Lahontan Gold's Santa Fe Mine Project Advances to Full Environmental Assessment
Lahontan Gold Corp.'s Santa Fe Mine Project in Nevada has progressed to full environmental assessment under NEPA, marking a critical regulatory milestone that could lead to significant gold and silver production and economic development.
The Federal Bureau of Land Management has deemed Lahontan Gold Corp.'s Exploration Plan of Operations complete, allowing the Santa Fe Mine Project in Nevada to advance into full environmental assessment under the National Environmental Protection Act. This determination confirms completion of all baseline biological, cultural and historical studies, which can also support future mine planning.
The plan provides for exploration across 12 square kilometers with more than 700 drill sites. Lahontan anticipates completing the NEPA process and receiving final approval of the plan in Q4 2025, enabling a robust drilling campaign in 2026. The Santa Fe Mine project represents a significant development opportunity in Nevada's mining sector, with past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995.
The project holds a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained. The technical content of the announcement 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.
For more detailed technical information, investors can review the Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project available on the Company's website and SEDAR+. The advancement of this project through the environmental assessment process represents a critical regulatory milestone that could lead to substantial mineral development in Nevada's Walker Lane region.
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. This progression through the NEPA process demonstrates the project's compliance with federal environmental standards and positions it for potential future development and economic contribution to the region.