Lahontan Gold Corp. Advances Santa Fe Mine Revival 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 detailed the company's strategy to accelerate the reopening of the historic Santa Fe Mine during an appearance on The MiningNewsWire Podcast. The past-producing mine, located in Nevada's mineral-rich Walker Lane region, contains approximately 2 million reported ounces of gold and previously operated as a low-cost open-pit heap leach operation. This combination of substantial mineral endowment and proven operational history positions the project as a compelling opportunity in one of the world's most productive mining jurisdictions.
The company benefits from operating in Nevada's favorable economic and regulatory environment, which Ann highlighted as a critical advantage. The inclusion of gold on the critical minerals list further enhances the project's strategic importance amid growing demand for precious metals. Lahontan Gold Corp.'s primary objectives include updating the Santa Fe Preliminary Economic Assessment and conducting drill testing at the satellite West Santa Fe project by 2025, with all development activities focused on maximizing shareholder value.
The Santa Fe Mine project contains substantial mineral resources that have been formally documented according to Canadian National Instrument 43-101 standards. The property hosts an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent. These robust resource estimates underscore the project's potential for significant gold and silver production. Additional information about the company's development plans and the Santa Fe Mine project is available at https://ibn.fm/5zSkM.
The revival of the Santa Fe Mine represents a strategic move to capitalize on Nevada's mining-friendly policies and the growing importance of gold as a critical mineral. The project's historical production record, combined with modern resource estimation techniques, provides a solid foundation for renewed operations. With clear timelines for technical studies and exploration activities, Lahontan Gold Corp. is positioned to unlock substantial value from this well-established mining asset in one of North America's most prolific gold districts.
Curated from InvestorBrandNetwork (IBN)
