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Lahontan Gold Corp.

TSXV:LG

The Next Multi-Million Ounce Gold and Silver Discovery in Nevada's Walker Lane Gold Trend

Company Highlights

  • Lahontan Gold is headed by Kimberly Ann who brings over 20 years of business and capital markets experience, and Brian J. Maher, an economic geologist with over 40 years of experience in international mining and exploration.
  • Lahontan Gold has a district-scale land package of 32 square kilometers in the heart of Nevada's Walker Lane Gold Trend including three projects with multimillion ounce potential.
    • The flagship Santa Fe project is a high-grade gold and silver asset with past production of 345,000 ounces of gold and 710,000 ounces of silver.
    • The Moho project is a high-grade gold and silver asset with the potential to reach a plus one million ounces at high grades.
    • The Redlich project has the potential to be a major discovery with a historic resource estimate of 16.5 million ounces of silver equivalent.
  • The company is well-funded with a strong financial position. The company has raised C$12.5 million to date and is completely debt-free.
  • In March, the company closed a private placement with gross proceeds of C$4,000,000
  • The company is led by an experienced management team with decades of experience in Nevada and a proven track record of significant discovery including the Jasperoide, Eagle, Magino, Sierra Aspera and Silver Bell mines.
Press Releases


Overview

If you love gold and you love the USA, then you need to be in Nevada, the world's fifth largest producer of gold, totaling almost 170 million ounces from 1850 to 2018. Nevada is known for its large clusters of deposits known as "Trends", and a majority of Nevada's gold production comes from the Carlin Trend, the Cortez Trend and, of course, the Walker Lane Trend where Lahontan Gold is operating.

Lahontan Gold (TSXV:LG, OTCQB: LGCXF) may be a new player in the Walker Lane but the company is one investors should pay close attention to. Lahontan Gold was formed by combining three high-quality projects held by Victoria Gold and KA Gold LLC in September 2020.

KA Gold is a private company with a strong, successful background in the capital markets. Headed by two Managing Partners, Kimberly Ann and Brian Maher, KA Gold has partnered with several mid-tier precious metal producers on precious metals projects in the Great Basin of the western United States.

Kimberly Ann is Lahontan Gold's Founder, President, CEO and Board Member and has served in various senior executive functions for multiple TSX-listed junior mining companies. She has raised over $210M in project financing and directed three major junior mining rebranding projects.

This time, she is focused on bringing Lahontan Gold to a similar success and is ready to dig into the work. In an interview with INN, she said, "I've built and sold three companies and made money for my investors and I want to continue down that path of success because I believe in the mining space. We need CEOs that want to work for the shareholders more than their salary. I don't care about that. I care about building things and making money for my shareholders."

Brian Maher is Lahontan Gold's Founder, Director of Exploration, and brings over 40 years of experience in international mining and exploration. Maher's long list of accomplishments include being part of Argonaut Gold's $340M acquisition of Prodigy Gold, leading exploration and mine operations for Metallic Ventures Gold and Hochschild Mining.

Lake Lahontan

Lahontan Gold Corp is named for prehistoric Lake Lahontan which covered over 22,000 square kilometres of western Nevada and eastern California during the last Ice Age.

Lahontan Gold has a district-scale land package of 32 square kilometers in the heart of Nevada's Walker Lane. The company's properties include three high-potential multimillion ounce projects, two of them are past producers. The company's properties are all accessible year-round and have excellent infrastructure.

Lahontan Gold's fully-owned flagship Santa Fe project produced approximately 400,000 ounces of gold between 1988 and 1992 and is contiguous with the Isabella Pearl mine operated by Fortitude Gold. The Isabella Pearl mine is a high-grade open-pit heap leach operation currently in production.

Kimberly Ann shared how she got involved with the project and said to INN, "Our flagship asset Santa Fe was in the hands of Victoria Gold for a very long time and the CEO came to me and said he wanted me to run the project. I had just sold my last company for a seven-fold profit for my shareholders in less than 24 months, so I had a lot of people with their eyes on me wanting to know what I was going to do next."

She is dedicated to Lahontan Gold's success and said "We're going to build this up as far as we can take it, whether we bring Santa Fe back into production or sell it to a major, it doesn't really matter. Whatever makes our shareholders money."

Project Location

In contrast, the company's Moho project hosts a group of past-producing, high-grade gold and silver veins that have seen little historic exploration. The company strongly believes that the Moho project has the potential to reach one million ounces at grades as high as 9 to 15 gpt of gold equivalent.

Lahontan Gold's Redlich project has the potential to be a major discovery with a historic resource estimate of 16.5 million ounces of silver equivalent. The Redlich project is also on strike with the Candelaria open-pit silver mine.

The company is well-funded with a strong financial position. In March 2022, the company announced the closing of a private placement with gross proceeds of C$4,000,000. In total, the company has raised C$12.5 million and is completely debt-free.

Lahontan Gold plans to continue its drilling program on its Santa Fe asset, having completed 10,000 meters of an aggressive 25,000 meters drill program with the goal of providing its shareholders with an NI 43-101 resource estimate in 2022

Lahontan Gold's management team has a proven track record of significant discovery including the Jasperoide project operated by C3 Metals, the Eagle Gold mine operated by Victoria Gold, the Magino mine operated by Argonaut Gold, the Sierra Aspera mine previously operated by Southern Copper and the Silver Bell mine operated by Asarco. The company's management team also has a vested interest in delivering shareholder value with almost 15 percent of pro forma ownership in the company.

Company Highlights

  • Lahontan Gold is headed by Kimberly Ann who brings over 20 years of business and capital markets experience, and Brian J. Maher, an economic geologist with over 40 years of experience in international mining and exploration.
  • Lahontan Gold has a district-scale land package of 32 square kilometers in the heart of Nevada's Walker Lane Gold Trend including three projects with multimillion ounce potential.
    • The flagship Santa Fe project is a high-grade gold and silver asset with past production of 345,000 ounces of gold and 710,000 ounces of silver.
    • The Moho project is a high-grade gold and silver asset with the potential to reach a plus one million ounces at high grades.
    • The Redlich project has the potential to be a major discovery with a historic resource estimate of 16.5 million ounces of silver equivalent.
  • The company is well-funded with a strong financial position. The company has raised C$12.5 million to date and is completely debt-free.
  • In March, the company closed a private placement with gross proceeds of C$4,000,000
  • The company is led by an experienced management team with decades of experience in Nevada and a proven track record of significant discovery including the Jasperoide, Eagle, Magino, Sierra Aspera and Silver Bell mines.

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