Lahontan Gold Corp. Advances Santa Fe Mine Revival in Nevada's Walker Lane
TL;DR
Lahontan Gold Corp. offers investors a strategic advantage with its Santa Fe Mine project, boasting 2 million ounces of gold and a favorable regulatory environment in Nevada.
Lahontan Gold Corp. plans to revive the Santa Fe Mine by leveraging its low-cost open-pit heap leach history and updating its Preliminary Economic Assessment for 2025.
Reviving the Santa Fe Mine contributes to economic growth and job creation in Nevada, aligning with global efforts to secure critical minerals like gold.
Discover how Lahontan Gold Corp. is tapping into Nevada's rich mining history to unlock the potential of the Santa Fe Mine's 2 million ounces of gold.
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Lahontan Gold Corp. CEO Kimberly Ann recently outlined the company's strategy to fast-track the revival of the past-producing Santa Fe Mine during an appearance on The MiningNewsWire Podcast. The Santa Fe Mine, located in Nevada's Walker Lane region, represents a substantial opportunity with its reported 2 million ounces of gold and history of low-cost open-pit heap leach operations. This development comes at a time when gold's inclusion on the critical minerals list provides additional strategic importance to the project.
The company's approach leverages Nevada's favorable economic and regulatory environment, which Ann identified as key factors in their development strategy. With a clear focus on enhancing shareholder value, Lahontan Gold Corp. has established specific timelines for advancing the Santa Fe Mine project. The company plans to update the Santa Fe Preliminary Economic Assessment and conduct drill testing at its satellite West Santa Fe project by 2025, demonstrating a methodical approach to resource development.
The Santa Fe Mine project contains substantial mineral resources that underscore its production potential. According to Canadian National Instrument 43-101 standards, the project boasts an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent. These resource estimates highlight the significant gold and silver production capacity of the Santa Fe Mine, positioning it as a potentially important contributor to domestic critical mineral supply.
The company's progress and detailed plans for the Santa Fe Mine project are available through additional resources at https://ibn.fm/5zSkM. The combination of established mineral resources, favorable mining jurisdiction, and strategic development timeline positions Lahontan Gold Corp. to potentially capitalize on the growing demand for gold as both a precious metal and critical mineral. The Santa Fe Mine's revival represents not only a significant corporate opportunity but also contributes to strengthening domestic mineral production capabilities in a globally important mining region.
Curated from InvestorBrandNetwork (IBN)
