangoldcorp.com or view the full press release at https://ibn.fm/ohBUb.