Lahontan GOLD Begins Met Testing at Santa Fe
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE TSX.V LG, OTCQB LGCXF
LAHONTAN GOLD BEGINS MET TESTING at SANTA FE
Toronto, Ontario – January 31, 2023 – Lahontan Gold Corp. (TSX.V: LG, OTCQB: LGCXF) (the
“Company” or “Lahontan”) is pleased to announce it has begun metallurgical test work at its flagship
Santa Fe Mine, a past-producing open pit, heap-leach gold and silver mine located in Mineral County,
Nevada. The program is designed to verify historic gold and silver recoveries from oxide mineralization at
Santa Fe, and to provide baseline metallurgical data that can be used to design process flowsheets for any
future mining operations.
The first phase of testing will be a series of bottle-roll tests utilizing reverse-circulation drill cuttings which
will allow the Company to characterize different mineralization types within the oxidized portion of the
Santa Fe mineral resource. Previous bottle-roll tests produced gold recoveries in oxidized rock of up to
88.9% with CN consumption averaging 0.25kg/tonne (Lacana Pre-Feasibility Study, 1987). Subsequent
testing will include defining optimizing crushing size for potential future heap-leach processing, column
leach tests, and evaluating agglomeration to improve precious metal recoveries.
Kimberly Ann, Founder, CEO, and President of Lahontan Gold Corp commented: “Lahontan is excited to
take the next step in the development of the Santa Fe Mine. Reported gold and silver recoveries during the
near six-year period of leach operations (1988-1994) were excellent, 77% for gold and 55% for silver in
oxidized mineralization. These recoveries will need to be verified by modern metallurgical test work along
with evaluating optimization opportunities for potential future mining and processing operations”.
About Lahontan Gold Corp:
Lahontan Gold Corp. is a Canadian mineral exploration company that holds, through its US subsidiaries,
three top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada.
Lahontan’s flagship property, the 19 km2 Santa Fe Mine, is a past producing gold and silver mine that
utilized heap-leach processing (past production of 345,000 ounces of gold and 711,000 ounces of silver
between 1988 and 1995; Nevada Bureau of Mines and Geology, 1995). The Santa Fe Mine has an
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 (please see Lahontan press
release dated January 17, 2023). The Company plans to continue to aggressively explore the entire
property during 2023 and begin the process of evaluating development scenarios to bring the Santa Fe
Mine back into production. Quinten J. Browne, P.Geo., 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
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Director
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
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
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange 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 historic 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.sedar.com