Lahontan Gold (TSXV:LG)

Lahontan Mobilizes Drill Rig to Santa Fe

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce that the Company has mobilized a reverse-circulation ("RC") drill rig and support equipment to its flagship Santa Fe Mine project in Nevada's prolific Walker Lane. Lahontan will initially concentrate Phase One of its 2025 drilling program on the Slab target area. Drilling will commence on the patented lode mining claims and then expand onto lands administered by the Federal Bureau of Land Management ("BLM") when formal approval of the Company's Notice of Intent ("NOI") is received.

Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented:"Lahontan is excited to begin its 2025 drill campaign at Santa Fe. The goal of the RC drilling program is to expand known gold and silver resources in the Slab and York target areas in order to increase the inventory of potentially minable precious metal ounces in this portion of the Santa Fe Mine project. Drilling will also provide additional sample material for metallurgical testing as recommended in the Santa Fe Project Technical report*. The Company anticipates initial assay results in a four to six week time frame".

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael Lindholm, P.Geo., Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Lindholm was not an author for the Technical Report* and does not take responsibility for the resource calculation but can confirm that the grade and ounces in this press release are the same as those given in the Technical Report. For more information, please visit our website: www.lahontangoldcorp.com

* Please see the "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project", Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company's website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30% and non-oxide gold and silver recoveries of 71%.

On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Executive Chair

FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, and Executive Chair
Phone: 1-530-414-4400
Email: Kimberly.ann@lahontangoldcorp.com
Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange("TSXV") nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedarplus.com

Source

Click here to connect with Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) to receive an Investor Presentation

LG:CA
Lahontan Gold Corp.

Lahontan Gold Corp. Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Lahontan Gold Corp. (TSXV:LG)

Lahontan Gold Corp.


Keep reading...Show less

Near-term gold production pathway in the highly prolific Walker Lane district in Nevada

IBN Initiates Coverage of Lahontan Gold Corp.

IBN Initiates Coverage of Lahontan Gold Corp.

Via IBN Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) a Canadian mine development and exploration company, has selected IBN a multifaceted financial news and publishing company serving private and public entities, to spearhead its corporate communications efforts.

Lahontan is advancing a portfolio of gold and silver assets in Nevada's Walker Lane, one of the world's most productive and mining-friendly regions. Through its U.S. subsidiaries, the company controls four gold and silver properties in Nevada, three of which are 100%-owned and one controlled via a low-cost option to acquire full ownership. Lahontan is focused on unlocking oxide gold and silver value from past-producing, infrastructure-rich projects, with a clear near-term path to production.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Lahontan Announces Closing of Upsized Private Placement of Units and Welcomes New Institutional Investor

Lahontan Announces Closing of Upsized Private Placement of Units and Welcomes New Institutional Investor

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the "Company" or "Lahontan") is pleased to announce that, further to its press releases of April 8, 2025, and April 22, 2025, the Company successfully completed its non-brokered private placement financing through the issuance of 42,705,700 units (each, a "Unit") in the capital of the Company at a price of $0.05 per Unit for aggregate gross proceeds of $2,135,285 (the "Offering"). The Company is also pleased to announce that Mr. Larry Lepard, through Equity Management Associates, LLC ("EMA") provided the lead order for the financing and were major participants in the Offering. Lahontan is excited to welcome Mr. Lepard and EMA as shareholders.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Lahontan Announces Upsize to Private Placement of Units

Lahontan Announces Upsize to Private Placement of Units

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the "Company" or "Lahontan") is pleased to announce that, further to its press release of April 8, 2025, the Company has increased the size of its non-brokered private placement financing to up to 44,000,000 units (each, a "Unit") at a price of $0.05 per Unit for aggregate gross proceeds of up to $2,200,000 (the "Offering").

Each Unit is comprised of one common share of the Company (each, a "Common Share") and one-half of one whole Common Share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.08 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed CDN$0.12 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the "Reduced Warrant Term") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Lahontan Announces Private Placement of Units

Lahontan Announces Private Placement of Units

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the "Company" or "Lahontan") is pleased to announce a non-brokered private placement financing for gross proceeds of up to $2,000,000 through the issuance of up to 40,000,000 units (the "Units") at a price of $0.05 per Unit (the "Offering").

Each Unit is comprised of one common share of the Company (each, a "Common Share") and one-half of one whole Common Share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.08 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed CDN$0.12 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the "Reduced Warrant Term") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
VIDEO - CEO Clips - Lahontan Gold: Revitalizing a Proven Gold Asset in Nevada

VIDEO - CEO Clips - Lahontan Gold: Revitalizing a Proven Gold Asset in Nevada

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) Positioned in Nevada's prolific mining region, Lahontan Gold Corp. is advancing a proven gold asset with a strategy focused on near-term production and resource expansion. By fast-tracking development in a stable jurisdiction, the company aims to generate cash flow while continuing to grow its gold resource.

www.b-tv.com/post/ceo-clips---lahontan-gold-corp-revitalizing-a-proven-gold-asset-in-nevada-btv-60

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Marvel Gold Limited

Signing of Binding Share Purchase Agreement Tabakorole and Yanfolila, Mali

Marvel Gold Limited (ASX: MVL) (Marvel or the Company) is pleased to announce that it has entered into a binding Share Purchase Agreement (Agreement) with Anchises Capital LLC (Anchises) to sell its interests in the Tabakorole and Yanfolila Gold Projects in Mali via the sale of the issued capital of Marvel’s wholly owned subsidiaries, Marvel Gold Australia Pty Ltd, Sola Mining SARL and Yanfo SARL (Subsidiaries) that hold Marvel’s interests in the Tabakorole and Yanfolila Gold Projects (Transaction).

Keep reading...Show less
Asra Minerals Limited

Asra Strengthens Leadership & Technical Team to Drive Leonora Gold Strategy

Asra Minerals Limited (ASX: ASR; “Asra” or “the Company”) is pleased to announce key updates to its leadership and technical team. Effectively immediately, Mr Paul Stephen has been appointed Managing Director, and Mr Ziggy Lubieniecki has been engaged as a Geological Consultant to assist Asra Minerals’ exploration programs.

Keep reading...Show less
Harvest Gold President and CEO Rick Mark.

Harvest Gold CEO Outlines Strategic Play in Québec’s Gold-rich Abitibi Region

Harvest Gold (TSXV:HVG) President and CEO Rick Mark believes the company has a strong position in Québec's Abitibi greenstone belt, emphasizing the highly prospective Urban-Barry belt, "a very well-known mine-producing belt."

In an interview with the Investing News Network, Mark also honed in on Québec's supportive mining environment and accessible properties, which keep exploration costs "relatively very inexpensive."

“The exciting thing about the Urban-Barry belt is it contains a (gold) deposit called Windfall, which Gold Fields (NYSE:GFI) just bought from Osisko Mining,” Mark noted. “Now, the interesting thing about that as well is that the belt itself is basically owned by Gold Fields, except for the three large properties that Harvest Gold has in the belt.”

Keep reading...Show less
NevGold Adds More Significant Oxide Gold-Antimony Results: 7.04 g/t AuEq Over 15.2 Meters  Within 4.14 g/t AuEq Over 29.0 Meters , and Expands Gold-Antimony Mineralization Over 400 Meters Along Strike at the Limousine Butte Project, Nevada

NevGold Adds More Significant Oxide Gold-Antimony Results: 7.04 g/t AuEq Over 15.2 Meters Within 4.14 g/t AuEq Over 29.0 Meters , and Expands Gold-Antimony Mineralization Over 400 Meters Along Strike at the Limousine Butte Project, Nevada

Nevgold Corp. (" NevGold " or the " Company ") (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce that it has discovered further significant oxide gold-antimony ("Antimony", "Sb") drill results at its Limousine Butte Project (the "Project", "Limo Butte") in Nevada. The Company continues to unlock the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world's prolific mining jurisdictions.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Adam Rozencwajg, gold bars.

Adam Rozencwajg: Gold Stock Gains, Silver and Uranium Prices — Plus PGMs Bull Case

Adam Rozencwajg, managing partner at Goehring & Rozencwajg, shares his latest thoughts on the gold, silver and uranium markets, also discussing why he's bullish on platinum.

In his view, it has "all the hallmarks of something we like to get involved with."

Keep reading...Show less
Satellite orbiting Earth with visible solar panels and distant planetary horizon.

Satellite Imagery and Gold Exploration

Exploring for gold is a costly endeavor that often comes with great risks, especially for junior mining companies.

These small-scale companies are faced with the challenge of locating a metal that is extremely rare, and even if they do find it, they need to ensure gold is present in economically viable quantities.

That’s where the use of satellite imagery and remote sensing comes in. Using satellite systems scanning for gold helps explorers survey land without having to invest heavily in equipment or develop on-site infrastructure.

Keep reading...Show less
Lahontan Gold Corp.

Lahontan Gold Corp. Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×