LAHONTAN GOLD CORP - LGCXF STOCK NEWS

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) has announced the start of base-line environmental studies at its Santa Fe Mine in Nevada's Walker Lane. These studies are essential for the Company's Plan of Operations (POO) submission to the Bureau of Land Management (BLM), allowing for increased exploration activities like road building and drilling in a 12.2 km² area. The environmental data will aid future production permitting if the Company chooses to resume operations. Lahontan is also pursuing resource expansion drilling under an approved Notice of Intent (NOI), aiming for an updated Mineral Resource Estimate by the end of the year. The Santa Fe Mine has an Indicated Mineral Resource of 1,112,000 oz Au Eq, with future exploration targeting significant potential.

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) has appointed Brian J. Maher as Vice President - Exploration, enhancing his role as a founder with over 45 years of experience in mining and exploration. This position aims to advance the Santa Fe Mine project, which holds an Indicated Mineral Resource of 1,112,000 ounces of gold equivalent. The company plans to build resources at Santa Fe leading to a Preliminary Economic Assessment while exploring other properties. Maher’s previous success includes guiding Prodigy Gold Inc. to a $341 million acquisition. Lahontan remains committed to aggressive exploration in 2023.

Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF) has filed an independent Technical Report and Mineral Resource Estimate for its Santa Fe Mine project, effective December 7, 2022. The report confirms the mineral resource estimates shared in January 2023, showing no significant discrepancies. With an Indicated Mineral Resource of 1,112,000 oz Au Eq and Inferred Mineral Resource of 544,000 oz Au Eq, Lahontan aims to expand these resources and expedite project economics for a potential quick return to production. The report is accessible on SEDAR and the company's website.

Lahontan Gold Corp. (OTCQB:LGCXF) has initiated metallurgical testing at its Santa Fe Mine in Nevada, aiming to verify historic gold and silver recoveries from oxide mineralization. The first phase will involve bottle-roll tests on drill cuttings, aiming for efficiencies similar to the past recoveries of up to 88.9% for gold and 55% for silver. The Santa Fe Mine has an indicated resource of 1,112,000 oz Au Eq and has produced 345,000 ounces of gold and 711,000 ounces of silver previously. Lahontan plans to explore the property further in 2023, focusing on potential mining operations.

Lahontan Gold Corp. has announced its maiden Mineral Resource Estimate (MRE) for the Santa Fe Mine in Mineral County, Nevada. The MRE includes 1,112,000 ounces of Indicated Mineral Resources and 544,000 ounces of Inferred Mineral Resources, with average grades of 1.14 g/t Au Eq and 1.00 g/t Au Eq respectively. The mine has a history of past production and presents opportunities for low-cost, rapid mining operations. The company plans to leverage historical data for economic evaluations and additional drilling to enhance resource potential. A technical report will be filed to support the MRE.