Lahontan Plans 6,300 Metres of Drilling FOR WEST Santa Fe
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE TSX.V LG, OTCQB LGCXF
LAHONTAN PLANS 6,300 METRES OF DRILLING FOR WEST SANTA FE
Toronto, Ontario, February 24, 2025 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF) (the
"Company" or "Lahontan") is pleased to announce that the Company has completed planning for its 2025
Phase One drilling program for its West Santa Fe gold and silver project located only 13 kilometres from
its flagship Santa Fe Mine project in Nevada ’s prolific Walker Lane. Lahontan is planning to drill 26
reverse-circulation (“RC”) drill holes in order to validate historic drilling and test numerous step-out targets
adjacent to the area of historic drilling (please see map below). Previous drilling at West Santa Fe totalled
over 13,000 metres in 171 d rill holes. The historic drilling defines a zone of shallow, oxidized, gold and
silver mineralization that the Company believes could form the basis of minable mineral resource as defined
in NI 43-101.
Plan map depicting the Phase One drill program for the West Santa Fe project. The outline of a large, shallow, oxidized gold-silver
hydrothermal system is shown by the red dashed line. Proposed drill holes are shown in black and include confirmatory drill holes
near the historic drilling as well as step-out drill holes along strike and down dip from the historic drilling. Note the surface rock
geochemistry which includes grab samples grading up to 2.61 g/t gold (please see Lahontan press release dated February 20, 2024).
Kimberly Ann, Lahontan Gold Corp CEO, Chair, and Founder commented: “Lahontan is excited to begin
drill testing the large gold and silver mineralized hydrothermal system at West Santa Fe. The Company has
modeled historic drilling at West Santa Fe and believes the project has the potential to host a significant
gold and silver resource to augment the resources already defined at our flagship Santa Fe Mine project.
Shallow
oxidized
Au
-
Ag
system
in
historic
drilling
Step
-
out
drilling
Step
-
out
drilling
Down
-
dip
drilling
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
The potential to add shallow oxide gold and silver resources at West Santa Fe, only 13 kilometres from the
Santa Fe Mine, fits perfectly with our plan to continue to grow our projects in size and scale, thus improving
overall project economics, as rapidly as possible”.
Lahontan plans to permit the Phase One drilling program under a “Notice of Intent” to be submitted to the
Bureau of Land Management (“BLM”) shortly. The drill program will largely use existing roads at West
Santa Fe for access and drill platforms, generating minimal surface disturbance. A short video illustrating
the drill program can be found here: https://youtu.be/rxSg9srUXx0
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 702,067ounces 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 (grading 0.99 g/t Au Eq) and an Inferred
Mineral Resource of 411,000 oz Au Eq (grading 0.7 6 g/t Au Eq), all pit constrained (Au Eq is inclusive
of recovery, please see Santa Fe Project Technical Report*). 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 proj ect during 2025. The technical content of this news release
and the Company's technical disclosure has been reviewed and approved by Michael Lindholm, P.Geo.,
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
* 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+.
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
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
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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 stateme nts 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