Lahontan Gold's Santa Fe Mine Project Enters Critical NEPA Review Phase
TL;DR
Lahontan Gold's expedited NEPA review and funding agreement positions the company to rapidly advance its Santa Fe Mine Project, creating a competitive advantage in gold and silver resource expansion.
Lahontan Gold's Exploration Plan of Operations enters NEPA review with a completed draft Environmental Assessment, while a Contributed Funds Agreement supports additional BLM personnel for efficient processing.
Lahontan Gold's responsible mining approach through proper environmental review processes supports sustainable resource development that can benefit local economies and mineral supply chains.
Lahontan Gold plans to drill over 700 holes at its Santa Fe Mine Project, which previously produced 359,202 ounces of gold between 1988 and 1995.
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Lahontan Gold Corp. has reached a significant regulatory milestone as its Exploration Plan of Operations for the Santa Fe Mine project entered National Environmental Policy Act review by the U.S. Bureau of Land Management. This development represents a crucial step toward advancing what could become a major gold and silver mining operation in Nevada's mineral-rich Walker Lane region. The NEPA review process is expected to move quickly because a draft Environmental Assessment has already been completed, potentially shortening the typical timeline for federal environmental approvals.
Additionally, Lahontan Gold signed a Contributed Funds Agreement to provide funding for additional BLM personnel, a strategic move that may further expedite the review process and demonstrate the company's commitment to responsible development. CEO Kimberly Ann emphasized that the exploration plan supports staged drilling of more than 700 holes at the Santa Fe Mine Project. This extensive drilling program is designed to enhance opportunities for expanding gold and silver resources and future mining potential.
The Santa Fe Mine property spans 26.4 square kilometers and has a history of past production, with 359,202 ounces of gold and 702,067 ounces of silver extracted between 1988 and 1995 from open pit mines using heap-leach processing. The project currently boasts substantial mineral resources, with a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 gold equivalent ounces and an Inferred Mineral Resource of 411,000 gold equivalent ounces. These resources are pit-constrained and represent significant potential for future development.
The company maintains technical information on its website at https://www.lahontangoldcorp.com where investors can access detailed project documentation. Lahontan Gold plans to continue advancing the Santa Fe Mine project toward production while updating the Preliminary Economic Assessment and drilling its satellite West Santa Fe project during 2025. Additional investor information is available through the company's newsroom at http://ibn.fm/LGCXF.
The entry into NEPA review represents more than just regulatory progress—it signals the potential for substantial economic development in the region while adhering to environmental standards. The company's approach of funding additional BLM personnel demonstrates a proactive strategy for navigating the complex federal permitting process, which could serve as a model for other mining companies seeking to advance projects through the regulatory system efficiently. The technical content of the company's disclosures has been reviewed and approved by Michael Lindholm, an Independent Consulting Geologist who serves as a Qualified Person under National Instrument 43-101 standards.
Curated from InvestorBrandNetwork (IBN)
