Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is building momentum toward production at its flagship Santa Fe Mine project in Nevada, with a targeted return to production in 2027. The company, which controls four gold and silver properties in Nevada's Walker Lane through its U.S. subsidiaries, is advancing the Santa Fe Mine, a past-producing asset that has already demonstrated its economic viability.
Between 1988 and 1995, the Santa Fe Mine produced approximately 359,202 ounces of gold and 702,067 ounces of silver through open-pit heap-leach operations. This production occurred during a period when gold traded at a fraction of current prices, highlighting the project's potential in today's higher gold price environment. The 28.3-square-kilometer property now hosts an indicated mineral resource of 1.539 million ounces of gold, with further expansion drilling planned this year alongside an updated Preliminary Economic Assessment.
Lahontan Gold's focus on the Santa Fe Mine is strategic, as the project benefits from existing infrastructure and a clear path to production. The company is not pursuing an early-stage conceptual exploration story but rather advancing a known asset with a history of production and significant remaining resources. The updated Preliminary Economic Assessment will provide a fresh evaluation of the project's economics, incorporating current gold prices and modern mining techniques.
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Lahontan Gold is a Canadian mine development and exploration company advancing a portfolio of gold and silver assets in Nevada's Walker Lane, one of the world's most productive and mining-friendly regions. Through its U.S. subsidiaries, the company controls four gold and silver properties in Nevada, three of which are 100%-owned and one controlled via a low-cost option to acquire full ownership. With a clear near-term path to production, Lahontan is focused on unlocking oxide gold and silver value from past-producing, infrastructure-rich projects. For more information, visit the company's website at www.LahontanGoldCorp.com.
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