Lahontan Gold Corp. (TSXV: LG | OTCQB: LGCXF | FSE: Y2F) has received a major regulatory milestone with the U.S. Bureau of Land Management (BLM) publishing its Decision Record, Finding of No Significant Impact (FONSI), and approval of the company’s Exploration Plan of Operations (EPOO) for the Santa Fe Mine Project in Nevada.
This approval concludes the NEPA Environmental Assessment process and authorizes Lahontan to launch a significantly expanded exploration and development program across a 12.2 km² permit area, well beyond the previously defined gold and silver resources. The EPOO includes over 700 permitted drill holes, targeting multiple geologic and geochemical anomalies, historic intercepts, and new zones between existing resource areas.
Priority targets include:
- Pinnacles, hosted in a similar setting to Fortitude Gold’s Isabella Pearl Mine.
- Guzzler, south of the Santa Fe open pit.
- Untested zones between known resource areas and historic heap leach pads.
Kimberly Ann, Executive Chair, Founder, CEO, and President of Lahontan Gold Corp. commented, “Receiving approval of the Santa Fe Mine project EPOO represents a landmark milestone for Lahontan. Until now, the Company’s exploration activities were limited to a five-acre disturbance area, significantly restricting its ability to step out from known resources and fully assess the exploration potential of the Santa Fe Mine Project. With the approval of the EPOO, Lahontan can now explore a 12.2 km² area encompassing multiple well-defined geological and geochemical targets located between and adjacent to existing gold and silver resources. The expanded permit area also allows for drill testing of the historical heap leach pads, which may contain remnant mineralization of potential economic interest. This approval positions the Company to evaluate the broader gold and silver endowment of the Santa Fe Mine project and to unlock the full potential of its strategic land position in Nevada’s Walker Lane. Lahontan would also like to thank the staff of the Carson City office of the BLM for their efficient and timely completion of the EPOO.”
Lahontan Gold holds four gold and silver exploration properties in Nevada’s Walker Lane, including its flagship 28.3 km² Santa Fe Mine Project, which produced 359,202 oz gold and 702,067 oz silver between 1988 and 1995. Current NI 43-101 resources include:
- Indicated: 1,539,000 oz AuEq (48.39 Mt grading 0.99 g/t AuEq)
- Inferred: 411,000 oz AuEq (16.76 Mt grading 0.76 g/t AuEq)
Lahontan plans to advance Santa Fe toward production, update its Preliminary Economic Assessment, and drill test the West Santa Fe satellite project in 2025.
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