Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) announced that its Exploration Plan of Operations has entered the National Environmental Policy Act (NEPA) review process by the U.S. Bureau of Land Management (BLM). The company noted that the process is expected to proceed quickly as a draft Environmental Assessment (EA) has already been completed. Additionally, Lahontan signed a Contributed Funds Agreement to provide funding for additional BLM personnel, which could expedite the review.
CEO Kimberly Ann stated that the plan supports staged drilling of more than 700 holes at the Santa Fe Mine Project, enhancing opportunities to expand gold and silver resources and future mining potential. The Santa Fe Mine, located in the Walker Lane of Nevada, had 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 company holds a NI 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) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag), all pit constrained. Lahontan plans to continue advancing the Santa Fe Mine project towards production, update the Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.
For more information, visit the company's website at www.lahontangoldcorp.com. The latest news and updates relating to LGCXF are available at http://ibn.fm/LGCXF.
