Nevada’s Walker Lane: A Target Rich Environment
Stock Code:
TSXV:LG, OTCQB: LGCXF
Company Exposure:
Gold, Silver
Project Locations:
Nevada, USA
Lahontan Gold is a Canadian mineral exploration company holding four prime gold and silver properties in Nevada’s Walker Lane. Its flagship Santa Fe Mine is a past producing open-pit gold and silver mine. Recent metallurgical test work across all four deposits at Santa Fe reported CN-soluble gold up to 91.5%. This is in preparation for an updated Technical Repot, including a PEA. Lahontan’s West Santa Fe, Moho, and Redlich Silver projects are drill ready and offer strong exploration potential.
Investment Highlights
Lahontan Gold’s Santa Fe Mine has a gold and silver mineral resource that remains open and un-constrained by drilling or geology, with historic mining indicating substantial upside potential. Led by a seasoned management team with proven success in exploration and mine development, Lahontan is nearing completion of an updated technical report and preliminary economic assessment by late 2024. Lahontan has just released an updated MRE for Santa Fe highlighted by project-wide Indicated Resources increased to 48.393Mt grading 0.99g/t Au Eq containing 1,539,000oz Au Eq and Inferred Resources of 16.760Mt grading 0.76g/t Au Eq containing 411,000oz Au Eq, a total of nearly 2,000,000oz, an increase of 290,000oz Au Eq compared to the 2023 MRE.
