Lahontan Gold Announces Filing of Santa Fe Preliminary Economic Assessment & Technical Report

Rhea-AI Summary

Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) has announced the filing of an independent Technical Report and Preliminary Economic Assessment (PEA) for its Santa Fe Mine gold and silver project in Nevada. The report, titled 'Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project,' is effective December 10, 2024, and dated January 24, 2025.

The Technical Report, prepared in compliance with National Instrument 43-101, supports the company's previous disclosure from December 11, 2024, with no material differences noted. The document is now available on SEDAR+ and the company's website.

Positive

• Filing of NI 43-101 compliant Technical Report and PEA demonstrates project advancement
• Consistency between PEA results and previous disclosure indicates reliability of initial findings

Negative

• None.

TORONTO, ON / ACCESS Newswire / January 24, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce that the Company has filed on SEDAR+ an independent Technical Report and Preliminary Economic Assessment ("PEA") titled "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project," effective December 10, 2024, and dated January 24, 2025, for Lahontan's Santa Fe Mine gold and silver project, Santa Fe District, Mineral County, Nevada. The Technical Report was prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and supports the disclosure made by the Company in its December 11, 2024, news release announcing the results of the PEA. There are no material differences in the Technical Report from the information disclosed in the December 11, 2024, news release. The Technical Report is available for download under the company's profile on SEDAR+ and is also available on the company's website: www.lahontangoldcorp.com.

About Lahontan Gold Corp.

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 26.4km² Santa Fe Mine project, had past production of 356,000 ounces of gold and 784,000 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing (Nevada Division of Minerals, www.ndomdata.com). The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report*). For more information, please visit our website: www.lahontangoldcorp.com

* Please see the "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project", Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company's website and SEDAR+.

On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Director

FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email: Kimberly.ann@lahontangoldcorp.com
Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.

SOURCE: Lahontan Gold Corp

View the original press release on ACCESS Newswire

FAQ

What is the effective date of Lahontan Gold's (LGCXF) Santa Fe PEA Technical Report?

The Santa Fe Project PEA Technical Report has an effective date of December 10, 2024.

Where can investors access Lahontan Gold's (LGCXF) Santa Fe PEA Technical Report?

The Technical Report is available for download on SEDAR+ under the company's profile and on Lahontan Gold's website at www.lahontangoldcorp.com.

Are there any material differences between LGCXF's December 2024 announcement and the final PEA report?

No, there are no material differences between the Technical Report and the information disclosed in the December 11, 2024 news release.

What regulatory standard does Lahontan Gold's (LGCXF) Santa Fe PEA comply with?

The Technical Report was prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.