Lahontan Gold Boosts Santa Fe Resources by 22%, Advances Toward 2027 Production

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has announced an updated Mineral Resource Estimate (MRE) for its Santa Fe Mine in Nevada, revealing a 22% increase in project-wide pit-constrained resources compared to the 2024 MRE. The new estimate boasts 1.195 million indicated gold equivalent (Au Eq) ounces and 1.19 million inferred Au Eq ounces. Notably, the Santa Fe deposit saw a resource increase of over 26%, while the Slab and York deposits experienced a more than 37% increase in indicated and inferred oxide resources. This updated MRE will serve as the foundation for a forthcoming preliminary economic assessment (PEA) that will examine open-pit mining, heap-leach processing, and potential future processing of Santa Fe sulfide resources, with the company targeting mine construction by 2027.

Lahontan Gold is a Canadian mine development and exploration company holding four top-tier gold and silver properties in the Walker Lane of Nevada. Its flagship Santa Fe Mine project, spanning 26.4 km², previously produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 using open-pit and heap-leach methods. The project now hosts a NI 43-101 compliant indicated resource of 1,539,000 oz Au Eq and an inferred resource of 411,000 oz Au Eq, all pit-constrained. The company plans to advance the project toward production, update the Santa Fe PEA, and drill test its satellite West Santa Fe project during 2025. The technical content has been reviewed by Michael Lindholm, CPG, a Qualified Person under NI 43-101.

For more details, visit the full press release at https://nnw.fm/OPm3C. The company's website provides additional information at www.lahontangoldcorp.com. This update was disseminated by NetworkNewsWire, a financial news and content distribution platform, on behalf of Lahontan Gold Corp..