Curated News
By: NewsRamp Editorial Staff
November 26, 2025
Lahontan Gold Secures BLM Approval for West Santa Fe Drill Program
TLDR
- Lahontan Gold secured BLM approval for West Santa Fe drilling, positioning the company to validate historic results and potentially expand gold-silver resources ahead of competitors.
- Lahontan Gold's West Santa Fe drill program will systematically validate historic drilling data and test extensions of the shallow, oxidized gold-silver system using approved BLM permits.
- Lahontan Gold's Nevada exploration advances responsible mineral development that could create local jobs and contribute to sustainable resource production for future generations.
- Lahontan Gold's Santa Fe Mine previously produced over 359,000 ounces of gold and now explores adjacent West Santa Fe with newly approved federal permits.
Impact - Why it Matters
This development matters because it represents a critical step forward in validating and potentially expanding gold and silver resources in Nevada's prolific Walker Lane region, which has historically been one of North America's most productive mining districts. For investors, the BLM approval reduces regulatory uncertainty and moves the project closer to potential resource expansion and future production. The timing is particularly significant given current market conditions favoring precious metals as inflation hedges and safe-haven assets. Successful drilling results could substantially increase the company's resource base and valuation, while the option grant indicates management's confidence in long-term growth prospects. For the mining industry, continued development in established jurisdictions like Nevada supports regional economic activity and demonstrates the ongoing potential for new discoveries in mature mining districts.
Summary
Lahontan Gold Corp., a Canadian mine development company trading as Lahontan Gold (TSX.V: LG) (OTCQB: LGCXF), has achieved a significant regulatory milestone with Federal Bureau of Land Management approval for its maiden drill program at the West Santa Fe project in Nevada's Walker Lane region. This approval clears the company to validate historic drilling results and test extensions of the shallow, oxidized gold and silver system once its current drilling operations at the Santa Fe Mine are completed. The company also announced the granting of 9 million stock options at $0.15 per share, exercisable for five years with a four-month hold period, demonstrating confidence in its strategic direction and future growth prospects.
The company's flagship Santa Fe Mine project represents a substantial mineral resource with impressive historical credentials, having produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. According to Canadian National Instrument 43-101 compliant standards, the property contains an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent. The technical content has been reviewed and approved by Qualified Person Michael Lindholm, CPG, ensuring regulatory compliance and professional oversight. For investors seeking additional information, the company maintains comprehensive resources through its InvestorBrandNetwork presence and corporate website at www.lahontangoldcorp.com.
Looking ahead to 2025, Lahontan Gold Corp. plans to continue advancing the Santa Fe Mine project toward production while updating the Preliminary Economic Assessment and conducting drill testing at the West Santa Fe satellite project. The company operates within MiningNewsWire's Dynamic Brand Portfolio, which provides extensive distribution through InvestorWire's network solutions, editorial syndication to over 5,000 outlets, enhanced press release services, and social media distribution to millions of followers. This comprehensive communications platform ensures maximum visibility for the company's developments within the global mining and resources sectors, making it an attractive opportunity for investors following precious metals exploration and development.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Secures BLM Approval for West Santa Fe Drill Program
