Curated News
By: NewsRamp Editorial Staff
October 23, 2025
Lahontan Gold Expands Nevada Footprint with Strategic York Claims Acquisition
TLDR
- Lahontan Gold's strategic acquisition of the York claims expands their resource base and provides potential for future pit optimization, enhancing their competitive position in Nevada's gold belt.
- Lahontan Gold acquired 27 mining claims through a structured transaction involving cash payments, shares, and royalty agreements to expand their Santa Fe Mine Project resources.
- This expansion of mining resources contributes to economic development in Nevada while advancing responsible mineral extraction practices for future generations.
- Recent drilling revealed 89.9 meters of gold mineralization, showcasing the exciting exploration potential of Lahontan's newly acquired York claims in Nevada.
Impact - Why it Matters
This acquisition matters because it significantly enhances Lahontan Gold's resource base in Nevada's Walker Lane, one of the world's most productive gold belts. For investors, the expansion of mineral resources through strategic acquisitions typically increases a mining company's valuation potential and long-term production prospects. The demonstrated mineralization continuity from existing deposits onto the new claims reduces exploration risk while providing clear pathways for future mine planning and pit optimization. In the current economic environment where gold serves as both an industrial commodity and safe-haven asset, companies with growing resource bases in stable jurisdictions like Nevada are well-positioned to capitalize on rising precious metal demand. The transaction's structure, including royalty buyback provisions, shows prudent financial management while securing strategic ground that could substantially extend the mine life and production profile of the Santa Fe operation.
Summary
Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has successfully completed the strategic acquisition of 27 unpatented lode mining claims, known as the York claims, from Emergent Metals Corp. This significant purchase connects directly to the southeast corner of Lahontan's flagship Santa Fe Mine Project in Nevada's prolific Walker Lane gold belt. The acquisition demonstrates substantial potential for expanding oxide gold and silver resources, with recent drilling results including hole YOR25-001R intercepting 89.9 meters grading 0.23 g/t gold, confirming mineralization extends onto the newly acquired claims. Founder, Chair, CEO, and President Kimberly Ann emphasized the strategic importance, noting both the resource expansion potential and the ability to further lay back the York pit in future operations. The transaction terms included a US$10,000 payment, a US$50,000 promissory note, 2 million Lahontan shares to Emergent, and a 1% NSR royalty on the York claims, which can be bought back for up to US$1 million within seven years.
With this acquisition, Lahontan now controls an impressive 506 claims spanning over 2,832 hectares across one of the world's premier gold districts. The company's flagship Santa Fe Mine project has a rich history of past production, yielding 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 through open pit mining and heap-leach processing. Current resources include 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. The technical content has been reviewed and approved by Qualified Person Michael Lindholm, CPG, ensuring compliance with industry standards. For comprehensive details, investors can access the full press release through the InvestorBrandNetwork and explore additional information about the company's corporate communications solutions and Dynamic Brand Portfolio.
Looking forward, Lahontan Gold Corp. plans to continue advancing the Santa Fe Mine project toward production, update the Santa Fe Preliminary Economic Assessment, and conduct drill testing at its satellite West Santa Fe project during 2025. The company maintains a strong presence in mining-friendly Nevada with four top-tier gold and silver exploration properties. Investors seeking the latest updates can monitor the company's newsroom through the provided InvestorBrandNetwork link, while those interested in sector developments can subscribe to MiningNewsWire's SMS alerts by texting "BigHole" to 888-902-4192. This acquisition represents a calculated expansion in a world-class mining jurisdiction, positioning Lahontan for continued growth and resource development in the competitive precious metals sector.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Expands Nevada Footprint with Strategic York Claims Acquisition
