Lahontan Gold Corp. Advances Santa Fe Project with Metallurgical Testing and Drilling Campaign

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has taken a significant step forward in its mission to develop top-tier gold and silver assets in Nevada's Walker Lane by initiating in-depth metallurgical testing at its Santa Fe project. This testing focuses on improving cyanide leach gold recovery in the mixed oxide-sulfide transition zone, where previous recoveries were only 49%. The results, expected later this year, could have a substantial impact on the project's economics by enhancing recoveries in a zone that contains a significant portion of the minable gold ounces.

The Santa Fe project, central to Lahontan's development strategy, has a rich history of gold and silver production and currently boasts an estimated resource of over 1.5 million ounces gold equivalent in the indicated category. The company's efforts to improve recoveries in the transition zone are part of a broader strategy to reposition Santa Fe as a near-term producer. Beyond metallurgical testing, Lahontan is gearing up for an expanded 2025 drilling campaign aimed at resource growth and project optimization, following the Bureau of Land Management's approval to access additional high-priority drill sites.

Historical data and recent analyses have shown promising metallurgical potential at Santa Fe, with heap leach recoveries reaching up to 74.4% for gold in oxide zones. The company's ongoing work, including updates to its Preliminary Economic Assessment with new metallurgical data and drilling results, underscores its commitment to advancing the Santa Fe project toward production. With Walker Lane's reputation as a highly productive mining jurisdiction, Lahontan's focused efforts on Santa Fe and its satellite properties highlight its potential to become a leading gold and silver producer in the region.