Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is accelerating efforts to bring its flagship Santa Fe Mine in Nevada back into production, targeting a return to operations in 2027. The company controls four gold and silver properties in Nevada's Walker Lane, with the Santa Fe project serving as the cornerstone asset.
Santa Fe is not a speculative early-stage project. Between 1988 and 1995, the mine produced approximately 359,202 ounces of gold and 702,067 ounces of silver through open-pit heap-leach operations, during a period when gold prices were significantly lower than current levels. Today, the 28.3-square-kilometer property hosts an indicated mineral resource of 1.539 million ounces of gold, with further expansion drilling planned this year alongside an updated Preliminary Economic Assessment.
The company's strategy focuses on unlocking oxide gold and silver value from past-producing, infrastructure-rich projects. Through its U.S. subsidiaries, Lahontan controls four properties, three of which are 100%-owned and one controlled via a low-cost option to acquire full ownership. The clear near-term path to production distinguishes Lahontan from many junior miners, as the Santa Fe site already has existing infrastructure from its previous operations.
Investors can access the full article detailing Lahontan's progress at this link. For the latest news and updates regarding LGCXF, visit the company's newsroom at https://ibn.fm/LGCXF.
This announcement is significant because it highlights a potential near-term gold production story in a mining-friendly jurisdiction. With gold prices near historic highs, the reactivation of a past-producing mine like Santa Fe could generate substantial economic value for shareholders and contribute to local employment in Nevada. The updated economic assessment and expansion drilling will be key catalysts to watch in 2025.
About Lahontan Gold Corp.: Lahontan Gold is a Canadian mine development and exploration company advancing a portfolio of gold and silver assets in Nevada's Walker Lane. For more information, visit www.LahontanGoldCorp.com.
