Lahontan Gold Corp.
Lahontan Gold Corp., a mining company, holds significant gold and silver properties in Nevada, focusing on the exploration and potential reactivation of the Santa Fe Mine, which historically produced substantial quantities of gold and silver.
Company Overview
Lahontan Gold Corp. is a mining company focused on gold and silver exploration. The company holds four top-tier properties located in Nevada's Walker Lane, a region renowned for its mineral richness. With ambitious plans for exploration and development, Lahontan Gold Corp. continues to expand its asset base and evaluate potential reactivation scenarios for its flagship site, the Santa Fe Mine.
Flagship Property: Santa Fe Mine
The Santa Fe Mine, Lahontan Gold Corp.'s flagship property, is notable for its historical production of 345,000 ounces of gold and 711,000 ounces of silver between 1988 and 1995. The mine currently has an Indicated Mineral Resource of 1,112,000 ounces of gold equivalent (Au Eq) and an Inferred Mineral Resource of 544,000 ounces Au Eq. Lahontan Gold Corp. plans to aggressively explore the property in 2024, focusing on evaluating development scenarios for potential reactivation.
Exploration Properties
In addition to the Santa Fe Mine, Lahontan Gold Corp. holds three other key properties: the newly acquired West Santa Fe property, the Moho property, and the Redlich Silver property. The West Santa Fe property has significant potential for adding shallow oxide resources. Both Moho and Redlich Silver are drill-ready and show excellent exploration potential, which positions Lahontan Gold Corp. well for future discoveries and resource expansions.
Expansion and Financing
Lahontan Gold Corp. continues to expand its land package, now controlling over 26.4 km² at the Santa Fe Mine. Prior to going public on April 13, 2022, the company successfully completed equity financing totaling over $12.5 million. This financial backing supports the company's robust exploration and development plans.
2024 Initiatives
Looking ahead to 2024, Lahontan Gold Corp. plans to undertake several key initiatives. These include aggressive exploration of the Santa Fe Mine, completing a comprehensive metallurgical review, and producing an updated Technical Report with a Preliminary Economic Assessment (PEA). These efforts aim to maximize the potential of their properties and outline future development pathways.