Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) is featured in a new video by BTV – Business Television, where CEO Kimberly Ann outlines the company's path to production at its flagship Santa Fe gold project in Nevada. Ann states that Lahontan expects to receive a key mine permit in the first quarter of 2025, positioning the project for construction and potential initial gold production before the end of the year.
Nevada's established infrastructure, mining workforce, and favorable regulatory environment are highlighted as critical advantages supporting project development. Ann also points to silver upside through the company's West Santa Fe asset and notes projected cash costs of approximately $1,100 to $1,200 per ounce, which she says position the project favorably amid strong precious metals prices.
The Santa Fe project, spanning 26.4 km², 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. According to a NI 43-101 technical report, the project hosts an 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).
The company plans to 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, a Qualified Person as defined in National Instrument 43-101.
To view the full press release, visit https://ibn.fm/J7GcM. For more information about Lahontan Gold Corp., visit their website at www.lahontangoldcorp.com. The latest news and updates relating to LGCXF are available in the company's newsroom at http://ibn.fm/LGCXF.
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