Lahontan Gold Corp. Advances Santa Fe Project with Permitting and Metallurgical Milestones

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is making significant strides at its Santa Fe Mine project in Nevada's Walker Lane, transitioning from a pure exploration play to a development-stage asset. The company has mobilized a second drill rig following approval of its exploration Plan of Operations, which opens access to more than 700 new drill locations across its land package. This permitting milestone provides visibility into the project's regulatory pathway, a key factor for investors in the current junior mining capital environment.

Recent cyanide extractable analyses from the 2025 reverse-circulation program at West Santa Fe averaged 81% gold and 60% silver recoveries, supporting the project's heap-leach processing thesis. These metallurgical results are critical for demonstrating the economic viability of the deposit and reducing technical risk. The Santa Fe Mine is not a conceptual target; it previously produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 through open pit mining and heap-leach operations. This past production history, combined with a defined NI 43-101 resource base, provides a foundation for a development pathway management has publicly outlined.

In a market where junior mining capital has narrowed considerably, exploration stories that once attracted financing on geological thesis alone are now being asked to demonstrate permitting visibility, infrastructure context, metallurgical results, and a realistic pathway toward production. Lahontan Gold fits this profile more cleanly than many of its peers. The company's ability to secure permits, achieve strong metallurgical recoveries, and leverage existing infrastructure positions it to attract investment and advance toward production. For more information, visit the company's newsroom at ibn.fm/LGCXF.