Lahontan Receives Blm Approval of Santa Fe Exploration Plan of Operations
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE
LAHONTAN RECEIVES BLM APPROVAL OF SANTA FE EXPLORATION PLAN OF
OPERATIONS
Toronto Ontario, November 13, 2025 – Lahontan Gold Corp. (TSXV:LG; OTCQB:LGCXF; FSE:
Y2F) (the “Company” or “Lahontan”) is pleased to announce that the Federal Bureau of Land
Management (“BLM”) has published its Decision Record (“DR”), Finding of No Significant Impact
(“FONSI”), and approval of the Company’s Exploration Plan of Operations (“EPOO”) for the Santa Fe
Mine project, on the BLM’s website: https://eplanning.blm.gov/eplanning-ui/home. This decision
concludes the National Environmental Policy Act (“NEPA”) Environmental Assessment (“EA”) process
and authorizes Lahontan to move forward with its greatly expanded exploration drilling and mine
development program at Santa Fe.
The recently approved Exploration Plan of Operations (“EPOO”) allows Lahontan to conduct exploration
drilling across a 12.2 km² area of the Santa Fe Mine project, enabling the Company to test multiple new
targets, well beyond the currently defined gold and silver resources (see map below)*. Previous Lahontan
drilling programs focused on validating historical drill results, defining and expanding resources adjacent
to the past-producing open pits, and collecting data to support detailed mine planning and scheduling.
With the EPOO in place, Lahontan can now initiate true exploration programs across the broader project
area. The EPOO encompasses over 700 permitted drill holes targeting well -defined geologic and
geochemical anomalies, as well as previously drilled areas that returned significant gold and silver
intercepts that require follow-up drilling. Priority targets include the Pinnacles area, hosted in a similar
geologic setting to Fortitude Gold’s nearby Isabella Pearl Mine, as well as important historic drilling at
the Guzzler target south of the Santa Fe open pit, along with multiple untested zones between the known
resource areas at Santa Fe (see map below).
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
Map of the recently approved EPOO for Santa Fe. The yellow shading outlines the area included in the EPOO, dark red indicates the historic pits
including the Isabella Pearl pit west of the project boundary, the red lines shows the surface projection of known gold and silver resources*.
Kimberly Ann, Lahontan Gold Corp. Executive Chair, Founder, CEO, and President commented:
“Receiving approval of the Santa Fe Mine project EPOO represents a landmark milestone for Lahontan.
Until now, the Company’s exploration activities were limited to a five-acre disturbance area, significantly
restricting its ability to step out from known resources and fully assess the exploration potential of the Santa
Fe Mine Project. With the approval of the EPOO, Lahontan can now explore a 12.2 km² area encompassing
multiple well-defined geological and geochemical targets located between and adjacent to existing gold and
silver resources. The expanded permit area also allows for drill testing of the historical heap leach pads,
which may contain remnant mineralization of potential economic interest. This approval positions the
Company to evaluate the broader gold and silver endowment of the Santa Fe Mine project and to unlock
the full potential of its strategic land position in Nevada’s Walker Lane. Lahontan would also like to thank
the staff of the Carson City office of the BLM for their efficient and timely completion of the EPOO.”
Map of exploration targets at the Santa Fe Mine Project.
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds,
through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining
friendly Nevada. Lahontan’s flagship property, the 28.3 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. For more information,
please visit our website: www.lahontangoldcorp.com
Slab
York
Calvada
Santa
Fe
PINNACLE
SF OXIDE
GRABEN
GUZZLER
ATCHISON
YORK
SOUTH SLAB
NORTH SLAB
CALVADA
EXTN.
YORK Drill Target
Slab Au Resource
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%.
Qualified Person
Brian J. Maher, M.Sc., CPG-12342, is a “Qualified Person” as defined under Canadian National Instrument
43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this
news release in respect of all technical disclosure other than the Mineral Resource Estimate as noted above.
Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news
release, including the sampling, analytical and test data underlying the disclosure.
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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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