Lahontan Gold Corp. Expands Santa Fe Mine Project with Acquisition of York Claims

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) announced on August 18, 2025, the signing of a binding term sheet to acquire 27 unpatented lode mineral claims from Emergent Metals Corp. Known as the York Claims, this acquisition adds approximately 2.1 square kilometers of mineral rights to the Santa Fe Mine Project in Nevada. The claims are situated immediately south and southeast of the existing York open pit and gold resource, positioning them as a strategic extension to the current operations.

The significance of this acquisition is underscored by a recent Preliminary Economic Assessment, which indicated that gold-silver mineralization extends toward the York Claims. This geological continuity suggests that the newly acquired area could host additional mineral resources, potentially allowing for the expansion of the York open pit. For investors and stakeholders, this move signals Lahontan Gold's commitment to maximizing the value of its flagship project by consolidating adjacent land holdings that show promise for resource growth.

The Santa Fe Mine Project, Lahontan's primary asset, has a substantial historical and current resource base. Past production from 1988 to 1995 yielded 359,202 ounces of gold and 702,067 ounces of silver through open-pit mining and heap-leach processing. Current Canadian National Instrument 43-101 compliant resources include an Indicated Mineral Resource of 1,539,000 gold equivalent ounces and an Inferred Mineral Resource of 411,000 gold equivalent ounces, all pit-constrained. The acquisition of the York Claims could further enhance these figures, contributing to the project's overall economics and longevity.

From an industry perspective, this expansion aligns with broader trends in mineral exploration, where companies seek to bolster resource bases through strategic acquisitions in mining-friendly jurisdictions like Nevada. The Walker Lane region, where the Santa Fe Mine is located, is renowned for its rich mineral endowment, making such consolidations a common strategy to de-risk projects and attract investment. The technical oversight for this announcement was provided by Michael Lindholm, CPG, an Independent Consulting Geologist and Qualified Person under National Instrument 43-101, ensuring the reliability of the disclosed information.

For further details on the acquisition, the full press release is available at https://ibn.fm/z1pem. Additional corporate information can be found on the company's website at https://www.lahontangoldcorp.com. The latest updates related to Lahontan Gold Corp. are accessible in the company's newsroom at http://ibn.fm/LGCXF.

This development is poised to impact the mining sector by demonstrating how incremental land acquisitions can significantly augment project value. For Lahontan Gold, it represents a step forward in its strategy to advance the Santa Fe Mine toward production, with plans to update the Preliminary Economic Assessment and conduct drilling at the West Santa Fe project in 2025. The integration of the York Claims may lead to increased mineral resources, improved project economics, and enhanced shareholder value, reflecting the importance of strategic growth in resource development.