Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) is advancing its flagship Santa Fe gold project in Nevada toward production, with CEO Kimberly Ann stating in a new BTV – Business Television interview that the company expects to receive a key mine permit in the first quarter of next year. This milestone would allow construction to commence, with potential initial gold production before year-end. Ann highlighted Nevada's established infrastructure, skilled mining workforce, and supportive regulatory framework as significant advantages for project development.
The Santa Fe project, covering 26.4 km², has a history of past production: between 1988 and 1995, open pit mines using heap-leach processing yielded 359,202 ounces of gold and 702,067 ounces of silver. 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). Ann also noted the potential for silver upside through the company's West Santa Fe asset.
Projected cash costs of approximately $1,100 to $1,200 per ounce position the project favorably amid strong precious metals prices, Ann said. The company plans to update the Santa Fe Preliminary Economic Assessment and drill test West Santa Fe during 2025. The technical content of this release has been reviewed by Michael Lindholm, CPG, a Qualified Person under NI 43-101.
BTV – Business Television, which produced the interview, is a capital markets-focused production agency with over 25 years of experience, distributing content via Bloomberg, CNBC, FOX Business Network, and digital financial platforms. For more information, visit Lahontan Gold's website at www.lahontangoldcorp.com. The full press release is available at https://ibn.fm/J7GcM.
