Lahontan Gold Corp. Advances Santa Fe Mine Revival in Nevada's Walker Lane

Lahontan Gold Corp. is accelerating plans to revive the past-producing Santa Fe Mine in Nevada's Walker Lane region, with CEO Kimberly Ann outlining the company's strategy during a recent podcast appearance. The mine's historical production of 2 million ounces of gold through low-cost open-pit heap leach operations positions it as a compelling development opportunity in one of the world's most productive mining jurisdictions. Nevada's favorable economic and regulatory framework, combined with gold's designation as a critical mineral, provides strong tailwinds for the project's advancement.

The Santa Fe Mine project contains substantial mineral resources, with a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces gold equivalent and an Inferred Mineral Resource of 411,000 ounces gold equivalent. These established resources provide a solid foundation for the company's planned production restart and underscore the project's potential for significant gold and silver recovery. The company's immediate focus includes updating the Santa Fe Preliminary Economic Assessment and conducting drill testing at the satellite West Santa Fe project by 2025.

Ann emphasized that the company's approach centers on maximizing shareholder value through systematic development of the Santa Fe assets. The project's location in the Walker Lane mineral belt offers additional exploration upside beyond the known resources, with the region hosting numerous successful mining operations. The combination of historical production data, established infrastructure, and modern mining techniques positions Lahontan Gold Corp. to efficiently advance the Santa Fe Mine toward renewed production. For additional information about the company's development plans, visit https://ibn.fm/5zSkM.

The strategic importance of reviving the Santa Fe Mine extends beyond corporate objectives to broader industry implications. As global gold demand continues to strengthen amid economic uncertainty, the return to production of established mining assets represents an efficient path to increasing supply. Nevada's status as a mining-friendly jurisdiction further enhances the project's viability, reducing regulatory hurdles that often delay new mine development. The company's focused timeline for resource expansion and economic assessment reflects the urgency with which the mining industry is responding to evolving market conditions and the critical minerals landscape.