Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) is featured in a new video produced by BTV – Business Television, where Founder, CEO, President and Director Kimberly Ann discusses the company's progress toward production at its flagship Santa Fe gold project in Nevada. Ann states that Lahontan expects to receive a key mine permit in the first quarter of 2025, positioning the project for construction and potential initial gold production before the end of the year. She also highlights Nevada's established infrastructure, mining workforce, and favorable regulatory environment as important advantages supporting project development.
In the interview, Ann points to silver upside through the company's West Santa Fe asset and notes projected cash costs of approximately $1,100 to $1,200 per ounce, which she says position the project favorably amid strong precious metals prices. The Santa Fe project has a history of past production, with 359,202 ounces of gold and 702,067 ounces of silver produced between 1988 and 1995 from open pit mines utilizing heap-leach processing. According to the company's NI 43-101 technical report, the project hosts an 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) 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), all pit constrained.
The announcement underscores the strategic importance of advancing the Santa Fe project towards production in Nevada, a mining-friendly jurisdiction with robust infrastructure. The company plans to update the Santa Fe Preliminary Economic Assessment and drill test its satellite West Santa Fe project during 2025. For more information, visit the company's newsroom at http://ibn.fm/LGCXF. The full press release is available at https://ibn.fm/J7GcM.
