Curated News
By: NewsRamp Editorial Staff
August 26, 2025
Lahontan Gold's Santa Fe Mine Advances to Full Environmental Assessment
TLDR
- Lahontan Gold gains a strategic advantage with BLM approval, advancing the Santa Fe Mine Project toward production and potential competitive positioning in Nevada's gold market.
- The BLM deemed Lahontan Gold's Exploration Plan complete after baseline biological, cultural, and historical studies, enabling full environmental assessment under NEPA with 700 drill sites planned.
- Lahontan Gold's responsible mine development in Nevada supports economic growth and resource sustainability, contributing to local communities and future mineral supply.
- Lahontan Gold's Santa Fe Mine Project covers 12 square kilometers with past production of over 359,000 ounces of gold, now advancing toward 2026 drilling.
Impact - Why it Matters
This development matters because it represents a critical step toward potentially bringing a major gold and silver mine into production, which could significantly impact both the mining industry and investment opportunities. For investors, it signals progress in a project with substantial mineral resources (over 1.5 million ounces of gold equivalent indicated) in mining-friendly Nevada, potentially creating value as the company advances toward production. For the broader economy, successful mine development could create jobs, contribute to domestic mineral production, and support the growing demand for precious metals. The environmental assessment phase also demonstrates responsible resource development practices that balance economic potential with regulatory compliance.
Summary
Lahontan Gold Corp (TSX.V: LG, OTCQB: LGCXF), a Canadian mine development company, has achieved a significant regulatory milestone as the Federal Bureau of Land Management has deemed the company's Exploration Plan of Operations complete for its flagship Santa Fe Mine Project in Nevada. This determination confirms that all baseline biological, cultural, and historical studies have been completed, allowing the project to advance into full environmental assessment under the National Environmental Protection Act. The comprehensive plan covers exploration across 12 square kilometers with more than 700 drill sites, positioning Lahontan to potentially complete the NEPA process and receive final approval by Q4 2025, enabling a robust drilling campaign in 2026.
The Santa Fe Mine Project represents a substantial gold and silver opportunity, with past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. The project boasts impressive mineral resources with a Canadian NI 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit-constrained. For more detailed information, investors can visit the company's newsroom at http://ibn.fm/LGCXF. The technical content has been reviewed by qualified professionals, ensuring compliance with industry standards, and the company plans to continue advancing toward production while updating its Preliminary Economic Assessment and testing its satellite West Santa Fe project during 2025.
This development is particularly significant given Nevada's status as a mining-friendly jurisdiction and the Walker Lane region's reputation for mineral wealth. The completion of baseline studies not only supports the current exploration plan but also provides valuable data for future mine planning operations. Investors and stakeholders can access the full press release at https://ibn.fm/CR2Bb for comprehensive details about this major step forward in Lahontan Gold's development timeline and the substantial mineral potential of the Santa Fe Mine Project.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold's Santa Fe Mine Advances to Full Environmental Assessment
