Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF), a Canadian exploration and mine development company, was recently featured on The MiningNewsWire Podcast, where CEO Kimberly Ann discussed the company's plans to fast-track the revival of the Santa Fe Mine in Nevada's Walker Lane region. The Santa Fe Mine, with a history of 2 million ounces of gold production and a low-cost open-pit heap leach operation, presents a significant opportunity for Lahontan Gold Corp. to capitalize on the current economic and regulatory environment favorable to mining.
Ann emphasized the company's business-first approach and focus on shareholder value, detailing how the inclusion of gold on the critical minerals list adds to the project's appeal. The Santa Fe Mine boasts a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, positioning it as a key asset in Lahontan's portfolio. The company's strategy includes updating the Santa Fe Preliminary Economic Assessment and drilling tests at its satellite West Santa Fe project in 2025.
This development is significant for investors and the mining industry as it highlights the potential for reviving past-producing mines with substantial resources in mining-friendly jurisdictions. The Santa Fe Mine's revival could contribute to the local economy and the global gold supply, underscoring the importance of strategic mine development in today's market.
