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Lahontan Gold Launches Major Drill Program at Nevada Santa Fe Mine

Lahontan Gold Corp mobilizes drill rig for 4,000-meter program at Santa Fe Mine in Nevada. CEO Kimberly Ann calls it vital for resource upgrade and mine planning.

This drilling campaign represents a critical transition from exploration to development phase for Lahontan Gold, potentially unlocking significant shareholder value as the company moves toward mine planning and permitting. For investors in the junior mining sector, successful resource upgrades could substantially increase the project's valuation and attract larger mining partners or acquisition interest. The timing is particularly relevant given current gold price strength and growing demand for precious metals as inflation hedges. Nevada's established mining jurisdiction reduces regulatory risks, while the Santa Fe Mine's historical production demonstrates the property's proven mineral potential, making this development phase crucial for determining the project's economic viability and future production timeline.