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 adds strategic importance to domestic production initiatives.
The company's approach leverages Nevada's favorable economic and regulatory environment, which Ann identified as crucial factors in the development timeline. With a clear focus on enhancing shareholder value, Lahontan Gold Corp. has established specific milestones including updating the Santa Fe Preliminary Economic Assessment and conducting drill testing at the satellite West Santa Fe project by 2025. These steps are designed to systematically advance the project toward production while minimizing development risks.
The Santa Fe Mine project contains substantial mineral resources with Canadian National Instrument 43-101 compliant Indicated Mineral Resources of 1,539,000 ounces gold equivalent and Inferred Mineral Resources of 411,000 ounces gold equivalent. These established resources provide a solid foundation for the mine's revival and underscore the project's potential for significant gold and silver production. The historical operation's proven track record of low-cost open-pit heap leach operations suggests favorable economics for the revived operation.
Located within one of the world's most prolific mining regions, the Santa Fe Mine benefits from established infrastructure and mining-friendly jurisdiction. The company's accelerated timeline reflects confidence in both the technical aspects of the project and the current market conditions supporting gold development. Additional information about the company's development plans and the Santa Fe Mine project is available at https://ibn.fm/5zSkM.
Curated from InvestorBrandNetwork (IBN)
