Lahontan Gold Corp. Aims to Fast-Track Revival of Santa Fe Mine in Nevada's Walker Lane
TL;DR
Lahontan Gold Corp. offers investors a strategic advantage with its Santa Fe Mine project, boasting 2 million ounces of gold and a favorable regulatory environment in Nevada.
Lahontan Gold Corp. plans to revive the Santa Fe Mine by leveraging its low-cost open-pit heap leach history and updating its Preliminary Economic Assessment for 2025.
Reviving the Santa Fe Mine contributes to economic growth and job creation in Nevada, aligning with global efforts to secure critical minerals like gold.
Discover how Lahontan Gold Corp. is tapping into Nevada's rich mining history to unlock the potential of the Santa Fe Mine's 2 million ounces of gold.
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Lahontan Gold Corp. CEO Kimberly Ann recently outlined the company's strategy to fast-track the revival of the past-producing Santa Fe Mine during an appearance on The MiningNewsWire Podcast. The Santa Fe Mine, located in Nevada's Walker Lane region, represents a substantial opportunity with its reported 2 million ounces of gold and history of low-cost open-pit heap leach operations. Nevada's status as one of the world's most prolific mining jurisdictions provides a favorable backdrop for the project's development.
The company's approach benefits from multiple strategic advantages, including Nevada's supportive economic and regulatory environment for mining operations. Additionally, gold's inclusion on the critical minerals list further enhances the project's significance in the current economic landscape. Ann emphasized that these factors, combined with the mine's established infrastructure and mining history, position Lahontan Gold Corp. to efficiently advance the Santa Fe Mine toward production while maximizing shareholder value.
The Santa Fe Mine project contains substantial mineral resources, with a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces gold equivalent and an Inferred Mineral Resource of 411,000 ounces gold equivalent. These robust resource estimates underscore the project's potential for significant gold and silver production. The company's immediate plans include updating the Santa Fe Preliminary Economic Assessment and conducting drill testing at the satellite West Santa Fe project by 2025, demonstrating a clear pathway toward project advancement.
For additional information about Lahontan Gold Corp.'s development plans and the Santa Fe Mine project, visit https://ibn.fm/5zSkM. The company's focused approach to reviving this historically productive mine in a world-class mining district represents a significant opportunity in the gold mining sector, particularly given current market conditions and the strategic importance of domestic gold production.
Curated from InvestorBrandNetwork (IBN)
