Lahontan Begins Metallurgical Test Work at Santa Fe
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE
LAHONTAN BEGINS METALLURGICAL TEST WORK AT SANTA FE
Toronto, Ontario, June 24, 2025 – Lahontan Gold Corp. (TSXV: LG; OTCQB: LGCXF; FSE: Y2F)
(the "Company" or "Lahontan") is pleased to announce that the Company has commenced metallurgical
test work on gold and silver mineralization from the transition metallurgical domain (mixed minor sulfide
and oxide mineralization) in the Santa Fe deposit. Lahontan is focusing on dramatically improving CN
leach gold recoveries for transition material from the 49% recovery utilized in the recent Preliminary
Economic Assessment (“PEA”) of the Santa Fe Mine project*, unlocking the full potential of transition
domain mineralization. Similtaneously, the Company is evaluating methodologies to more accurately
define the boundaries between the different metallurgical domains within the Santa Fe deposit. These steps
have the potential to profoundly impact project economics and significantly expand the gold and silver
production profile from that reported in the PEA. The metallurgical testing will include column leach tests;
results are expected later this year.
Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented: “We are excited to
begin this new program of metallurgical testing on the Santa Fe deposit. A significant portion of the minable
gold ounces at Santa Fe lie in the transition metallurgical domain, therefore improved gold and silver
recoveries will have an immediate and important impact on project economics. New heap leaching methods,
including reagents, have shown dramatic increases in recoveries from transition material; we intend to find
out if these new processing methods can work at Santa Fe. In addition, once assay results are received from
the recent drilling at Slab, we will begin additional test work on the bulk rejects, looking for ways to
optimize gold and silver recoveries at Slab as well”.
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 project, had past
production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit
mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101
compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and
7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq
(16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au
Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company
plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe
Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The
technical content of this news release and the Company's technical disclosure has been reviewed and
approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is
a Qualified Person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral
Projects. Mr. Lindholm was not an author for the Technical Report* and does not take responsibility for
the resource calculation but can confirm that the grade and ounces in this press release are the same as
those given in the Technical Report. For more information, please visit our website:
www.lahontangoldcorp.com
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
* Please see the “Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project”, Authors: Kenji Umeno, P.
Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM;
Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website
and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for
non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following
assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to
79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Executive Chair
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, and Executive Chair
Phone: 1-530-414-4400
Email:
Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange(“TSXV”) nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of
historical fact, this news release contains certain "forward-looking information" within the meaning of applicable
securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions
"may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements
are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results
to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or
uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking
information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-
looking information if circumstances or management's estimates or opinions should change except as required by law.
The reader 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.sedarplus.com