Welcome to our dedicated page for Lahontan Gold news (Ticker: LGCXF), a resource for investors and traders seeking the latest updates and insights on Lahontan Gold stock.
Overview of Lahontan Gold Corp.
Lahontan Gold Corp. (symbol: LGCXF) is a Canadian mine development and mineral exploration company deeply engaged in the gold and silver mining sector. Operating primarily within Nevada's prolific Walker Lane, the company is dedicated to advancing high-quality projects through a strategic blend of historic data analysis, geoscience, and modern exploration techniques. With expertise in heap leach processing and open-pit mining, Lahontan Gold distinguishes itself through rigorous technical evaluations and a commitment to methodical project advancement.
Core Business Areas
The company focuses on acquiring, exploring, permitting, and developing mineral properties that have significant exploration potential. Through its US subsidiaries, Lahontan Gold holds four top-tier gold and silver projects, with the flagship Santa Fe Mine project at the forefront. The Santa Fe Mine, previously known for its production using heap leach methods, now serves as the foundation for an extensive exploration and development program that includes detailed drilling, geologic mapping, and metallurgical testing.
Technical Exploration and Resource Estimation
Lahontan Gold employs industry-standard drilling techniques, including reverse circulation drilling and detailed geophysical surveys, to delineate mineralized zones. The company’s approach is in strict adherence to NI 43-101 standards, emphasizing transparent and methodical resource estimation processes. Historic drilling data, combined with recent exploratory drilling and reinterpretation of geological data, have significantly expanded the understanding of shallow oxide gold and silver mineralization zones.
Metallurgical Testing and Process Optimization
A key aspect of the company’s technical strategy is the comprehensive metallurgical testing that underpins the development process. Through testing conducted by reputable consultants, Lahontan Gold is focusing on optimizing heap leach recoveries and refining comminution and permeability parameters. This technical rigor supports the ongoing Preliminary Economic Assessment (PEA) and fortifies the company’s evaluation of cost-effective mineral processing options.
Competitive Position and Industry Context
Within the competitive landscape of Nevada’s mining sector, Lahontan Gold distinguishes itself through its disciplined approach to resource expansion and project development. By strategically integrating historic data with new exploration campaigns, the company is well-positioned to capitalize on its robust portfolio of properties. Its technical team utilizes precise geological models and modern resource estimation techniques, which foster confidence among industry observers and stakeholders regarding the potential to unlock value within existing projects.
Project Development and Future Potential
Although the company is in an exploration and development phase and refrains from speculative future claims, its strategic focus remains on thoroughly exploring its flagship Santa Fe Mine project and adjacent prospects. Continuous drilling programs and metallurgical testing are designed to refine resource estimates and solidify the data foundation necessary for moving towards mine permitting and eventual production. This methodical and systematic approach highlights Lahontan Gold’s commitment to advancing projects based on detailed technical evaluations and proven exploration success.
Operational Excellence and Governance
The company’s operations are led by experienced executives and technical experts who infuse deep industry knowledge into every phase of project advancement. With robust QA/QC procedures in drilling and testing protocols, Lahontan Gold upholds high standards of accuracy and reliability in its technical disclosures. The structured and transparent nature of its exploration programs ensures that all stakeholders receive detailed insights into the operational framework and long-standing expertise that underpin the company’s strategic endeavors.
Conclusion
In summary, Lahontan Gold Corp. presents a comprehensive and technically sound approach to mineral exploration and mine development. With a focus on established processes such as heap leach processing, NI 43-101 compliant resource estimation, and methodical drill campaigns, the company exemplifies a balanced blend of historic insight and modern geoscience. This detailed and unbiased assessment underscores the company’s core value proposition: advancing robust mineral projects through a disciplined, evidence-based approach aimed at unlocking long-term value in the competitive mining sector.
- Key Industry Keywords: Mineral exploration, gold and silver mining, heap leach processing.
- Technical Emphasis: NI 43-101 compliance, reverse circulation drilling, geologic mapping.
- Strategic Focus: Resource expansion, process optimization, project development.
Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) has announced an updated Mineral Resource Estimate (MRE) for its Santa Fe Mine in Nevada. The MRE shows significant increases in resources:
- Indicated Mineral Resources: 1,539,000 contained gold equivalent (Au Eq) ounces, a 38% increase from 2023
- Inferred Mineral Resources: 411,000 contained Au Eq ounces
- Project-wide average grade: 0.99 g/t Au Eq for Indicated and 0.76 g/t Au Eq for Inferred
- Shallow oxide resources at Slab-Calvada-York expanded dramatically, nearly doubling from 2023
The company plans to use this MRE for a Preliminary Economic Assessment (PEA) to examine resuming production using open-pit mining and heap leach processing. Lahontan is progressing with state-level mine permitting and federal land management processes.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) has announced promising results from metallurgical test work across all four deposits at its Santa Fe Mine project in Nevada. The study, conducted by Kappes, Cassiday and Associates, focused on cyanide-soluble gold analysis and preg-robbing potential. Key findings include:
- Calvada Deposit: 91.5% CN-soluble gold, up from 71% previously estimated
- York Deposit: Up to 91.0% CN-soluble gold, averaging 78.4% (previously 60%)
- Slab Deposit: 69.0% CN-soluble gold on average (previously 50%)
- Santa Fe Deposit: Moderate CN-soluble gold content
Importantly, only 3 out of 205 samples showed aggressive preg-robbing potential, indicating favorable conditions for future mine operations. The company plans additional testing to optimize recoveries and processing flow sheets for its upcoming Preliminary Economic Assessment.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) has announced promising results from five reverse-circulation rotary drill holes at its Santa Fe Mine project in Nevada. The drilling campaign targeted potential extensions to existing gold and silver resources and aimed to refine pit boundaries for an upcoming Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA).
Key highlights include:
- 48.8 metres grading 0.51 g/t Au Eq of shallow oxide mineralization in drill hole CAL24-007R
- 7.6 metres grading 2.22 g/t Au Eq in drill hole CAL24-009R
- Significant expansion of the mineralization footprint north of the Slab open pit
- Potential for resource expansion in the Slab pit area
The results will be incorporated into a new MRE block model, forming the basis for mining planning in the upcoming PEA, expected in September 2024.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) has announced two significant updates. Firstly, Ms. Kimberly Ann, the company's Founder, CEO, President, and Director, has been appointed Executive Chair by the Board of Directors, effective immediately. Secondly, the company provided an update on the block of Lahontan common shares held by Victoria Gold Corp (VGCX).
Following a court order, PricewaterhouseCoopers Inc. has been appointed as the receiver and manager of VGCX's assets. As a result, the VGCX share block cannot be sold without court approval. Lahontan's management believes this will allow for an orderly sale of the Lahontan common shares held by VGCX. The company is actively working to assist in any potential sale process to ensure the best outcome for Lahontan shareholders.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) has announced the resignation of John McConnell from his positions as director and Chair of the Board of Directors. Kimberly Ann, the company's Founder, CEO, President, and Director, expressed gratitude for McConnell's service and wished him well in his future endeavors. This management change represents a significant shift in the company's leadership structure.
The press release does not provide details on the reasons for McConnell's departure or any immediate plans for his replacement. As this change could potentially impact the company's strategic direction and governance, investors and stakeholders may be keen to monitor further announcements regarding the composition of Lahontan's Board of Directors.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) has initiated metallurgical testing for its planned Preliminary Economic Assessment (PEA) of the Santa Fe Mine project in Nevada. The testing, conducted by Kappes, Cassiday and Associates, focuses on:
- Comminution test work for assessing crushing and abrasion characteristics
- Compacted permeability tests to determine cement requirements for agglomeration
- Pregnant solution robbing analysis to identify potential problem areas
Previous testing and mining operations at Santa Fe demonstrated excellent heap leach recoveries for gold (79%) and silver. The company aims to develop precise economic parameters for processing mineralized rock at Santa Fe, with the PEA expected to be completed in September 2024.
Lahontan Gold Corp (TSXV:LG, OTCQB:LGCXF) announced the results of its Annual and Special Meeting of Shareholders held on June 27, 2024. A total of 45.4% of the outstanding shares were represented. All matters submitted were approved by at least 98.3% of votes. This includes the election of all five management nominees to the board of directors, the re-appointment of PricewaterhouseCoopers LLP as auditors for the next year, and the re-approval of the company's 10% rolling stock option plan.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) has completed Phase Two of its 2024 drilling program at the Santa Fe Mine project in Nevada. This phase included five reverse-circulation drill holes totaling 1,044 meters, adding to the 11 RC drill holes totaling 2,347 meters completed in 2024. The drilling aimed to define open pit geometries for an updated Mineral Resource Estimate (MRE), extend mineralization at depth, and explore the Slab target area. Samples have been sent to the assay lab, with results expected soon. CEO Kimberly Ann highlighted the rapid and under-budget completion of the drilling and ongoing work on the Preliminary Economic Assessment (PEA), including site visits and cost studies.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) has confirmed an eastern extension of shallow gold and silver mineralization at its West Santa Fe project in Nevada's Walker Lane, close to its Flagship Santa Fe Mine Project. Detailed fieldwork and reinterpretation of a previous magnetic geophysical survey have identified a nearly 1,000-meter extension of mineralization from the historic drilling area. The historic drilling included 171 drill holes totaling approximately 13,000 meters. The new findings increase the size and potential of the mineralized zone and generate new drilling targets. CEO Kimberly Ann emphasized the importance of this work for understanding the full potential of the project and mentioned plans to continue mapping and sampling to finalize drill targets.
Lahontan Gold Corp (TSXV: LG, OTCQB: LGCXF) has completed Phase One of its 2024 drilling program at its flagship Santa Fe Mine project. The program included six reverse-circulation drill holes totaling 1,303 meters, focusing on the Slab and Calvada East target areas. Samples have been submitted to American Assay Laboratories for gold and silver analysis. One additional drill hole has been added to the Slab target area based on positive logging results. Phase Two of the drilling will commence later this week, with a Preliminary Economic Assessment (PEA) scheduled for completion in September. The company plans to provide ongoing updates on drill results, permitting, and PEA progress.
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