Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has appointed Billy Choi as its new chief financial officer, with Choi expected to assume full CFO responsibilities in October 2026 following a transition period. The announcement signals a strengthening of the company's financial management team as it advances permitting for the Santa Fe Mine and targets a restart of production in 2027.
Choi most recently served as vice president of finance at Lithium Royalty Corp., where he was involved in its initial public offering, public-company reporting, financial controls and subsequent acquisition by Altius Minerals. His experience in guiding a company through an IPO and a major acquisition provides Lahontan with critical expertise as it navigates the complex financial and regulatory landscape of mine development. The timing of his appointment is strategic, allowing for a smooth transition before he fully assumes the CFO role in 2026, just as the company aims to complete permitting and prepare for production.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained.
The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101 — Standards of Disclosure for Mineral Projects.
For more information, please visit the company's website at www.lahontangoldcorp.com. The full press release can be viewed at https://nnw.fm/BUdJ8. The latest news and updates relating to LGCXF are available in the company's newsroom at http://nnw.fm/LGCXF.
