Lahontan Gold's Santa Fe Mine Project Advances to Full Environmental Assessment
TL;DR
Lahontan Gold gains a strategic advantage with BLM approval, advancing the Santa Fe Mine Project toward production and potential competitive positioning in Nevada's gold market.
The BLM deemed Lahontan Gold's Exploration Plan complete after baseline biological, cultural, and historical studies, enabling full environmental assessment under NEPA with 700 drill sites planned.
Lahontan Gold's responsible mine development in Nevada supports economic growth and resource sustainability, contributing to local communities and future mineral supply.
Lahontan Gold's Santa Fe Mine Project covers 12 square kilometers with past production of over 359,000 ounces of gold, now advancing toward 2026 drilling.
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The Federal Bureau of Land Management has deemed Lahontan Gold Corp.'s Exploration Plan of Operations complete, allowing the Santa Fe Mine Project in Nevada to advance into full environmental assessment under the National Environmental Protection Act. This determination confirms completion of all baseline biological, cultural and historical studies, which can also support future mine planning. The plan provides for exploration across 12 square kilometers with more than 700 drill sites.
Lahontan anticipates completing the NEPA process and receiving final approval of the plan in Q4 2025, enabling a robust drilling campaign in 2026. The Santa Fe Mine project represents a significant development opportunity, with past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing.
The project holds 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, all pit constrained. The technical content has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.
This regulatory advancement is crucial for the mining industry as it demonstrates the progression of a major gold and silver project through the complex environmental approval process. The successful completion of NEPA assessment could pave the way for renewed production at a historically significant mining property, potentially contributing to domestic gold and silver supply. Investors and industry observers can monitor developments through the company's newsroom at https://ibn.fm/LGCXF.
The project's advancement through environmental review represents an important step in revitalizing Nevada's mining sector, which has historically been a significant contributor to the state's economy and the nation's mineral production. The thorough environmental assessment process ensures that mineral development proceeds with proper consideration of environmental protections and stakeholder concerns.
Curated from InvestorBrandNetwork (IBN)
