Lahontan Gold Initiates 2025 Drilling Program at Santa Fe Mine in Nevada

Lahontan Gold Corp. has begun its 2025 exploration drilling program at the Santa Fe Mine project in Nevada, strategically positioning itself to potentially expand its mineral resources and advance towards future production. The company has deployed a reverse-circulation drill rig and supporting equipment to the Slab target area, marking a significant step in its ongoing mineral exploration efforts.

The initial phase of drilling will commence on patented claims, with plans to expand onto Bureau of Land Management (BLM) administered land pending regulatory approval. This methodical approach demonstrates the company's commitment to thorough and compliant exploration strategies.

The Santa Fe Mine project has a notable historical production record, having previously yielded 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 through open pit mining and heap-leach processing. Current mineral resources are substantial, with an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent.

By targeting the Slab and York areas, Lahontan Gold aims to not only expand known gold and silver resources but also collect additional sample material for comprehensive metallurgical testing. This dual-focused approach suggests a strategic intent to fully understand the deposit's potential and economic viability.

Initial assay results from the drilling program are anticipated within four to six weeks, which could provide crucial insights into the project's geological potential and inform future exploration and development strategies. The company's methodical approach to resource evaluation and potential mine development positions it favorably in the competitive mining exploration sector.

As part of its broader strategy, Lahontan Gold plans to update the Santa Fe Preliminary Economic Assessment and continue advancing the project towards potential future production. The ongoing drilling program represents a critical step in this comprehensive development plan.