Lahontan Gold Corp. Receives BLM Approval for Expanded Drilling at Santa Fe Mine Project

The U.S. Bureau of Land Management (BLM) has granted approval for expanded drilling at Lahontan Gold Corp.'s flagship Santa Fe Mine project, representing a pivotal milestone for the company. Located in Nevada's prolific Walker Lane trend, this approval allows the company to explore new drill sites on unpatented federal claims, specifically targeting extensions of known gold and silver resources in the Slab and York zones. The Santa Fe Mine project encompasses 26.4 km2 and has a rich production history, having yielded 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995.

The project currently holds a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, positioning it as a significant asset for Lahontan Gold Corp. The company's Phase One drilling is currently underway, with assays from several completed holes anticipated in the coming weeks. This expansion approval from the BLM enables the company to systematically explore the full potential of its mineral claims, potentially unlocking substantial additional resources beyond the currently defined deposits.

This development carries significant implications for Nevada's mining sector and local economies. The Walker Lane trend is renowned for its mineral wealth, and the Santa Fe Mine project's advancement could further solidify Nevada's position as a leading mining jurisdiction. The BLM approval reflects a collaborative approach to mineral resource development that balances economic benefits with environmental stewardship. As gold and silver prices remain robust, successful expansion of resources at Santa Fe could mark a new chapter in Nevada's mining history while contributing to the state's economic vitality through job creation and mineral production.

The outcomes of the expanded drilling program will have far-reaching implications for Lahontan Gold Corp., the broader mining sector, and surrounding communities. Positive results could significantly increase the company's resource base and market valuation, while also demonstrating the continued potential for major mineral discoveries in established mining districts. The industry is watching closely as this exploration program unfolds, recognizing that successful resource expansion could set a precedent for similar projects throughout the Walker Lane trend and other mineral-rich regions.