Lahontan Begins Final Phase of Base LINE Data Collection FOR Santa Fe Plan of Operations
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE TSX.V LG, OTCQB LGCXF
LAHONTAN BEGINS FINAL PHASE OF BASE LINE DATA COLLECTION FOR
SANTA FE PLAN OF OPERATIONS
Toronto, Ontario, March 4, 2024. Lahontan Gold Corp (TSXV:LG, OTCQB:LGCXF) (the
"Company" or "Lahontan"), is pleased to announce that its consultants have begun the final phase of
base line environmental data collection for its exploration Plan of Operations (“POO”) at its Santa Fe Mine
project located in the Nevada’s Walker Lane. Commencing next week, consulting biologists will complete
helicopter-borne raptor surveys throughout the 12.2 km 2 POO study area at Santa Fe. In the following
weeks, consultants will finish on -the-ground botanical surveys, the last field observations needed for the
POO. The Company expects that the Cultu ral and Biological Resource Reports will be ready for review
by the Bureau of Land Management (“BLM”) and the Nevada State Historic Preservation Office (“SHPO”)
in late Q2 2024. Final review and determination of completeness of the POO and the baseline information
by the BLM is expected in H2 2024 allowing the Santa Fe Mine project to enter the NEPA process.
Eventual approval of the POO by the BLM will allow more surface disturbance on the property giving
Lahontan the ability to continue to explore and expand the current mineral resources as well as provide
needed baseline data and analysis that can be used if Lahontan wishes to modify the POO to include mining
operations.
Kimberly Ann, Lahontan Founder, CEO, President, and Director commented: “Lahontan is excited to enter
the final phase of data collection for its Santa Fe Mine project Plan of Operations. Data collection is the
lengthiest portion of the POO permitting process as it requires not only detailed cultural resource surveys,
but also on -the-ground botanical surveys that must be completed across multiple growing seasons. We
have been in the dat a collection mode for nearly 12 months and we are literally within a few months of
submitting our draft Cultural and Biological Resource reports to the BLM. As we continue to examine
options for potentially restarting mining operations at Santa Fe, having these key base line studies complete
and nearly in the hands of the BLM is a tremendous achievement.”
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds,
through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of
mining friendly Nevada. Lahontan’s flagship property, the 26.4 km2 Santa Fe Mine, had past production
of 345,000 ounces of gold and 711,000 ounces of silver between 1988 and 1995 from open pit mines
utilizing heap-leach processing (Nevada Bureau of Mines and Geology, 1995). The Santa Fe Mine has
Canadian Nationa l Instrument 43 -101 compliant Indicated Mineral Resource of 1,112,000 oz Au Eq
(grading 1.14 g/t Au Eq) and an Inferred Mineral Resource of 544,000 oz Au Eq (grading 1.00 g/t Au Eq),
all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report*). The
Company will continue to aggressively explore Santa Fe during 2023 and begin the process of evaluating
development scenarios to bring the Santa Fe Mine back into production. Anthony Gesualdo , CPG,
Consulting Geologist to Lahontan Gold Corp., is the Qualified Person for the Company and approved the
technical content of this news release. For more information, please visit our website:
www.lahontangoldcorp.com
* Please see the Santa Fe Project Technical Report, Authors: Trevor Rabb and Darcy Baker, P. Geos. Effective Date: December
7, 2022, Report Date: March 2, 2023. The Technical Report is available on the Company’s website and SEDAR.
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email:
Website: www.lahontangoldcorp.com
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is cautioned not to place undue reliance on forward -looking statements. Additional information identifying risks and
uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators,
which filings are available at www.sedar.com